By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: Femi Otedola Appointed Chairman Of First Bank Holdings
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | Femi Otedola Appointed Chairman Of First Bank Holdings

Business

Femi Otedola Appointed Chairman Of First Bank Holdings

Tapre Timine
Tapre Timine
Published: June 3, 2025
Last updated: June 3, 2025
2 Min Read
Share
Femi Otedola Appointed Chairman Of First Bank Holdings | Daily Report Nigeria
SHARE

Femi Otedola, a Nigerian businessman, has been appointed as the Chairman of the Board of Directors of First Bank of Nigeria (FBN) Holdings.

The financial institution made the announcement in a corporate filing on the Nigerian Exchange Limited (NGX), notifying investors of the new development.

Otedola’s appointment was confirmed after a recent meeting of the board where he succeeded Alhaji Ahmad Abdullahi.

FBN Holdings added that Otedola came on its board on August 15, 2023, as a non-executive director.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

FBN Holdings described its New Chairman as a visionary entrepreneur.

READ ALSO: Transcorp: Femi Otedola Accuses Tony Elumelu of Betrayal

According to the institution, Otedola’s appointment is effective from January 31, 2024.

FBN Holdings said:

“He is a visionary entrepreneur with a track record of pioneering businesses, growing and transforming corporations.

“His first foray into the downstream sector of the oil and gas industry began with Zenon Petroleum and Gas Limited thus disrupting and redefining standards in the industry.

“He thereafter initiated the purchase of majority shareholding in the then African Petroleum Plc in May 2007 and became the Chairman of the Board on 25 May 2007.

“His vision transformed African Petroleum Plc into Forte Oil Pic (FO PIc). The company grew in leaps and bounds to become a model of the possibilities inherent in Nigeria, winning numerous accolades in recognition of the successful business turnaround, diversified portfollo, prompt financial reporting, strong corporate governance, and Investment of choice within the oil and gas industry.

“In December 2018, he divested from the company by selling his shareholdings to the Ignite Consortium led by Prudent Energy Services Limited and handed over in June 2019 after completing the transaction.”

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:FBNFemi Otedola
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Updates

FIFA World Rankings : Nigeria’s Super Eagles Slip, Still Hold Africa’s Historic Record | Daily Report Nigeria
FIFA World Rankings : Nigeria’s Super Eagles Slip, Still Hold Africa’s Historic Record
Sports
Nigerian on Solo Bicycle Journey to the US Arrives Ghana | Daily Report Nigeria
Nigerian on Solo Bicycle Journey to the US Arrives Ghana
Gists
Bill Gates Features in Comedy Skit with MI Abaga, Broda Shaggi, Layi Wasabi | Daily Report Nigeria
Bill Gates Features in Comedy Skit with MI Abaga, Broda Shaggi, Layi Wasabi
Entertainment
Annie Idibia Reflects on Humble Beginnings, Celebrates Rise in Nollywood | Daily Report Nigeria
Annie Idibia Reflects on Humble Beginnings, Celebrates Rise in Nollywood
Entertainment
Rita Edochie Insists May Still Bears Yul’s Name, Tells Haters They Didn’t Give It to Her | Daily Report Nigeria
Rita Edochie Insists May Still Bears Yul’s Name, Tells Haters They Didn’t Give It to Her
Entertainment

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

Refinery: Dangote Begins Loan Repayment | Daily Report Nigeria
Business

Refinery: Dangote Begins Loan Repayment

June 6, 2025
Nigeria Spent N8.8bn to Restore Vandalized Power Towers –TCN | Daily Report Nigeria
Business

Nigeria Spent N8.8bn to Restore Vandalized Power Towers –TCN

June 6, 2025
Dangote Refinery Gulps 13% of Nigeria Crude Exports – Report
Business

Dangote Opens Up On Petrol Price Reduction, Refinery Investment

June 4, 2025
FIRS files charges against firm for tax evasion | Daily Report Nigeria
Business

FIRS files charges against firm for tax evasion

June 9, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?