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…
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…
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…
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…
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…
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…
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…
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…
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…