- Iran Sets Steep Conditions for Reopening Strait of Hormuz
- Netanyahu Rejects U.S. Gaza Plan, Says No Withdrawal Until Hamas Fully Disarmed
- XRP Crashes as Spot ETF Inflows Sink on Cooling Buying Appetite
- Investors Warned: Read Between Bessent’s Three Moves This Week
- Money Market Rates Mixed on 36% Banking System Liquidity Surge
- Crude Oil Prices Mixed as U.S.-Iran Negotiate Indirectly
- Taraba Government Dismisses N1.2trn Debt Claims
- CBN to Offer N700 bln in Nigerian Treasury Bills for Subscription
Author: Marketforces Africa
MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.
FBNH Hits N729bn as Oba Otudeko Acquires 14% Stake FBN Holdings Plc hit about N729 billion in market valuation as Oba Otudeko reclaims moved to return as board chairman with the acquisition of a 14% interest in the financial services group. In a statement posted on its website, Honeywell Group Limited told regulatory authorities that it bought 4,770,269,843 shares of FBN through its affiliate company, Barbican Capital Limited. With less than 6% owned by Femi Otedola, according to an audited report for 2022, Otudeko has doubled down and possible retaliation by existing interest could push FBNH market value above N1…
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