Femi Otedola sold his majority stake in Geregu Power Generation Company, which confirmed a default in its SEC listing.

The entities involved

• Femi Otedola →

  Nigerian businessman

  • Mike Adenuga, founder of Globacom, was photographed with Femi Otedola, while Bella Disu holds an executive role.Fri 23:12
• Securities and Exchange Commission →

  government agency of the Philippines

  • BlackRock, the manager of the iShares Core MSCI EAFE ETF, has made required filings with the Securities and Exchange Commission regarding institutional holdings.Mon 16:42
  • Filing required regarding institutional holdings for Schwab Emerging Markets Equity ETF and Waterford Advisors LLC with the SEC.Mon 16:38
• Nigeria →

  sovereign state in West Africa

  • Nigeria's Federal Capital Territory Administration is tightening security measures in the nation's capital, Abuja.Mon 17:52
  • Program coverage includes the capital territory of Abuja.Mon 17:52

Related events

• Geregu Power Plc is a company in Nigeria, and Femi Otedola acquired it in 2013.Aug 26
• The electricity sector in Nigeria faces major financial instability, leading to intervention by the Nigerian Electricity Regulatory Commission (NERC).Aug 26
• The Securities and Exchange Commission (SEC) is confirmed as the securities regulator for Nigeria.Sep 22
• NERC transferred regulatory oversight of the electricity market to the state body, as Akwa Ibom undergoes power sector decentralization.Aug 19
• Nigerian government bears the cost of energy security.Jul 22