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Wasiu Sowami completes acquisition of Ardova Plc, pays $19m to Femi Otedola

newsheadline247 - May 12, 2023

Ardova has maintained her market position post-acquisition and is now undoubtedly Nigeria’s largest downstream petroleum marketing company AbdulWasiu Sowami, chairman of Ardova Plc, has completed...

Femi Otedola raises stake in Transcorp to 6.3% with additional share purchase

newsheadline247 - April 22, 2023

At current market value, Otedola’s investment in Transcorp by way of equity now stands at over N6.3 billion The chair of Lagos-listed Geregu Power Plc,...

Selfless Service To Humanity, Femi Otedola, Donates Fully Built Engineering Facility To University

Lukman Omikunle - March 1, 2023

•Lays foundation stone for phase 2 The billionaire magnate may be likened to a diviner of fortune or a commander of enterprise who does the...

Femi Otedola Splashes £5m On House For Daughter, DJ Cuppy As Birthday Gift

newsheadline247 - November 13, 2022

Billionaire businessman, Femi Otedola, has splashed £5 million on a country home to celebrate his daughter, DJ Cuppy, who marked her birthday. DJ Cuppy, born...

Business Mogul, Femi Otedola Expends €3m on Aristotle Onassis Luxury Yacht to Celebrate 60th Birthday

newsheadline247 - November 3, 2022

The gap between the rich and the poor is as wide as the Grand Canyon. From the ways they live in opulence and style...

Just In: Femi Otedola Appointed Vice President Of Save The Children

newsheadline247 - November 22, 2021

Magnanimity is seldom a strong suit of Nigerian billionaires. But nature does not use a one-size-fits-all approach which is why Billionaire Chairman of Geregu Power Plc....

Charismatic Billionaire, Femi Otedola now majority shareholder of FBNH [REPORT]

newsheadline247 - October 22, 2021

Otedola has been acquiring the shares of the bank through a vehicle, Calvados Global Services Ltd. Charismatic billionaire investor, Femi Otedola, is reportedly to be...

Ex-lawmaker Farouk Lawan bags seven-year jail term for taking $500,000 bribe from billionaire Femi Otedola

newsheadline247 - June 22, 2021

The court has earlier dismissed Lawan’s preliminary objection against the trial that has spanned nine years. A former federal lawmaker, Farouk Lawan, has been...

Femi Otedola: Appreciating God’s kindness through charity [Report]

newsheadline247 - October 31, 2020

REPORT Otedola believes if people who are as rich, some even richer than himself, can be willing to let go part of their wealth for...

Femi Otedola picks Sadiq Daba’s medical expenses

newsheadline247 - July 22, 2019

Billionaire businessman Femi Otedola has taken up the medical expenses of ailing Nollywood actor, Sadiq Daba. In a statement on Sunday, Otedola said he was...

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