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Otedola, one of Africa’s billionaires since 2009, played a key role in guiding the group toward this milestone, reinforcing his influence in Nigeria’s financial sector.
With deep pockets and a sharp eye for opportunity, billionaire-backed banks are making a mark in corporate finance, wealth management, and financial inclusion.
Shettima praised FirstBank and its parent company, FirstHoldCo, under Otedola’s leadership, calling the project a testament to commitment innovation, and sustainable development.
“I will be here very soon,” Dangote said, addressing fellow billionaire Femi Otedola. “And I want to congratulate you on this groundbreaking ceremony.”
For Otedola, this is just the beginning. With the new headquarters underway, he is not just reshaping a bank—he is redefining the future of Nigeria’s financial industry.
Beyond his social engagements, Otedola remains focused on leading two of Nigeria’s most influential companies.
From cement and construction to telecoms and finance, Nigeria’s richest businessmen have built empires that extend far beyond the country’s borders.
His $100 million gain comes after an impressive 2024, during which his net worth grew by $600 million
The final dividend for the year ended Dec. 31, 2024, amounts to N21.25 billion ($14.4 million), translating to a payout of N8.5 per share.
The group’s gross earnings surged past $2 billion, further solidifying its place among Nigeria’s leading financial institutions.
This robust result follows a history of consistent financial success, positioning the company at the forefront of Nigeria’s power sector.
FBN Holdings, the parent company of Nigeria’s oldest bank, has thrived under the leadership of Femi Otedola.
Geregu Power, led by Nigerian billionaire Femi Otedola, targets $40 million revenue in Q1 2025 as it builds on robust 2024 performance.
Geregu Power, led by Femi Otedola, wins "Most Compliant Listed Company of the Year" award at the NGX Made of Africa Awards.
Otedola’s generosity has touched lives nationwide, with substantial donations spanning education, health, security, and economic empowerment.
His leadership has helped push the group’s total assets past $16 billion, a milestone for the Lagos-based financial services provider.
