LAGOS DECEMBER 25TH (NEWSRANGERS)-Nigerian businessman, Femi Otedola, has agreed to sell the entirety of his 75 per cent direct and indirect shareholdings in Forte Oil. In a letter sent to the Nigerian Stock Exchange and signed by Akinleye Olagbende, the general counsel of Forte Oil, Otedola said he was divesting from the company in order…
LAGOS NOVEMBER 17TH (NEWSRANGERS)-The presidential candidate of the Peoples Democratic Party, Atiku Abubakar, says he will sell the Nigerian National Petroleum Corporation and retain just 10 per cent of the company for the Federal Government. Atiku said this in an interview with The African Report, a monthly publication. Atiku, who presided over the National Council…
LAGOS FEBRUARY 20TH (NEWSRANGERS)-Nigeria will sell all assets seized by the government in anti-graft probes and use the funds to bolster the treasury, President Muhammadu Buhari said on Monday. Nigerian state coffers have in past years been ransacked by government officials and their associates, and corruption is prevalent throughout society. Buhari was elected in 2015…