By Dipo Olowookere
A businesswoman, Mrs Osibogun Bosede Adebola, has purchased over a million units of FBN Holdings stocks.
Mrs Adebola is a non-executive director on the board of directors of the oldest financial institution in Nigeria.
On Friday, at the Nigerian Stock Exchange (NSE), the product of the University of Ibadan, Oyo State initially bought about 202,487 units of the company’s shares at N4.85 per unit and later acquired additional 940,250 units at N4.70 each.
The two transactions, according to a disclosure from the company, resulted in her accumulating a total of 1,142,737 units of the stocks at the sum of N5.4 million.
Business Post reports that FBN Holdings has witnessed a transformation in recent times, especially with its non-performing loans (NPLs) going down significantly.
Some analysts at the market have tipped the company’s shares to begin to record gradual growth at the equity market after years in the dungeon.
Recall that recently, the Group Managing Director of FBN Holdings Plc, Mr Urum Kalu Eke, added additional 5 million stocks of the company to his portfolio.
Mr Eke, who is a respected banker, bought the additional shares on Wednesday, April 29, 2020, a disclosure from FBN Holdings confirmed.
He was said to have acquired the stocks at a unit price of N4.50, amounting to a total of N22.5 million for the transaction.
Mrs Adebola, who has been at the head of six different companies and currently holds the position of Managing Director at Davidfinn Global Concept Ltd. Ms. Osibogun is also on the board of Imowo Microfinance Bank Limited.
She headed the Chartered Institute of Bankers of Nigeria (CIBN) and is President of Consumer Awareness Financial Enlightenment Initiative and member of Institute of Directors.
She previously was Managing Director at Coop Savings & Loans Ltd., President at Mortgage Banking Association of Nigeria, Member of Real Estate Developers Association of Nigeria and Managing Director at Skye Trustees Ltd.
