Siemens News

Femi Otedola. Credit: AFP/Getty Images

Nigerian billionaire Femi Otedola's Forte Oil signs $83M contract with Siemens

Forte Oil, Nigeria’s largest petroleum marketing company which is majority-owned by billionaire Femi Otedola, has signed an $83 million contract with Siemens to upgrade its 414-megawatt gas-fired power plant situated in Kogi State in Nigeria’s central region.