Femi Otedola, a significant shareholder and chairman of First HoldCo Plc, has increased its stake in the company with the acquisition of additional 64,878,668 million shares valued at N2,011,238,708. FBN Holdings disclosed the acquisition in two separate documents as required by the post listing requirement of the Nigerian Exchange Limited, NGX. According to the documents, signed by Adewale L. O. Arogundade, the Company Secretary, Otedola purchased 39,313,379 shares at N31 per share, valued at N1,218,714,749 on September 23, 2025. On the same day, Otedola acquired an additional 25,565,289 shares, valued at N792,523,959 through Calvados Global Services Limited. Consequently, Otedola’s direct…
Author: Complete Lagos
Over 19 buildings were on Thursday pulled down at the New Mandela Plaza, within the popular Trade Fair Complex in Lagos, as the state government moved in with a heavy security presence to carry out a massive demolition exercise. It was observed that the demolition exercise was carried out under heavy security, with a convoy of trucks from the Lagos State Task Force, Rapid Response Squad, and tactical teams were stationed around the plaza. The stern-looking officers restricted access to the premises and sent away traders who attempted to record the exercise. At the time of filing this report, selective…
Lagos-based non league side Tonic Football Club have unveiled five of its players that were recently signed up by FC Esmoriz of Portugal. Tonic FC was founded six months ago with FC Esmoriz of Portugal as the parent club. The club participated in the recently-concluded NLO championship and narrowly missed out on promotion. According to the General Overseer of Tonic FC, Prince Dapo Ajibade, the team is essentially aimed at discovering and developing young and fresher talents from the grassroots level. “Tonic FC is a veritable football factory based in the lovely Ikorodu community of Lagos State. This is just…
Residents of FESTAC Town in the Amuwo Odofin Local Government Area of Lagos State have demanded an urgent intervention from the state and federal governments to address years of neglect in the once-celebrated housing estate. Speaking during a protest on Saturday under the Take Back FESTAC Movement, the residents highlighted issues ranging from bad roads, blocked drainage, infrastructure decay, illegal shanties, and rising insecurity. The protesters who marched through major avenues in the housing estate and wore shirts with bold inscriptions, such as “TakeBack FESTAC-Amuwo” and “Our Voice, Our Power,” specifically lamented the state of the roads and drainage system.…
The Vice Chairman of Badagry West Local Council Development Area, Princess Oluremi Ajose, is dead. Her death was confirmed on Sunday in a condolence statement released by the Executive Chairman of Olorunda LCDA, Ajose Kumayon. Princess Ajose, the daughter of His Royal Majesty, Oba Oyekan Possi Ajose, the Alapa of Apa Egun-Awori Kingdom, died barely two months after she was sworn in alongside the Badagry West LCDA Chairman, Rauf Ibrahim Kayode Yemaren, popularly known as RIKAY. It was gathered that Ajose died on Saturday and her remains have since been deposited at a morgue. Kumayon described her passing as a…
Zenith Bank Plc has posted a profit before tax (PBT) of N625.63 billion for the half-year ended June 30, 2025. In a filing on the Nigerian Stock Exchange (NGX), the company’s board approved an interim dividend of N1.25 per share, representing a 25% increase from the N1.00 paid in H1 2024. Gross earnings rose 20% year-on-year to N2.5 trillion, driven by a 60% surge in interest income to N1.8 trillion, up from N1.1 trillion in H1 2024. The company attributed the growth to strategic repricing of risk assets and effective treasury management.
Politicians and public figures in and beyond Amuwo Odofin, Lagos State, Nigeria have been visiting the residence of Alhaja Memunat Ajao, the President, National Council for Women Societies (NCWS), Lagos State chapter, to conmeserate with her on the death of her beloved daughter, Alhaja Sarat Folashade Ajao. Folashade Ajao was a former Secretary to the Amuwo Odofin Local Government Council before joined Federal Inland Revenue Service (FIRS). Her remains has since been buried according to Islamic rites. First, a candle night procession took off at the Festac Extension, Alaba Express to the Fatgbems Filling Station through the new road and…
The Federation Account Allocation Committee on Wednesday said the Federal Government, states, and Local Government Councils shared a total of N2.225trillion as August 2025 revenue, representing an increase of N224.118billion or 11.2 per cent compared with the N2.001ttillion distributed for July. The Office of the Accountant General of the Federation, in a statement on Wednesday by its Director of Press and Public Relations, Bawa Mokwa, explained that the allocation was made at the FAAC meeting held in Abuja. “A total sum of N2.225trillion, being August 2025 Federation Account Revenue, has been shared to the Federal Government, states, and the Local…
President Bola Tinubu has announced the end of the six-month state of emergency imposed on Rivers State, declaring that Governor Siminalayi Fubara, his deputy, Ngozi Nma Odu, and members of the State House of Assembly will return to office from Thursday, September 18, 2025. Tinubu, in a statement released on Wednesday by the Presidency, said the state of emergency, first proclaimed on March 18, 2025, was necessary to arrest the “total paralysis of governance” that had gripped Rivers at the time. “It therefore gives me great pleasure to declare that the emergency in Rivers State of Nigeria shall end with…
Nine people have been rescued and five others resuscitated following a fire at Afriland Tower, a storey building that housed a lot of businesses on Broad Street, Lagos Island. The Lagos State Fire and Rescue Service disclosed this in a statement on its X handle, Tuesday evening. It explained that some occupants escaped without injury. “A total of nine victims have been rescued. Five individuals have been successfully resuscitated. “Several others escaped unhurt while efforts are currently ongoing to resuscitate remaining four individuals,” the agency said. In an earlier report, the Service said the blaze began in the building’s basement…