Jun 9, 2023
Femi Otedola buys into Transcorp
The acquisition by one of Nigeria's richest men of shares in the conglomerate spanning power generation, hospitality, and oil and gas has se
This latest move by Otedola has sparked interest in the Nigerian power sector, with industry analysts predicting a significant boom in the coming years. The power sector has recently been overhauled, with the government making big efforts to boost power generation and distribution in the country. As a result companies in the sector, are expected to become more profitable, with investors like Otedola positioning themselves to benefit from the surge in new infrastructure and solutions.
