Tag: Forte Oil

Ardova’s executive director for finance, Moshood Olajide, has been named to take the position.

The appointment was approved by the Central Bank of Nigeria as well as the shareholders of the financial services group, ...

The settlement followed a ruling last October by the London Court of International Arbitration.

Forte Oil operates mostly in the downstream sector of the oil and gas industry.

While the government’s embargo on fuel supply to communities 20 kilometres within the country’s land borders has not entirely stopped ...

The market capitalisation of listed equities grew by N150 billion to close at N15.142 trillion against N14.992 trillion posted on ...

The market capitalisation grew by N23 billion to close at N12.905 trillion against N12.882 trillion posted on Monday.

The Presidential Election Petition Tribunal on Tuesday delivered judgement on the petition filed by the PDP and its candidate.

The government had in May stopped customers’ ownership of cylinders as well as barred the refilling of gas cylinders by ...

Heineken suddenly transferred the Managing Director of Nigerian Breweries, Nico Vervelde, to Singapore shortly after Nigerian police interrogated him for ...

The All-Share Index lost 118.11 points or 0.43 per cent to close at 27,306.81 compared with 27,424.92 achieved on Thursday.

The announcement was contained in a disclosure notice sent to the Nigerian Stock Exchange on Monday.

The market capitalisation which opened at N13.689 trillion lost N48 billion to close at N13.641 trillion.

The announcement was contained in a disclosure notice sent to the Nigerian Stock Exchange, NSE, Thursday.

Billionaire Femi Otedola divested from the downstream sector of Forte Oil.

The market capitalization, which opened at N13.120 trillion shed N3 billion, closing at N13.117 trillion against N13.120 trillion on Wednesday.

The billionaire says he will now concentrate on his power generation business

The market capitalisation rose by N40 billion to close at N11.464 trillion from the N11.424 trillion achieved on Friday.

The market capitalisation rose by N117 billion to close at N11.124 trillion compared with N11.007 trillion recorded on Thursday.

Mr Otedola says he is also exploring petrochemicals.

Publisher of Ovation magazine, Dele Momodu, reveals this via his Twitter handle.

Total assets rose to N153 billion in contrast with N147 billion posted in the previous period.

Forte Oil recorded the highest loss to lead the laggards’ table, dropping by N2.10 to close at N23.10 per share.

The firms include Oando, Aiteo, MRS, and Capital oil.

The move comes as a surprise for a company that recently announced plans to aggressively pursue opportunities along the energy ...