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Billionaire Magnate, Femi Otedola explains why he sold his shares in forte oil - Hallo friendsBreaking News Today, In the article you read this time with the title Billionaire Magnate, Femi Otedola explains why he sold his shares in forte oil, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article culture, Article News, Article politics, Article sports, We write this you can understand. Alright, good read.

Title : Billionaire Magnate, Femi Otedola explains why he sold his shares in forte oil
link : Billionaire Magnate, Femi Otedola explains why he sold his shares in forte oil

Billionaire Magnate, Femi Otedola explains why he sold his shares in forte oil

A few days ago, Nigerian oil magnate, Femi Otedola via a letter to the Nigerian Stock Exchange announced his decision to sell his 75% direct and indirect shareholdings in Forte Oil.

The news was received with mixed reactions from Nigerians and while responding to a comment on Instagram, Otedola explained the reason for his decision.

In his words, ‘to diversify into other areas of the economy such as petroleum products refining that require huge capital outlay’.

See their exchange below ;

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