donates N5bn as Dangote gifts N100m to DJ Cuppy Foundation

Otedola donates N5bn as Dangote gifts N100m to DJ Cuppy Foundation

Billionaire business mogul, Femi Otedola, has donated N5 billion to the Cuppy Foundation, a philanthropic project of DJ Cuppy, his singer daughter, Florence Otedola. Mr. Otedola, who was represented by another one of his daughters, Tolani, made the announcement during the ‘Gold Gala,’ an event by his daughter, at Transcorp Hilton Hotel, Abuja, on Sunday Read more


Forte Oil: Shareholders task new management on sustainable dividends

Some shareholders of Forte Oil (FO) Plc on Tuesday tasked the new management of the company on continuous payment of dividend and adherence to good corporate governance. The shareholders made the demand in an interview with the News Agency of Nigeria (NAN) in Lagos on expectations from the new management team following Mr Femi Otedola’s Read more

Brands Business

Otedola set to acquire Forte Oil upstream after selling downstream

Chairman of Forte Oil Plc, Femi Otedola, has expressed interest in buying assets in the company’s upstream and power generating businesses. The decision was made known in a notice sent to the Nigerian Stock Exchange (NSE), signed by Akinleye Olagbende, Forte Oil’s company secretary, on Tuesday. According to the notice, the firm obtained approval from Read more

Featured National News

Subsidy Scam: Femi Otedola exposes ex-President Jonathan in trial of Farouk Lawan

True words are not defined by the volume of a man’s voice, but by the consequence of his choices. Ask Femi Otedola. The billionaire magnate would never use gilded words to masque deceit neither does he brandish fickle principles and statistics to conclude with a false truth. Unlike many a rabble-rouser, who flashes documents to Read more

Featured News Politics

2019: Billionaire Femi Otedola to confront APC, Ambode in Lagos governorship poll

Billionaire, Femi Otedola is said to have accepted the Peoples Democratic Party’s  (PDP) offer to contest against the ruling All Progressives Congress (APC) in the 2019 Lagos state governorship election. The Publisher of Ovation magazine, Dele Momodu, revealed that Mr Otedola “personally confirmed” the news to him that he will run against the Lagos incumbent Read more