Business News

Otedola Sells Forte Oil, Moves To Power Generation

Google+ Pinterest LinkedIn Tumblr
Femi Otedola sells Forte Oil

Nigeria’s renowned Oil magnate, reveals that he’s finally concluded plans to sell off his “Forte Oil”.

The billionaira via his verified Instagram handle made this known stating that his next line of business is .

Otedola wrote:

A few years ago, my team and I embarked on an arduous task of transforming a moribund petroleum marketing business, African Petroleum Plc (formerly British Petroleum) into Forte Oil Plc; a leading integrated solutions provider with solid footprints in downstream petroleum marketing, Upstream Services and Power Generation and one in which we built intrinsic value to the benefits of our shareholders.

In line with my principle of business focus, we have divested from our marketing and upstream businesses and shall from now on focus and consolidate on the gains of our power generation business, Geregu Power Plc. We wish our successors the very best and urge them to build on our legacies which have been established since 1964 🙏🏿 …F.Ote💲

Olumide Anifowose

A graduate of Anthropology, University of Cape Coast.

FOOD + MUSIC + INTERNET = LIFE!
Olumide Anifowose
TalkGlitz on Twitter

CLICK HERE To Receive Updates On WhatsApp

TRENDING FOREIGN SONGS NOW

Lil Nas X - Old Town Road

Chris Brown ft. Drake - No Guidance

Khalid - Talk

Lil Dicky - Earth

Drake - Omertà 

Migos - Stripper Bowl

Nicki Minaj - Megatron

Joyner Lucas - Devil's Work

DJ Khaled - "Higher" ft. Nipsey Hussle, John Legend

Joyner Lucas ft. Logic - "ISIS"

Cardi B - Press

TRENDING NAIJA SONGS NOW

Burna Boy - Anybody

Fireboy DML - Jealous

Sarz - Good Morning Riddim

Olamide - Oil And Gas

Burna Boy - Dangote

Fireboy DML - What If I Say

Rema - Corny

Larry Gaaga ft. Wizkid - Low

Skiibii - Daz How Star Do

Naira Marley ft. Zlatan - Am I A Yahoo Boy

TOP PICKS 🔥

5 Key Reasons For Visa Rejection

Top Mistakes To Avoid During A Visa Interview

7 Things Entrepreneurs Can Do To Stay Motivated

5 Beneifts Of Using Technology To Drive Your Business

Recession In Nigeria: Possible Ways To Survive In Business & Trade

Join our Telegram Group

Write A Comment