Otedola Divests From Geregu Power, Sells Majority Stake In $750m Deal

Billionaire businessman, Femi Otedola, has sold his majority stake in Geregu Power Plc for N1.088 trillion in a deal financed by a consortium of banks led by Zenith Bank Plc. Otedola, who is also the chairman of First HoldCo Plc, will now concentrate on expanding his interest in the Nigerian banking sector, although he still […]