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Nigerian billionaire, Femi Otedola, the Chairman of FBN Holdings has regained his position as the majority shareholder of First Bank.

He now holds a 9.41% stake in the bank, after acquiring N18.9 billion worth of the group’s shares in the NGX today.

Otedola previously held a 7.01% stake in the bank, behind Oba Otudeko’s Barbican Capital Limited which holds an 8.67% stake.

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