Nigerian Exchange Limited

Insider Dealing: Again, Balogun Olasubomi Increased Shares in FCMB Group

FCMB Founder Increased Shares in FCMB Group

Chief Balogun Michael Olasubomi, the founder of FCMB Group plc, has once again increased his stake in the leading financial institution, according to the latest disclosure from the bank.

Chief Olasubomi, described as a related party, purchased 413,014 shares of FCMB Group on Tuesday at N2.9968 per share in Lagos. Bringing the value of the purchase to N1.238 million.

Also, read Insider Dealing: Balogun Olasubomi, Founder of FCMB Group, Adds 5.12 Million FCMB Shares to His Stake

Before the Christmas holiday, the founder spent N15.331 million on 5.123 million shares. Therefore, Otunba Subomi has now spent N16.569 million on FCMB Group shares in the month of December alone. See the details of the deal below.
Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Share
Published by
Samed Olukoya
4 years ago

Recent Posts

Discordant Tunes Greet 50% Tariff Hike As Subscribers Threaten To Sue NCC

Nigerians have expressed displeasure over the decision of the Nigerian Communications Commission to increase tariffs…

9 hours ago

Beatrice Ekweremadu Returns to Nigeria After Serving Sentence in UK

Mrs. Beatrice Ekweremadu, wife of former Deputy Senate President Senator Ike Ekweremadu, has reportedly returned…

9 hours ago

Nigeria Expands Refining Capacity with MRO Energy’s Delta State Refinery

The Federal Government has taken another step toward boosting Nigeria’s refining capacity with the approval…

9 hours ago

Eko DisCo Set for Transformation as Transgrid Enerco Signs Historic 60% Acquisition Agreement

Transgrid Enerco Limited has signed a Share Purchase Agreement (SPA) to acquire a 60% equity…

10 hours ago

Metering Gap Exceeds 7 Million Despite Multilateral Loans and Government Funds

Despite interventions by the Federal Government and multilateral lenders amounting to over N1.5 trillion, Nigeria’s…

11 hours ago

Petrol Prices Surge to N990 in Abuja, N960 in Lagos as Oil Tops $80 Per Barrel

The Nigerian National Petroleum Company Limited (NNPC) has increased the pump price of petrol at…

12 hours ago