Tuesday, June 24, 2025
  • REPORT A STORY
  • PRIVACY POLICY
  • CONTACT
WITHIN NIGERIA
  • HOME
  • FEATURES
  • NEWS
  • ENTERTAINMENT
  • FACT CHECK
  • MORE
    • VIDEOS
    • GIST
    • PIECE (ARTICLES)
No Result
View All Result
WITHIN NIGERIA
  • HOME
  • FEATURES
  • NEWS
  • ENTERTAINMENT
  • FACT CHECK
  • MORE
    • VIDEOS
    • GIST
    • PIECE (ARTICLES)
No Result
View All Result
WITHIN NIGERIA
No Result
View All Result
  • HOME
  • FEATURES
  • NEWS
  • ENTERTAINMENT
  • FACT CHECK
  • MORE

Otedola finally sells off 75 percent of his shares in Forte oil

by OGBENI .O
June 19, 2019
in National
Reading Time: 1 min read
A A
0
Femi Otedola

Femi Otedola

Share on FacebookShare on Twitter

Business mogul, Femi Otedola, has sold off his 75 per cent stake in Forte Oil.

Recall that the business mogul had in December 2018 announced his plan to sell all of his 75% shares in the company’s downstream business as he seeks to focus on refining and petrochemicals.

In a message he posted on Wednesday, Otedola said the process had been completed.

According to him: “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.

READ ALSO

Democracy Day Turns Protest Day: Nigerians decry hardship, ask Tinubu to fix economy

INTERVIEW: My Reason For Writing “A COUNTRY IN TEARS”—Enugu-based writer explains

OSINACHI: Refusal of governors to sign death sentence makes justice blurry in Nigeria

SPECIAL REPORT: Inside Story Of How Banks, ATM Charges Worsen Nigerians’ Economic Woes

TRIBUTE: Doyin Okupe: Son Of Banker Who Laced Medical Profession, Journalism, Politics With Great Efficiency

“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.”

RELATED STORYPosts

National

Democracy Day Turns Protest Day: Nigerians decry hardship, ask Tinubu to fix economy

by Sodiq Lawal Chocomilo
June 13, 2025
National

INTERVIEW: My Reason For Writing “A COUNTRY IN TEARS”—Enugu-based writer explains

by Nnadi Christopher Ikechukwu
May 27, 2025

Discussion about this post

POPULAR THIS WEEK

No Content Available
No Content Available
WITHIN NIGERIA

WITHIN NIGERIA MEDIA LTD.

NEWS, MULTI MEDIA

WITHIN NIGERIA is an online news media that focuses on authoritative reports, investigations and major headlines that springs from National issues, Politics, Metro, Entertainment; and Articles.

Follow us on social media:

CORPORATE LINKS

  • About
  • Contacts
  • Report a story
  • Advertisement
  • Content Policy
  • Privacy Policy
  • Terms
 
  • Fact-Checking Policy
  • Ethics Policy
  • Corrections Policy
  • WHO IS WITHIN NIGERIA?
  • CONTACT US
  • PRIVACY
  • TERMS

© 2022 WITHIN NIGERIA MEDIA LTD. designed by WebAndName

No Result
View All Result
  • HOME
  • FEATURES
  • NEWS
  • ENTERTAINMENT
  • FACT CHECK
  • MORE
    • VIDEOS
    • GIST
    • PIECE (ARTICLES)

© 2022 WITHIN NIGERIA MEDIA LTD. designed by WebAndName