BusinessThe AP Gambit: How Femi Otedola Turned a Struggling Oil Company Into a Nigerian Business Masterstroke

In 2007, African Petroleum looked like a fading Nigerian oil company. Femi Otedola saw something different: a distressed asset with national reach, brand memory, and hidden value. What followed became one of Nigeria’s most talked-about corporate turnarounds.

April 23, 2026

5 Minutes

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