Femi Otedola Buys More Shares in FBN Holdings
Billionaire investor, Femi Otedola, FBN Holdings Plc chairman has acquired more shares in the group, according to latest director dealing notice submitted to the Nigerian Exchange.
A total of 797,946, 415 shares of FBN Holdings were acquired at N21.58 on the open floor yesterday, dragging the share price downward as others were selling.
FBNH is trading at about 55% discount to its 52 week high, creating opportunity to buy the company cheaper than it would have been when the price peaked. Zenith Bank Trends Negative on NGX
