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Friday, February 13, 2026
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CATEGORY

Wealth

Otedola Doubles Down as Billionaire Chairman Raises First HoldCo Stake to 18%

Femi Otedola, the billionaire Chairman of First HoldCo Plc, has significantly consolidated his control over Nigeria’s oldest financial institution (First Bank of Nigeria), raising...

Single Shareholder Takes ₦10bn Bet on GTCO’s Growth With Private Placement

Guaranty Trust Holding Company Plc (GTCO) has allotted a ₦10 billion private placement to a single, undisclosed institutional investor. Sources tell MoneyCentral the stake...

Otedola Spends ₦14.8 Billion to Boost First HoldCo Stake to 16.98%

The Chairman of First HoldCo Plc, Femi Otedola, has acquired ₦14.8 billion worth of additional shares marking a significant consolidation of power in Nigeria’s...

Six Relatives of Aradel CEO Gbite Falade Acquire Shares Worth N205 Million in Major Insider Buy

Six members of the family of Adegbite Falade, the Managing Director and CEO of Aradel Holdings Plc, purchased 293,600 units of the company’s shares...

Adaora Umeoji Spends N732 Million to Increase Zenith Bank Stake, Signals Bullish Growth Outlook

Zenith Bank CEO/ Group Managing Director Dr. Adaora Umeoji has splashed N732.6 million ($488,000) to purchase eleven million (11 million) new shares of the...

End of an Era: Warren Buffett to Retire His Legendary Annual Letter to Berkshire Shareholders

Warren E. Buffett’s letters to shareholders, part of Berkshire Hathaway’s annual reports since 1965, are regarded as a source of wisdom for future investors. Unfortunately,...

Renting vs. Buying Property in Lagos: Your 2025 Decision Guide

BY ICONIC REALTY The ₦32 Million Question: Two Colleagues, Two Choices, One Clear Winner In 2019, two Lagos professionals earning similar salaries made different housing decisions....

Enko Capital Secures $100 Million to Fund Private Credit Strategy Targeting Africa

Enko Capital, an Africa-focused hedge fund, has raised $100 million for its private credit strategy for mid-sized firms. The alternative asset manager, which oversees $1.3...

Elon Musk Becomes First Person to Reach $500 Billion Net Worth

Tesla CEO Elon Musk on Wednesday became the first person ever to achieve a net worth of nearly $500 billion, propelled by a rebound...

Access Bank Struggles While CEO Buys $20 million Mansion on London’s Billionaires Row

Roosevelt Ogbonna, chief executive officer of Access Bank Plc, bought a mansion for £15 million ($20 million) on a street in London’s Hampstead neighborhood...

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