By Dipo Olowookere One of the leading energy companies in the country, Ardova Plc, has exited the Nigerian Exchange (NGX) Limited, Business Post reports. The firm is leaving the country’s main stock exchange after it requested to quit the platform and stop the public trading of its shares at the NGX. Recall that in February… Continue reading Ardova Quits Nigerian Exchange After Delisting
Tag: forte oil
Forte Oil Shareholders Told to Suspend Proposed Sale of Shares
By Dipo Olowookere Shareholders of Forte Oil Plc intending to sell their shares to a major investor in the company, Ignite Investments and Commodities Limited, have been told to pause the action for now. Ignite Investments is proposing to buy up to 500,000 units of the energy company’s shares from shareholders at the price of… Continue reading Forte Oil Shareholders Told to Suspend Proposed Sale of Shares
Akinfemiwa Leaves Forte Oil as Adeosun Becomes CEO
By Dipo Olowookere Leading energy company, Forte Oil Plc, has announced changes in its management team following the exit of its chairman, Mr Femi Otedola. The business mogul had announced on Wednesday that the sale of his 75 percent holdings in Forte Oil to another investor had scaled through. On Thursday, the company, in a… Continue reading Akinfemiwa Leaves Forte Oil as Adeosun Becomes CEO
Femi Otedola Completes Sale of Forte Oil, Exits as Chairman
By Modupe Gbadeyanka Nigerian oil mogul, Mr Femi Otedola, has announced the completion of the sale of his energy company, Forte Oil Plc. In a post on his verified Instagram page on Wednesday, the Chairman of Forte Oil Plc, a firm listed on the Nigerian Stock Exchange (NSE), said he was exiting the business so… Continue reading Femi Otedola Completes Sale of Forte Oil, Exits as Chairman
Forte Oil to Pay Interim Dividend of N1.15k June 10
By Dipo Olowookere The board of Forte Oil Plc has announced that the company will pay its shareholders an interim dividend of N1.15k per share on Monday, June 10, 2019 for the period ended March 31, 2019. In a statement yesterday, the energy company said the payment is mainly for shareholders whose names appear in… Continue reading Forte Oil to Pay Interim Dividend of N1.15k June 10
2019: Forte Oil Chief Femi Otedola to Contest Lagos Guber Under PDP
By Dipo Olowookere Reports reaching us indicate that Chairman of Forte Oil Plc, one of the companies listed on the Nigerian Stock Exchange (NSE), Mr Femi Otedola, will contest the governorship election in Lagos State next year. Publisher of The Boss newspaper and the popular Ovation Magazine, Mr Dele Momodu, disclosed on Tuesday that Mr… Continue reading 2019: Forte Oil Chief Femi Otedola to Contest Lagos Guber Under PDP
Forte Oil to Exit Ghana, Sell Nigerian Assets
By Dipo Olowookere One of the leading energy firms in Nigeria, Forte Oil, is planning to divest from Ghana and focus more on its core fuel distribution operations in Nigeria. In addition, the company is looking at selling its upstream services and power businesses in Nigeria. The company, majority owned by billionaire Femi Otedola, had… Continue reading Forte Oil to Exit Ghana, Sell Nigerian Assets
Forte Oil Posts N5b Profit in 9 Months Despite 20% Drop in Revenue
By Modupe Gbadeyanka One of the leading oil and gas firms in Nigeria, Forte Oil Plc, on Friday, October 13, 2017, released its financial statements for the first nine months of this year. In the financial results released to the Nigerian Stock Exchange (NSE), the company recorded a 20 percent drop in its revenue for… Continue reading Forte Oil Posts N5b Profit in 9 Months Despite 20% Drop in Revenue
Forte Oil Suspends Plans to Raise N20b Via Book Building
By Modupe Gbadeyanka The board of directors of Forte Oil Plc has announced the suspension of plans to raise N20 billion from the capital market. In June this year, Forte Oil said it was planning to raise N20 billion from foreign investors as a public offer for shares through a book building process to help… Continue reading Forte Oil Suspends Plans to Raise N20b Via Book Building
GCR Affirms Forte Oil Issuer, Bond Ratings At A-(NG)
By Modupe Gbadeyanka The national scale issuer ratings assigned to Forte Oil Plc of A-(NG) and A1-(NG) in the long term and short term respectively have been affirmed by Global Credit Ratings (GCR) with the outlook accorded as Stable. Concurrently, the Series 1 Fixed Bond rating has been affirmed at A-(NG) and placed on Stable… Continue reading GCR Affirms Forte Oil Issuer, Bond Ratings At A-(NG)