The business fortunes of businessman and Chairman of Forte Oil Femi Otedola is yet to stabilise.
In a dramatic situation, the man was kicked off Forbes Africa’s list of billionaires.
For a lot of people, the unpredictable business terrain, fall in price of his company shares and recession is responsible for the man’s misfortunes.
The man is not expected to bounce back suddenly, as the gradual recovery which is expected of his business have not been seen.
Basically, his oil company has failed to improve with share price at the stock exchange plummeting daily.
As it is, the question of how soon fortune will begin to smile at Otedola again is not out of place.
Recall Otedola had a spell of bad business some years back before he reorganised himself, settled his bank loans and bounced back.
Post Views: 1,475
