The struggle to control assets of Nigeria’s oldest bank, FBN Holdings Plc, is not over as strong indications emerged, yesterday, that billionaire businessman and chairman of Geregu Power Plant, Femi Otedola, has acquired 110 million units of the bank’s shares worth N2 billion in a fresh deal. The units represent …
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Business mogul, Femi Otedola, has sold off his 75 percent stake in Forte Oil. The billionaire businessman hinted in 2018 the plan to sell off his 75 percent stake to “maximise the opportunities in refining”. In a message he posted on Wednesday, Otedola said the process had been completed. APC …
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Latest ranking of the world’s richest people by Forbes has shown that oil tycoon and Nigerian Business mogul, Femi Otedola‘s net worth has plunged from $1.8 Billion to $550 Million as recession beat down a massive drop in the stock price of Forte Oil, the Nigerian Stock Exchange-listed petroleum marketing company. As …
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