Tag: Forte Oil

Just In: Femi Otedola finally exits Forte Oil to chair new company

Chairman of Forte Oil Plc., Femi Otedola has announced his exit from the petroleum marketing company to narrow his focus and interest on a power generation business, following the sale of…

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Otedola no longer a billionaire – Forbes

Nigerian businessman Femi Otedola has fallen off the billionaire cadre of entrepreneurs. According to Forbes, Otedola who is the Chairman of Forte Oil, suffered the plunge as he lost $1.3bn following…

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Tanker crushes driver to death in Lagos

A tanker in the early hours of Sunday crushed a man to death at Ikorodu roundabout in Lagos, The Nation reports. The accident occurred at about 3am when the tanker…

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How NNPC, Tinubu, Adenuga, Otedola, Ubah, others owe Nigerian govt N86bn

The federal government is being owed at least N86.4 billion as at July 21, 2016 by marketers of petroleum products, according to Premium Times. The major culprits are members of the…

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Fuel scarcity looms as long queues appear in #Lagos filling stations

by Kelechi Anabaraonye and Hycinth Iyereosa In various parts of Lagos, long queues are beginning to appear at fuel stations, as motorists have to wait for hours before getting their…

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Mavin First lady, Tiwa Savage turns pump attendant (PHOTOS)

by Damilola Jagun Singer, Tiwa Savage, has taken up one of her responsibilities as brand ambassador for Forte Oil Petroleum Company. Tiwa was spotted working as a fuel attendant in…

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Forte Oil and Oando are in a tango, but are trying to keep sealed lips

by Tunji Andrews The excitement that was short lived on Thursday about the second largest down stream sector player in Nigeria, buying over the downstream assets on the largest indigenous…

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Daddy’s (not so) little girl: Billionaire Femi Otedola’s daughter poses with him on the cover of Genevieve (LOOK)

by Akan Ido You don't get to see billionaire oil magnate, Femi Otedola on magazine front covers everyday so this explains our excitement. And he's not alone, the Zenon Oil…

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Elumelu, Otedola, others take over power generation plants

by Isi Esene The financial bid process for the Power Holding Company of Nigeria successor Generation Companies attracted a number of notable businessmen such as Tony Elumelu, Femi Otedola and…

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