Bowarol acquires 4 million units of FBN Holdings shares

Bowarol Investment Limited, a company related to Adebowale Oyedeji, Group Managing Director, FBN Holdings has acquired 4 million units of the company’s shares at N28.09 per share.

These shares were purchased on December 30, 2024 and December 31, 2024 according to January 8 notification of share dealing by insiders of FBN Holdings.

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Bowarol Investment Limited acquired 250,000 shares at N28 per share; 9,414 shares at N28.05 per share; 1,782,100 shares at N28.10 per share; and 1,958,486 shares at N28.20 per share.

Oyedeji was appointed the Group Managing Director of FBNHoldings in October last year and his appointment took effect November 13 subject to the approval of the Central Bank of Nigeria and ratification of the Shareholders at the Annual General Meeting of the Company.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with over 18 years journalism experience writing on banking, finance and capital markets. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).

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