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First Bank Holding Confirms Femi Otedola As A Significant Shareholder - Business (4) - Nairaland

Nairaland Forum / Nairaland / General / Business / First Bank Holding Confirms Femi Otedola As A Significant Shareholder (31467 Views)

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Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by Carlyscales: 4:21pm On Oct 24, 2021
toblosky:
Taught you have to have atleast 51% for a full takeover
Not in d case of bank.

An individual can't have more than - 5% in person and 15% via proxy -of a banks total shares, or so.

He's currently the single individual with d highest shares of FBN.
So should ideally become d bank chairman.
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by TempUser: 4:50pm On Oct 24, 2021
Folaoni:

Are you a Python programmer?
Yes boss, still learning
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by TempUser: 4:50pm On Oct 24, 2021
MT:


This is too procedural� Embrace object orientation for code reusability �

How do you mean boss?
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by TempUser: 4:50pm On Oct 24, 2021
Offpoint1:

Missed programming... I believe this is PHP
Python
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by Offpoint1: 4:55pm On Oct 24, 2021
TempUser:

Python
The similarity is too close men... Anyways, programming all have one thing in common.

1 Like

Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by TempUser: 4:56pm On Oct 24, 2021
Freethinker87:


Nice work.

A few observations though. You didn't declare the variables first. Next time declare the variables first before assigning the values, it'll make your work easier.

int main ()
{
float book_price, shipping_cost, etc
int books_ordered
}

Also try not to use 'underscore' when defining variables, instead use BookPrice in place of book_price, it's easier to write, read and debug.

And lastly, books_ordered is an integer, I know it doesn't matter a lot but it does. Good work nonetheless, happy coding!

Thanks boss, still on the basics. I named the variables according to PEP8
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by TempUser: 4:57pm On Oct 24, 2021
Offpoint1:

The similarity is too close men... Anyways, programming all have one thing in common.
True that!
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by Xbs1: 5:46pm On Oct 24, 2021
Really
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by Freethinker87: 5:50pm On Oct 24, 2021
Druss:
5 per cent and some people are calling him most influential ... Education.

The topic of shares is much more complex than Nigerians think and 5% is indeed significant, however, is it enough to control strategic and operational decisions of the bank? It depends.

What type of shares?
How many voting rights does it have?
What's in the article of association?

The truth is no one knows until the next general meeting. A 5% stake in a publicly traded company is quite significant and can make you very influencial among the board of directors.
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by Halo22: 7:35pm On Oct 24, 2021
To be frank, this is an insult on Otedola. How could they deny him his position 48hours ago only to go back to their reject later on. If I was Otedola, I will just fire the PR officer or better still, demote him cos I detest rubbish.

1 Like 1 Share

Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by Folaoni(m): 7:53pm On Oct 24, 2021
TempUser:

Yes boss, still learning
Good one.
Same here.

1 Like

Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by Lightorder: 8:40pm On Oct 24, 2021
I love good news and this is one of them. More strength sir
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by oneunited(m): 10:47pm On Oct 24, 2021
TempUser:
#First we define the variables
book_price = float(input("Enter Book Price: "wink)
discount_rate = float(input("Enter Discount in %: "wink)
shipping_rate = float(input("Enter Shipping Cost per book: "wink)
books_ordered = float(input("Enter the number of books ordered: "wink)

#Then let's make some calculations of discount price,shipping and the total cost
discount_price = (book_price * discount_rate / 100)
shipping_cost = (shipping_rate * books_ordered)
total_cost = ((book_price - discount_price) * books_ordered) + (shipping_cost * books_ordered)

#Now we print our statements as required:
print("Cost of Book : ", book_price)
print("Less discount price: ", discount_price)
print("Shipping cost : ", shipping_cost)
print("Number of Books ordered : ", books_ordered)
print("Total Wholesale Cost : ", total_cost)

Thats python!!!

1 Like

Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by adisaigbo1(m): 10:51pm On Oct 24, 2021
Silent doings NOT gra gra
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by Nobody: 12:44pm On Oct 25, 2021
Carlyscales:


He's currently the single highest shareholder of d Bank shares.

Ideally he's supposed to become the chairman of the the bank

But He isnt even the highest shareholder. Adenuha owns about 6% while Hassan-Odukale owns 5.3%

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