Femi Otedola has lifted his stake in First HoldCo, parent of First Bank of Nigeria, to 25.87 percent and says he is aiming for outright control.

Nigerian billionaire and chairman of First HoldCo Plc, Femi Otedola, has further tightened his grip on the financial institution, executing...

Mr Otedola now holds approximately 11.9 billion shares in the financial institution, valued at about ₦1.74 trillion based on the company's share price of ₦146.20 as of 12:35 p.m.…