Femi Otedola To Sell His Forte Oil Shares - Business (2)

Femi Otedola To Sell His Forte Oil Shares - Business (2) - Nairaland

Nairaland Forum › Nairaland General › Business › Femi Otedola To Sell His Forte Oil Shares (35626 Views)

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Re: Femi Otedola To Sell His Forte Oil Shares by AntiWailer: 4:19pm On Dec 24, 2018

See them happy about possible downfall of a rich man and they pray to be rich some day in life grin

He want to invest in Dangote's refinery. Read between the lines.

19 Likes

Re: Femi Otedola To Sell His Forte Oil Shares by Wheezdwisdom(m): 4:19pm On Dec 24, 2018

How much did he donate to Gej reelection in 2015 again....he could not reap the kind gesture back because of the change in government. Me I want to buy 50k share sha

1 Like

Re: Femi Otedola To Sell His Forte Oil Shares by IrepChrist: 4:19pm On Dec 24, 2018

Wow ....great
Jesus loves you all please repent...

Re: Femi Otedola To Sell His Forte Oil Shares by IrepChrist: 4:19pm On Dec 24, 2018

Wow ....great
Jesus loves you all please repent...

Re: Femi Otedola To Sell His Forte Oil Shares by Yankee101: 4:20pm On Dec 24, 2018

Run away if you have shares there too

They grow rich on insider information

3 Likes

Re: Femi Otedola To Sell His Forte Oil Shares by Baselm: 4:21pm On Dec 24, 2018

A wise investor knows when to sell and when to divert investment. Dangote also sold Dangote noodles sometimes ago,these guys are wise,give it to them

10 Likes

Re: Femi Otedola To Sell His Forte Oil Shares by Nobody: 4:21pm On Dec 24, 2018

Friend of Dangote, obviously knows what will happen when the refinery is completed, for sees an end to subsidy.

17 Likes 1 Share

Re: Femi Otedola To Sell His Forte Oil Shares by Zuorom: 4:21pm On Dec 24, 2018

Something new is definitely loading from Otedollar$

Re: Femi Otedola To Sell His Forte Oil Shares by lloyds(m): 4:21pm On Dec 24, 2018

Check the letter; he is divesting from downstream arm of his company. . Not the major revenue source which is upstream.

For many years, downstream in Nigeria hasn't been lucrative/profitable for oil concerns, so his decision is understandable.

5 Likes

Re: Femi Otedola To Sell His Forte Oil Shares by jesmond3945: 4:21pm On Dec 24, 2018

It is safe to say many in this forum are brainless, didn't you see where they gave the reason for sell was the he wants to divest into refining and petrochemicals? What has buhari got to do with somebody's investment decision? The man wants to compete with dangote in the area of refining.

18 Likes 1 Share

Re: Femi Otedola To Sell His Forte Oil Shares by adisabarber(m): 4:22pm On Dec 24, 2018

Maybe he wants to invest in Dangote's refinery

Re: Femi Otedola To Sell His Forte Oil Shares by AllenSpencer: 4:22pm On Dec 24, 2018

JasonScoolari:
Even Otedola is feeling the heat from this useless administration. It was not so during the time of GEJ.

Just see a whole Femi selling his property.

I pray he puts DJ Cuppy up for sale at any online stores, I might consider buying her.

You have headache!

1 Like

Re: Femi Otedola To Sell His Forte Oil Shares by samuellin75(m): 4:24pm On Dec 24, 2018

stephanie11:
@POLITICSNGR

Billionaire Businessman, Femi Otedola is set to sell all his shares in Forte Oil.

PoliticsNGR learnt on Monday afternoon that Otedola announced his intentions to sell his 75% direct and indirect shareholdings in Forte Oil via a notice to the Nigerian Stock Exchange.

Below is a photograph of the notice;

https://politicsngr.com/breaking-femi-otedola-set-dump-forte-oil/

Re: Femi Otedola To Sell His Forte Oil Shares by Nobody: 4:25pm On Dec 24, 2018

JasonScoolari:
Even Otedola is feeling the heat from this useless administration. It was not so during the time of GEJ.

Just see a whole Femi selling his property.

I pray he puts DJ Cuppy up for sale at any online stores, I might consider buying her.

Wailings dogs. PMB blocked their avenues of stealing so they're now wailing. Wail well please. Wail forever. cheesy

2 Likes

Re: Femi Otedola To Sell His Forte Oil Shares by lloyds(m): 4:25pm On Dec 24, 2018

JasonScoolari:
Even Otedola is feeling the heat from this useless administration. It was not so during the time of GEJ.

Just see a whole Femi selling his property.

I pray he puts DJ Cuppy up for sale at any online stores, I might consider buying her.

You entire village no go fit buy her wedding gown. You need prayers.

5 Likes

Re: Femi Otedola To Sell His Forte Oil Shares by dante0147: 4:26pm On Dec 24, 2018

Some people on here are just block heads... He says he is selling is shares in the down stream sector of his company and not upstream, midstream.... to explore and maxise in refining and petrochemicals... HE MAY BE trying to build an oil refinery....

4 Likes

Re: Femi Otedola To Sell His Forte Oil Shares by bluecircle470: 4:26pm On Dec 24, 2018

JasonScoolari:
Even Otedola is feeling the heat from this useless administration. It was not so during the time of GEJ.

Just see a whole Femi selling his property.

I pray he puts DJ Cuppy up for sale at any online stores, I might consider buying her.

Jonathan’s era was the foundation of what the economy is today

1 Like 1 Share

Re: Femi Otedola To Sell His Forte Oil Shares by LordKO(m): 4:27pm On Dec 24, 2018*

Lol. See how myopic and malevolent people are disparaging and mocking Otedola - conceit will always remain God's gift to small-minded people. He's taking a wise decision because starting from 2019, the downstream sector of the oil industry will no longer be a goldmine in the country. His divestment decision has nothing to do with neither hard times nor poor government policies.

He's truly a shrewd businessman.

16 Likes 4 Shares

Re: Femi Otedola To Sell His Forte Oil Shares by Nobody: 4:27pm On Dec 24, 2018

Asshurbanipall:
This administration is an evil wind

You mean PDP is the evil wind. You will wail forever. Nigeria will never fall into the hands of thieves again. Anywhere they turn it shall be wailing, wailing, wailing for PDP and their cohorts. Their wailing will know no end. Wail on. cheesy

Re: Femi Otedola To Sell His Forte Oil Shares by Develpeast: 4:27pm On Dec 24, 2018

Very soon I will deactivate my account on nairaland. It has educated me but it is time go for better informative forums. Kids here do not read but want to be first to comment. They know nothing about business but they like to comment. I wish we all get everything we want from spreading stupidity.

25 Likes 2 Shares

Re: Femi Otedola To Sell His Forte Oil Shares by Optimumstandard: 4:28pm On Dec 24, 2018*

Please empower me, I need a small-business grant to kickstart my own computer business center.

Re: Femi Otedola To Sell His Forte Oil Shares by Ogaga87(m): 4:28pm On Dec 24, 2018

Fellow naijaS

The wave of sadness is currently holding Indonesia hostage with heavy down pour of tears flooding the country...

It has been reported that an unannounced TSUNAMI entered the country and has killed over 300 persons

Please pray for them

God bless

Re: Femi Otedola To Sell His Forte Oil Shares by dashing07(m): 4:29pm On Dec 24, 2018

Say baba see what u have done

Re: Femi Otedola To Sell His Forte Oil Shares by AnthonyAk(m): 4:29pm On Dec 24, 2018

abbey621:
Are people stupid or what? Selling shares does not mean you are going bankrupt or broke, the rich are always investing and divesting!

Actually when the owner of a public company liquidates his holdings, it's never a good thing at the very least, it's a sign of a lack of confidence.

Imagine Bezos saying he is selling all his shares in Amazon, that amount of shares alone will saturate the market and drop the stock price.

6 Likes

Re: Femi Otedola To Sell His Forte Oil Shares by DAYOODS(m): 4:29pm On Dec 24, 2018

He should sell it to me

Re: Femi Otedola To Sell His Forte Oil Shares by kufre2010(m): 4:33pm On Dec 24, 2018

Otedola knows that if we mistakenly enter next level the share price will go the lowest minimum

1 Like

Re: Femi Otedola To Sell His Forte Oil Shares by wink2015(m): 4:33pm On Dec 24, 2018

stephanie11:
@POLITICSNGR

Billionaire Businessman, Femi Otedola is set to sell all his shares in Forte Oil.

PoliticsNGR learnt on Monday afternoon that Otedola announced his intentions to sell his 75% direct and indirect shareholdings in Forte Oil via a notice to the Nigerian Stock Exchange.

Below is a photograph of the notice;

https://politicsngr.com/breaking-femi-otedola-set-dump-forte-oil/

DIAMOND BANK "JUJU" DON CATCH AM.

Nigeria's Board Room CEO most times live fake lives, live false lives when they are indeed sinking financially.

This was a man that has invested in SUPER YACHT, hang out with all the BIG GIRLS AND SLAY QUEEN EVEN INTERNATIONAL SLAY QUEEN.

He used to hang out with Aliko Dangote where they embark on spending spree.

The hen have come to roost.

He don Red O.

He is going to lick his wounds like Diamond Bank Chairman, Paschal Dozie.

Re: Femi Otedola To Sell His Forte Oil Shares by salford1: 4:33pm On Dec 24, 2018

This guy is smart.

2 Likes

Re: Femi Otedola To Sell His Forte Oil Shares by toprealman: 4:34pm On Dec 24, 2018

It's DJ Cuppy on the beat

Re: Femi Otedola To Sell His Forte Oil Shares by Nobody: 4:34pm On Dec 24, 2018

I'm not sure how to interpret this development.

Re: Femi Otedola To Sell His Forte Oil Shares by omodapson(m): 4:34pm On Dec 24, 2018

90% of the comments in this post are just dumb. There are so many educated illiterates here... angry

7 Likes

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