Akin akinfemiwa biography of michael jackson
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OWNERS OF THE DARKNESS GENERATORS...
Owners of Electricity Assets in Nigeria
1. Transcorp/Woodrock Consortium (Ughelli Power Plant)
Mr. Tony Elumelu, Mr. Obinna Ufudo (CEO, Transcorp Group) Mr. Adeoye Fadeyibi
$300 million :Power Generation
2. Amperion Power Distribution Limited (Geregu Power Plant)
Mr. Femi Otedola (Chairman, Forte Oil), Mr. Akin Akinfemiwa (CEO, Forte Oil)
$132 million
Power Generation
3. Mainstream Energy Solutions Limited (Kainji Hydro Electric Plant and Jebba Hydro Station)
Col. Sani Bello (Chairman, Mainstream), Alhaji Ismaila Isa (Vice Chairman, Mainstream), Brig Gen. Tunde Ogbeha (Director, Mainstream)
$170 million
Power Generation
4. North South Power Company Limited
(Shiroro Power Station)
Eng. Olubunmi Peters
$111.7 million
Power Generation
5. KEPCO Energy Resources Limited
(Egbin Power Station)
Mr. Tonye Cole (CEO, Sahara Energy Group), Mr. Tope Shonubi
$407.3 million
Power Generation
6. NEDC/KEPCO Consortium
Asset:
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Forte Oil, a leading Nigerian petroleum marketing company, has successfully raised N9 billion from a bond offering, according to a statement released on Friday. The company said the funding will be used to refinance existing short term bank loans and fund retail outlet expansion.
“With the raising of this initial capital which has been fully underwritten shows the confidence the investing public has in Forte Oil Plc as an investment of choice,” said Akin Akinfemiwa, Forte Oil’s Group CEO. “This bond programme being the first in the downstream sector, is testament to Forte’s position within the downstream sector and allows the company actualise the vision of the Board to continue to provide value to its shareholders regardless of the economic climate.”
Forte Oil said the five-year bond is the first tranche of a proposed N50 billion bond issuance programme. The bond will be listed on the Nigerian Stock Exchange and the FMDQ OTC Exchange u
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Meet 24 Nigerian billionaires in oil and gas industry
The Nigerian oil and gas industry is a cornerstone of the nation’s economy, significantly impacting both regional and global energy markets, with several billionaires shaping its landscape through substantial investments and strategic leadership.
Nigeria, as Africa’s largest oil producer, contributes about 2.5 million barrels per day to the global oil supply as of 2023, positioning it as a key player in the industry. Oil exports account for over 90% of the country’s foreign exchange earnings and roughly 70% of government revenue.
According to the National Bureau of Statistics, the oil and gas sector contributed 6.21% to the real GDP in Q1 2023.
Read also: Meet the richest people from 14 states in Nigeria
Despite its robust output, the sector faces challenges such as fluctuating global oil prices, which have seen significant volatility over recent years. For instance, oil prices fell dramatically in ear