popizaino:
mumu for everything you think igbo represent in nigeria with so much noise and chest beating only some fraction of Osun state indigenes (ejigbo and iwo )represent that too in ivory Coast one of the best economic in west africa and we don't brag about it which should ring a bell in your deaf ears of how industrious yorubas are and the pace they set besides who even deceive you that you even control any trade across the federation? keep fooling your tribe men and not we.

ofai:


I didn't know the truth will hurt you this much....Lol....Pele o...

The Geregu Plant is a 414MW gas plant (3 x 138MW, Open Cycle gas turbines) located in Geregu, near Ajaokuta in Kogi State. Its expected productivity is 90%. The plant was commissioned in 2007 and was meant to boost electricity generation in the country.

PRIVATIZATION: In 1999, the Federal Government of Nigeria (FGN) began an aggressive restructuring of the power sector, with several aims, including introduction of efficient, private sector standards and management principles, and methodology, leading to reliable power. In 2001, the FGN approved a National Electric Power Policy (NEPP), followed in 2005 by the Electric Power Sector Reform (EPSR) Act.

EPSR Act provides the legal authority for the unbundling of Nigeria’s power utility as well as the introduction of a new, regulatory scheme managed by the Nigerian Electricity Regulatory Commission (NERC), an independent regulatory commission, to guarantee open access and ensure efficiency throughout the industry.

Outright sale option was adopted by the Bureau for Public Enterprises in the sale of Geregu phase I which was culminated on the 1st of November 2013. The new owners are Amperion Power Ltd. http://iwin.org.ng/index.php/news/itemlist/category/179-generation-company-genco

kn23h:
Aje House, Ibadan, Nigeria





Competition winning entry for the redevelopment of Aje House - an iconic modernist tower at the heart of Ibadan’s Central Business District - and adjoining parcels to create SMART offices and a mix of supporting facilities.

As part of an invited design competition, a Master Plan has been prepared for the redevelopment of a core area of Downtown Ibadan in Oyo State, Nigeria. This includes the rennovation of Aje House - a 14 storey tower, podium and cluster of smaller buildings and structures amounting to 2,560 m2 of prime commercial space.

Within the resultant proposal, the core of the existing structure is retained while the podium is extended to provide a range of supporting retail, commercial and hospitality activities and present a ‘front door’ to Lebanon Road; one of Ibadan’s commercial spines. A separate structure seeks to accommodate parking requirements while a roof top restaurant, bar and lounge frames a view to Mokola Hill and Agobi Gardens.

For more information, please follow this link: https://placemakenow./2016/05/05/spring-update/ or email us at media@place-make.com

“While my competitors were sleeping, I was busy strategizing. I was liberal too. My strategy was; high volume, little margin. I was very excited at this point. However, I knew that at some point the government would fix the power issue (diesel is mainly used for generators during power cut) and I needed to move a step forward,” he said.

In what proved a wise move to cushion the business, Otedola's firm Zenon, bought a 28.7% stake in the African Petroleum. Zenon invested aggressively across the financial sector becoming the second largest shareholder in Zenith Bank, largest individual shareholder at the United Bank for Africa (UBA) and many more banks in Nigeria, as banks sought share capital, following a new directive from the reserve bank, many approached Otedola. He rolled the dice in the knowledge he was playing safe.

Then, the worst happened – the crude oil prices plunged from $146 to $36 in 2008.

“We took a very big hit and I lost about %1.5 million, plus interest, in the process. When the oil prices were dropping, I saw it all coming. I could see myself losing big money. I had diesel worth $400 million on the high seas. It didn’t look good. I’m a capitalist though. It was great, while the money was rolling in. Now that I lost so much, it was also time to face the tune.

It was a very low time for me and I explored different options, including suicide, but ultimately, I knew I had to solve this problem. My debts had to be paid.”

“The same banks that had once sent pretty sales ladies to get money from me for their accounts in the past, were now sending tough looking men to knock at my door to get me to pay my debts in the morning."

He had also started selling his bank shares, before the big plunge. It dragged on for four years. “The most important lesson I learnt, is that no one is invincible. No matter how high up there you are today, you can lose it all tomorrow if you’re not on top of your game."

In the restructuring, Africa Petroleum became Forte Oil. “I then brought in a crop of fresh young talented guys to take over. I wanted fresh, brilliant minds and ideas. I wanted to build an institution based on the best corporate governance practices; a whole new direction.” https://theeagleonline.com.ng/femi-otedola-the-billionaire-who-bounced-back-by-forbes/

laudate:
While Femi Otedola is seen as a successful oil czar, his admirers do not realise that success did not just fall into his laps, but it took a lot of hard work and challenges, for him to make a headway in business.

Several years back, Otedola was the second largest shareholder in the downstream oil firm, Texaco. But his plans to buy the company was cut short, when MRS Oil beat him to it and took over the oil company's assets. He retreated and focused more on the diesel market by setting up his own company, Zenon Petroleum and Gas Limited. It turned out to be a great business decision. He also set up a logistics arm with a fleet of trucks and named it F.O Transport. With just one stroke, he took control of the entire chain. He later went further to diversify into property and a number of other large companies. It all paid off.

He now has a downstream oil firm in Ghana, known as AP Oil & Gas Ghana Limited (APOG) and also owns Forte Upstream Services Limited (formerly African Petroleum Oilfield Services -APOS) which operates in the upstream petroleum services sector.

At one time he was listed as owing over millions of US dollars to Nigerian banks. The shares of his company's stock plummeted, and he fell off the list of Africa's richest businessmen. Otedola reshuffled his finances and paid off every cent, according to the Asset Management Corporation of Nigeria (AMCON). The rise in net worth was helped by a spike in the share price of his company, Forte Oil where he owns an 80% shareholding. In 2015, he sold a 17 per cent stake in Forte Oil Plc to Mercuria Energy Group, a Swiss privately held international commodity trading company active over a wide spectrum of global energy markets for about $200 million USD.

Today, Femi Otedola, owns a $53.5-million home in the heart of the exclusive Knightsbridge district in London. He also has a fleet of custom Roll Royce cars in London, and Mercedes fleet in Nigeria, together worth $7.7 million. In the offshore waters of Lagos, his sleek, custom-made, $19.5 million yacht berths within the Victoria Island lagoon. Otedola was the second Nigerian to make the FORBES billionaires list in 2009.
_{https://theeagleonline.com.ng/femi-otedola-the-billionaire-who-bounced-back-by-forbes/}

reality1010:
Yorubas r trying but far far way behind d Igbos in terms of ingenuity etc.Igbos r d African Capitalist&Mercantilists. That's that spirit in them.If you give them space the Isrealis will be shocked.You tried in d thread,e ma gbe lo!

The new hotel will alleviate mid-week room shortages in a market where demand is expected to grow as new investments flow into the region. It will also diversify business tourism facilities, contribute to Port Harcourt’s emergence as a business center for the oil industry, and lead to more hotel investment as existing hotel accommodation improves to meet competition and generate demand for services and supplies. The hotel will create approximately 140 direct jobs.

The sponsor is JDI Investment Company Limited, a Nigerian company owned by Messrs. Koye Edu and Gbolahan Balogun through Moorhouse Properties Ltd. The hotel will be managed by the Accor Group, one of the largest hotel networks in the world, which operates approximately 3,200 hotels in over 140 countries under a variety of brand names, including Sofitel, Novotel, Ibis, Thalassa, Motel 6, etc. http://ifcext.ifc.org/ifcext/pressroom/ifcpressroom.nsf/1f70cd9a07d692d685256ee1001cdd37/c77a43ccad938c2a85256a7d0053b5f4

laudate:
@Deomello, Osaretin Afusat Demuren is Edo.

laudate:
@Deomello, Osaretin Afusat Demuren is Edo.

deomello:
You are right, she's the wife of the former Director General of the Nigerian Civil Aviation Authority. Dr. Harold Demuren

Wemy Industries is a Nigerian company involved in manufacturing and distribution of hygiene products, within the Fast-Moving Consumer Goods (FMCG) market in Nigeria. It was founded by Pastor Ademola Odunaiya and his wife, late Dr. (Mrs.) Aderonke Odunaiya in 1978 It is notable for being the first manufacturer of baby diapers in Nigeria and West Africa. It commenced operation in 1981.