Otedola Becomes FBN Holdings Chairman
==========

Femi Otedola has been appointed as the new chairman of FBN Holdings Plc. The Nigerian stock market ended January 2024 with a positive note despite a closing-day loss of N1.068 trillion. Otedola's appointment follows the departure of Alhaji Ahmad Abdullahi. Otedola is a visionary entrepreneur with a track record of pioneering businesses and transforming corporations. He has experience in the oil and gas industry, power sector, and various other interests. The Nigerian stock market started the year on a bullish note, driven by positive sentiment from corporate earnings expectations. The All-Share Index gained 36.11% in January, and market capitalization rose by N14.440 trillion. The sectoral performance was positive, with the NGX Industrial Goods recording the highest rise of 96.43%. Capital market analysts expect mixed sentiments and profit-taking to continue in February. The stock market experienced a downturn, with losses recorded in medium and large capitalised stocks. The total volume traded increased by 15.44% in January.

#FbnHoldings #StockMarket #FemiOtedola #Nigeria

https://leadership.ng/otedola-becomes-fbn-holdings-chairman/