The President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has said that his friend and billionaire businessman, Femi Otedola, is welcome to take over Dangote Cement. ADVERTISEMENT Dangote stated this on Friday at the Dangote Cement customers appreciation event in Lagos. Introducing some dignitaries, Dangote urged everyone to welcome Otedola, who is the company’s newest…
Nigerian business man and billionaire. Femi Otedola has offloaded 2.8 million units of his Geregu Power Plc shares. Truetells Nigeria understands that Otedola, who is the majority shareholder of Geregu Power Plc offloaded the shares in transactions that took place on Monday and Tuesday. It was learnt that the sales of the shares in the power generation company…
Nigerian businessman Femi Otedola has opened up about why he sold out all his Transcorp shares. Truetells Nigeria reports that Otedola, who is just commenting for the first time after the Transcorp transaction said he meant well for the business, but others had other ideas in mind. It would be recalled that recently, the billionaire divested his newly…
FEMI Otedola has aroused shareholders’ interest in the shares of Transnational Corporation Plc (Transcorp) with his recent acquisition of shares in the company, to initiate what could be quite some competition with Tony Elumelu for controlling power in the conglomerate. Otedola had acquired 5.52 per cent or 2.245 billion shares of the overall total market…
Owners of foreign-registered private jets have sued the Federal Government over a plan to ground their jets for allegedly refusing to pay import duty running to over N30bn. Truetells Nigeria reports that the owners of the private jets include senior pastors of some popular Pentecostal churches, top business moguls, leading commercial banks, and other rich…
Nigerian billionaire business mogul, Femi Otedola spent €3million, which is over N2.2billion, to rent Aristotle Onassis’ Christina O super luxury yacht ahead of his 60th birthday. In celebration of his 60th birthday which holds this Friday November 4th, the astute businessman and Chairman of Geregu, rented the super yacht belonging to one of his childhood…
Isreal Afeare has continued to apologize for the allegations he made about DJ Cuppy after she revealed Zlatan had blocked her on all platforms. Truetells Nigeria learnt that Isreal, who is Davido’s aide, has now gone on his knees to beg for forgiveness after alleging DJ Cuppy didn’t pay Zlatan “ordinary one kobo” after their…
