US EditionFemi Otedola to receive $1.6 million dividend from FirstHoldco
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Femi Otedola to receive $1.6 million dividend from FirstHoldco
Key PointsFemi Otedola to earn $1.6 million in dividends from his 11.8% stake in FirstHoldCo, Nigeria’s oldest banking group.FirstHoldCo declared a $15.7 million dividend after record 2024 earnings of $663.7 million and net profit of $487.5 million.Otedola also received $11.2 million from Geregu Power, as the energy firm’s profit surged on 65% revenue growth.After leading FirstHoldCo, the parent company of Nigeria’s oldest bank, First Bank of Ni…
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