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Why I sold ownership of Geregu Power Plant — Otedola

The billionaire tycoon explained that proceeds from Geregu stake sale were channelled into Dangote Refinery investment ahead of planned public offering.

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mercoledì 20 maggio 2026·vanguardngr.com
Otedola to invest $100m in Dangote refinery
The Chairman of First HoldCo, Femi Otedola, has announced plans to invest $100 million in Dangote refinery.
mercoledì 20 maggio 2026·africa.businessinsider.com
Nigerian billionaire and serial investor, Otedola commits $100 million for stake in Dangote refinery ahead of IPO
Nigerian billionaire Femi Otedola has committed $100 million to the upcoming private placement of the Dangote Refinery, marking a major reversal from comments he made just weeks…

mercoledì 20 maggio 2026·

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Otedola to invest $100 million in Dangote Petroleum Refinery through private placement

Mr Otedola noted that he is hoping to invest part of the proceeds of the divestment of his shareholding in Geregu Power, an electricity generation company he took public in…

mercoledì 20 maggio 2026·

businessday.ng

Otedola to invest $100m in Dangote refinery via private placement - Businessday NG

Femi Otedola, chairman of First HoldCo, has revealed plans to invest $100 million in the Dangote Petroleum Refinery as the company...

mercoledì 20 maggio 2026·

businessday.ng

Proceeds from Geregu will be invested in Dangote Refinery - Otedola - Businessday NG

Femi Otedola, chairman of First HoldCo, has said proceeds from the sale of his stake in Geregu Power Plc will be channelled into th...

giovedì 21 maggio 2026·

punchng.com

Otedola sells Geregu stake for Dangote refinery IPO entry

Femi Otedola has sold his stake in Geregu Power to invest in the upcoming Dangote Refinery IPO, calling it a transformative project for Africa's economy.

giovedì 21 maggio 2026·

africa.businessinsider.com

Why Otedola sold Geregu shares to bet big on Dangote’s $20bn refinery

Femi Otedola reveals he sold his Geregu Power stake to invest in Dangote Refinery’s IPO as investor demand surpasses $2 billion amid expansion plans across Africa

venerdì 22 maggio 2026·

businessday.ng

Why Dangote Refinery listing is Africa’s most talked about IPO - Businessday NG

When Aliko Dangote told Femi Otedola that investors had already submitted purchase requests worth nearly $2 billion for private placement...

sabato 23 maggio 2026·

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