Femi Otedola has announced plans to invest $100 million in Dangote Petroleum Refinery via a private placement. This investment is expected to be funded by proceeds from the recent divestment of his shareholding in Geregu Power, an electricity generation company that he took public in October 2022. The move reflects Otedola's strategic interest in the oil and gas sector, particularly in light of the refinery's potential impact on Nigeria's energy landscape.
Related Articles
Don't miss out on breaking stories and in-depth articles.