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Nairaland Forum / Nairaland / General / Politics / See Nigeria Billionaira Femi Otedola Who Lost $400 Million In 9 Weeks(PHOTO) (1336 Views)
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See Nigeria Billionaira Femi Otedola Who Lost $400 Million In 9 Weeks(PHOTO) by mydream23(f): 7:10am On May 04, 2016 |
Nigerian billionaire femi otedola lost $400 million in 9 weeks Nigerian billionaire Femi Otedola has lost more than $400 million of his personal fortune over the last 9 weeks as the stock price of Forte Oil, the Nigerian-listed energy behemoth he controls, shed off 43.5% in value within that period. In late February the share price of Forte Oil hit an all-time high of N342 per share after the Lagos-based utilities and petroleum marketing company released its impressive 2015 FY results and declared an attractive dividend of N3.45 per share. However, as at close of trading today (Tuesday), its share price has dropped to N193.46 after recording consistent daily losses over the past few weeks. Otedola, who is the company’s controlling shareholder, has seen his paper net worth drop from $1.6 billion when FORBES published its annual ranking of the World’s Billionaires in March, to $1.2 billion today, according to the FORBES’ real-time billionaire scorecard. >>>>>Please Continue Reading Below..... source: http://www.blebleblog.com/2016/05/nigerian-billionaire-femi-otedola-lost.html?m=0 1 Like 1 Share
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Re: See Nigeria Billionaira Femi Otedola Who Lost $400 Million In 9 Weeks(PHOTO) by mydream23(f): 8:03am On May 04, 2016 |
still imaging |
Re: See Nigeria Billionaira Femi Otedola Who Lost $400 Million In 9 Weeks(PHOTO) by megaosasu: 9:03am On May 04, 2016 |
I think is good for him |
Re: See Nigeria Billionaira Femi Otedola Who Lost $400 Million In 9 Weeks(PHOTO) by mydream23(f): 12:08pm On May 04, 2016 |
abi? |
Re: See Nigeria Billionaira Femi Otedola Who Lost $400 Million In 9 Weeks(PHOTO) by megaosasu: 1:23pm On May 04, 2016 |
Ask he take get all these money self? |
Re: See Nigeria Billionaira Femi Otedola Who Lost $400 Million In 9 Weeks(PHOTO) by kayfra: 1:28pm On May 04, 2016 |
Well, he won't diversify. |
Re: See Nigeria Billionaira Femi Otedola Who Lost $400 Million In 9 Weeks(PHOTO) by mydream23(f): 1:46pm On May 04, 2016 |
ask am where the money from coming |
Re: See Nigeria Billionaira Femi Otedola Who Lost $400 Million In 9 Weeks(PHOTO) by megaosasu: 2:37pm On May 04, 2016 |
See men way dey handle naija |
Re: See Nigeria Billionaira Femi Otedola Who Lost $400 Million In 9 Weeks(PHOTO) by megaosasu: 2:57pm On May 04, 2016 |
I tell u. Na dem get the naija |
Re: See Nigeria Billionaira Femi Otedola Who Lost $400 Million In 9 Weeks(PHOTO) by mydream23(f): 3:03pm On May 04, 2016 |
see as dem they call the amount self... man dey hungry ooo |
Re: See Nigeria Billionaira Femi Otedola Who Lost $400 Million In 9 Weeks(PHOTO) by megaosasu: 3:10pm On May 04, 2016 |
The thing dey fear me too oooo |
Re: See Nigeria Billionaira Femi Otedola Who Lost $400 Million In 9 Weeks(PHOTO) by mydream23(f): 3:20pm On May 04, 2016 |
dey wonder how them take they control all this money ... |
Re: See Nigeria Billionaira Femi Otedola Who Lost $400 Million In 9 Weeks(PHOTO) by megaosasu: 3:27pm On May 04, 2016 |
Tell then make dem make u the account |
Re: See Nigeria Billionaira Femi Otedola Who Lost $400 Million In 9 Weeks(PHOTO) by mydream23(f): 3:34pm On May 04, 2016 |
sho... u funny oooo |
Re: See Nigeria Billionaira Femi Otedola Who Lost $400 Million In 9 Weeks(PHOTO) by megaosasu: 3:39pm On May 04, 2016 |
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