Billionaire businessman and Chairman of Forte Oil Plc, Femi Otedola, has announced that the company has sold all shares in it’s downstream operations to focus on their power generation business which is Geregu Power Plc.
He made this disclosure via his verified Instagram handle today, June 19th.
Forte Oil operates majorly in the downstream sector of the oil and gas industry.
Air Peace Expands Route Options For Lagos-London Service
FG Pays ₦205bn Electricity Subsidy, DisCos’ Remittance Performance Declines
FG Initiates Disbursement Process for Presidential Conditional Grant Programme
Dangote Petroleum Refinery Announces Significant Reduction In Diesel Price