Capital Trust Brokers
Social media
Contact information
Address

6th Floor, St Peter's House, 3 Ajele Street Lagos, Nigeria.

Email

info(at)ctb-ng.com

Phone

+234 709 8119 327

Stock Market

FORTE OIL PLC

FO      15.35 NGN    1.35 ( 8.79 %)

Open
14.00
High
15.35
Low
15.35
Close
15.35
Year High
37.75
Year Low
14.00
Volumn
217,152
Value
3,310,707.80

Ignite Investments to increase stake in Forte Oil

Thu, 29 Aug 2019 07:00:00 GMT — The Punch
Ignite Investments to increase stake in Forte Oil    The Punch Feyisayo Popoola Ignite Investments and Commodities Limited has reviewed plans to increase its stake in Forte Oil Plc by 0.04 per cent. Forte Oi... read more

Forte Oil Plc Releases Document On Take Over Offer By Ignite Investments And Commodities Limited

Wed, 28 Aug 2019 07:00:00 GMT — Proshare Nigeria Limited
Forte Oil Plc Releases Document On Take Over Offer By Ignite Investments And Commodities Limited    Proshare Nigeria Limited Background to the Take-Over Offer. On 24 June 2019, Ignite Investments acquired 970,166,694 Ordinary Shares representing a 74.02% equity stake in Forte Oil ... read more

Forte Oil plans to delist from NSE, reverses takeover offer

Mon, 02 Sep 2019 07:00:00 GMT — Vanguard
Forte Oil plans to delist from NSE, reverses takeover offer    Vanguard THERE are indications that Forte Oil Plc is planning to delist its shares from the Nigerian Stock Exchange, NSE, following the proposed takeover offer by Ignite ... read more

Nigeria: NSE All-Share Index Inches Higher As Market Sustains Positive Performance

Fri, 13 Sep 2019 11:08:05 GMT — AllAfrica.com
Nigeria: NSE All-Share Index Inches Higher As Market Sustains Positive Performance    AllAfrica.com The Nigerian equities sustained its positive performance for the second day with the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rising by 1.01 per ... read more

Nigerian Energy Tycoon Femi Otedola Concludes Sale Of Forte Oil

Wed, 19 Jun 2019 07:00:00 GMT — Forbes
Nigerian Energy Tycoon Femi Otedola Concludes Sale Of Forte Oil    Forbes Nigerian energy tycoon Femi Otedola has concluded the sale of his 75% stake in Forte Oil, a publicly listed oil marketing company, to Prudent Energy, a local oil ... read more

Stock market sustains gains, up N141bn

Thu, 05 Sep 2019 07:00:00 GMT — The Punch
Stock market sustains gains, up N141bn    The Punch Feyisayo Popoola The nation's equities market sustained its gaining streak as the All Share Index advanced by 1.01 per cent to settle at 27426.64... read more

Nigerian Businessman Femi Otedola Sells Controlling Stake In Forte Oil

Tue, 25 Dec 2018 08:00:00 GMT — Forbes
Nigerian Businessman Femi Otedola Sells Controlling Stake In Forte Oil    Forbes Nigerian multi-millionaire businessman Femi Otedola is selling his 75% stake in oil marketing company, Forte Oil, to Prudent Energy, a local oil trading firm. read more

Meet the new board of directors of Forte Oil Plc after Femi Otedola's exit

Tue, 25 Jun 2019 07:00:00 GMT — Pulse Nigeria
Meet the new board of directors of Forte Oil Plc after Femi Otedola's exit    Pulse Nigeria Forte Oil Plc has announced the constitution of its board of directors following completion of acquisition deal from Nigerian Billionaire, Femi Otedola. read more

Investors in selling spree as market loses N263bn

Wed, 11 Sep 2019 03:51:50 GMT — The Punch
Investors in selling spree as market loses N263bn    The Punch Feyisayo Popoola Investors in the nation's stock market have embarked on a selling spree as the market lost N263bn in five consecutive days. High... read more

FO: Proposed Take Over By Ignite Investment and Commodities Limited Still Under Review By Regulators

Fri, 30 Aug 2019 07:00:00 GMT — Proshare Nigeria Limited
FO: Proposed Take Over By Ignite Investment and Commodities Limited Still Under Review By Regulators    Proshare Nigeria Limited Forte Oil Plc announces that the Proposed Offer by Ignite Investment and Commodities Limited (“Ignite Investments†) to other shareholders of Forte Oil is ... read more

Forte Oil gets new CEO, CFO after Otedola’s share sale

Fri, 21 Jun 2019 07:00:00 GMT — The Punch
Forte Oil gets new CEO, CFO after Otedola’s share sale    The Punch 'Femi Asu. Forte Oil Plc has appointed new Chief Executive Officer and Chief Financial Officer following the completion of the sale of Mr Femi Otedola's shares in ... read more

Nigeria: Investors Lose N185 Billion As Equities Market Remains Bearish

Mon, 09 Sep 2019 08:43:20 GMT — AllAfrica.com
Nigeria: Investors Lose N185 Billion As Equities Market Remains Bearish    AllAfrica.com Negative sentiments persisted at the stock market last week, leading to investors losing N184.5 billion. Having recovered three weeks ago, the market slipped ... read more

Investors dump Dangote Cement, MTN shares

Fri, 30 Aug 2019 07:00:00 GMT — The Punch
Investors dump Dangote Cement, MTN shares    The Punch Feyisayo Popoola The equities market declined by N88.3bn on Thursday on the back of major sell-offs witnessed in Dangote Cement Plc, MTN Nigeria C... read more

Guinness leads losers as market sheds N129bn

Thu, 05 Sep 2019 00:00:00 GMT — The Punch
Guinness leads losers as market sheds N129bn    The Punch Feyisayo Popoola The nation's stock market has reversed the gains it recorded in the last two days on the back of losses in Guinness Nigeria Plc a... read more

Stock market records biggest gain in two months

Thu, 22 Aug 2019 07:00:00 GMT — The Punch
Stock market records biggest gain in two months    The Punch Feyisayo Popoola the nation's stock market on Wednesday saw its biggest daily gain in over two months as investors gained N120.7bn at the end of t... read more

GTB, UBA, others near one-year low on NSE

Thu, 29 Aug 2019 07:00:00 GMT — The Punch
GTB, UBA, others near one-year low on NSE    The Punch Feyisayo Popoola The persistent bearish performance of stocks at the Nigerian Stock Exchange in recent times has seen prices of large cap stocks d... read more

Forte Oil Plc - Business Repositioning Signals New Dawn

Fri, 17 May 2019 07:00:00 GMT — Proshare Nigeria Limited
Forte Oil Plc - Business Repositioning Signals New Dawn    Proshare Nigeria Limited After the recent sale of the power and upstream businesses in Nigeria as well as the downstream operation in Ghana, Forte Oil Plc (FO) is well positioned for ... read more

Upstream Services Market 2019 Global Industry Analysis by Type, Well Type, Application, Emerging Technologies, Key Players, Segmentation and Forecast To 2023

Mon, 09 Sep 2019 13:46:50 GMT — MENAFN.COM
Upstream Services Market 2019 Global Industry Analysis by Type, Well Type, Application, Emerging Technologies, Key Players, Segmentation and Forecast To 2023    MENAFN.COM (MENAFN - GetNews) Global Upstream Services Market 2019 Industry research report provides an In-Depth analysis that includes an executive summary, def. read more

Nigeria: Stock Prices' Free Fall Widens Investment Opportunities

Fri, 16 Aug 2019 07:00:00 GMT — AllAfrica.com
Nigeria: Stock Prices' Free Fall Widens Investment Opportunities    AllAfrica.com The Nigerian equity market is offering long-term investors opportunities to invest as most of the stock prices have declined significantly below their opening ... read more

Forte Oil Plc Notifies Of Divestment and Sales Of Its Subsidiaries

Sat, 04 May 2019 07:00:00 GMT — Proshare Nigeria Limited
Forte Oil Plc Notifies Of Divestment and Sales Of Its Subsidiaries    Proshare Nigeria Limited That as part of the steps towards, the divestment from and sale of its subsidiaries in Amperion Power Distribution Company Limited, the company has entered ... read more

Forte Oil Plc Gets CAC Approval For The Extension of Time To Convene Its 40th AGM

Wed, 07 Aug 2019 07:00:00 GMT — Proshare Nigeria Limited
Forte Oil Plc Gets CAC Approval For The Extension of Time To Convene Its 40th AGM    Proshare Nigeria Limited Forte Oil Plc hereby notifies the Nigerian Stock Exchange that it has received the Corporate Affairs Commission's approval for the extension of time to convene ... read more

Forte Oil rallies N8.53b gains on Otedola’s divestment deal

Wed, 19 Jun 2019 07:00:00 GMT — The Nation Newspaper
Forte Oil rallies N8.53b gains on Otedola’s divestment deal    The Nation Newspaper Shareholders of Forte Oil Plc have earned about N8.53 billion in capital gains after the Nigerian Stock Exchange (NSE) gave approval to a N64.9 billion ... read more

Otedola moves to acquire Forte Oil upstream, power firm

Wed, 16 Jan 2019 08:00:00 GMT — The Punch
Otedola moves to acquire Forte Oil upstream, power firm    The Punch The majority shareholder of Forte Oil Plc, Mr Femi Otedola, is planning to buy out the company's upstream services and power distribution firm to b... read more

Forte Oil Plc Notifies of the Resignation of the Company's General Counsel and Secretary

Wed, 03 Jul 2019 08:45:06 GMT — Proshare Nigeria Limited
Forte Oil Plc Notifies of the Resignation of the Company's General Counsel and Secretary    Proshare Nigeria Limited Forte Oil Plc (The Company) hereby notifies the Nigerian Stock Exchange (“The Exchange”), its shareholders and other stakeholders of the Company of the ... read more

We will most likely change our name, says new Forte Oil CEO

Wed, 26 Jun 2019 07:00:00 GMT — TheCable
We will most likely change our name, says new Forte Oil CEO    TheCable Olumide Adeosun, chief executive officer, Forte Oil Plc, says the company will most likely undergo a name change to reflect its new structure. Adeosun spoke at ... read more

'Forte Oil Will Not Delist From NSE'

Tue, 02 Jul 2019 07:00:00 GMT — Leadership Newspaper
'Forte Oil Will Not Delist From NSE'    Leadership Newspaper 'Forte Oil Will Not Delist From NSE' The new management of Forte Oil Plc said the company is not going to delist on the Nigerian Stock Exchange (NSE) or to ... read more

Nigeria in 1min: Economic, Business and Financial Headlines - 020919

Mon, 02 Sep 2019 07:00:00 GMT — Proshare Nigeria Limited
Nigeria in 1min: Economic, Business and Financial Headlines - 020919    Proshare Nigeria Limited Nigeria's Equities Market closed the month of August 2019 southwards as market sentiment sustained negative posture due to continuous sell pressure. T. read more

Forte Oil declares N1.5b interim dividend

Thu, 23 May 2019 07:00:00 GMT — The Nation Newspaper
Forte Oil declares N1.5b interim dividend    The Nation Newspaper The board of directors of Forte Oil Plc has earmarked about N1.5 billion as interim cash dividend to shareholders of the indigenous oil and gas group. read more

Forte Oil postpones AGM

Thu, 25 Jul 2019 07:00:00 GMT — Premium Times
Forte Oil postpones AGM    Premium Times Forte Oil on Wednesday announced the postponement of its 40th annual general meeting. The announcement was contained in a disclosure notice sent to the ... read more

Forte Oil offers power, upstream businesses for sale to unknown firms

Mon, 06 May 2019 07:00:00 GMT — The Nation Newspaper
Forte Oil offers power, upstream businesses for sale to unknown firms    The Nation Newspaper Forte Oil Plc has entered into share sale and purchase agreements to sell its power and upstream businesses in continuation of complicated divestment ... read more

Forte oil names acting secretary, general counsel

Tue, 30 Jul 2019 07:00:00 GMT — Premium Times
Forte oil names acting secretary, general counsel    Premium Times Forte Oil on Monday announced the appointment of a new acting company secretary and general counsel. read more

Forte Oil appoints Adeosun as CEO

Fri, 28 Jun 2019 07:00:00 GMT — Daily Trust
Forte Oil appoints Adeosun as CEO    Daily Trust Forte Oil Plc has appointed a new Chief Executive Officer and Chief Financial Officer following the completion of the sale of Mr Femi Otedola's shares in the firm's ... read more

Forte Oil’s core investor eyes minority shares with N22b bid

Mon, 24 Jun 2019 07:00:00 GMT — The Nation Newspaper
Forte Oil’s core investor eyes minority shares with N22b bid    The Nation Newspaper The new majority core investor in Forte Oil Plc may soon launch a mandatory tender offer (MTO) to take over ordinary shares held by minority shareholders. read more

Ex-staff floors Forte Oil in court, awarded N6.2m

Thu, 02 May 2019 07:00:00 GMT — Daily Post Nigeria
Ex-staff floors Forte Oil in court, awarded N6.2m    Daily Post Nigeria The National Industrial Court, Abuja, on Thursday, converted a summary dismissal of a staff of Forte Oil Plc to termination and ordered the company to pay. read more

Forte Oil Plc: Will Planned Divestment Unlock Value?

Mon, 03 Sep 2018 07:00:00 GMT — Proshare Nigeria Limited
Forte Oil Plc: Will Planned Divestment Unlock Value?    Proshare Nigeria Limited Having received approval from its shareholders in May 2018 to dissolve its subsidiaries, FO released its first financials detailing the performance of both the ... read more

Fire guts Forte Oil station at Lagos airport

Sat, 08 Dec 2018 08:00:00 GMT — The Punch
Fire guts Forte Oil station at Lagos airport    The Punch Maureen Ihua-Maduenyi There was panic on Friday afternoon at the Murtala Muhammed Airport, Lagos as a Forte Oil filling station within the airport... read more

Forte Oil to sell some Nigerian assets, pull out of Ghana

Wed, 02 May 2018 07:00:00 GMT — Reuters
Forte Oil to sell some Nigerian assets, pull out of Ghana    Reuters LAGOS (Reuters) - Nigerian energy firm Forte Oil (FO.LG) said it plans to sell its upstream services and power businesses in Nigeria and divest from Ghana to ... read more

Otedola's planned exit from Forte Oil raises concern on downstream sustainability

Wed, 02 Jan 2019 08:00:00 GMT — Guardian Nigeria
Otedola's planned exit from Forte Oil raises concern on downstream sustainability    Guardian Nigeria With the Chairman of Forte Oil Plc, Femi Otedola, set to sell his entire 75 per cent majority equity stake in the company in a deal estimated... read more

Why I want to sell Forte Oil – Otedola

Thu, 27 Dec 2018 08:00:00 GMT — Daily Trust
Why I want to sell Forte Oil – Otedola    Daily Trust Business mogul Femi Otedola has announced divestment of his 75 per cent shareholding in Forte Oil to maximize opportunities in refining and petrochemicals ... read more

Mercuria Acquires 17% Stake In Nigeria's Forte Oil For $200 Million

Wed, 07 Oct 2015 07:00:00 GMT — Forbes
Mercuria Acquires 17% Stake In Nigeria's Forte Oil For $200 Million    Forbes Mercuria Energy Holdings SA, a Swiss oil trading firm, has acquired a 17% stake in publicly-listed Nigerian petroleum marketing giant Forte Oil Plc for $200 ... read more

What Otedola's divestment from Forte Oil means

Sat, 12 Jan 2019 08:00:00 GMT — Daily Trust
What Otedola's divestment from Forte Oil means    Daily Trust With share price which rose by 9.95 per cent to close at N34.35 per share on Thursday against N31.25 on December 24, 2018, Forte Oil's shares remained ... read more

Major oil marketers speak on scarcity of aviation fuel

Thu, 05 Sep 2019 07:00:00 GMT — Daily Post Nigeria
Major oil marketers speak on scarcity of aviation fuel    Daily Post Nigeria The Major Oil Marketers Association of Nigeria (MOMAN) has urged airlines and air travellers not to panic over aviation fuel scarcity, as members have enou. read more

Forte Oil to sell power unit to Otedola

Fri, 18 Jan 2019 08:00:00 GMT — Vanguard
Forte Oil to sell power unit to Otedola    Vanguard Forte Oil Plc plans to enter into talks to sell its power unit to its major investor, Mr. Femi Otedola, after it failed to secure a deal via a public tender. read more

Forte Oil posted N7.9bn after-tax profit in H1

Tue, 14 Aug 2018 07:00:00 GMT — Punchng
Forte Oil posted N7.9bn after-tax profit in H1    Punchng Forte Oil Plc posted a profit after tax of N7.9bn for the first half of 2018, compared to N4.11bn recorded in the same period last year. The firm'... read more

Nigerian Mogul Femi Otedola No Longer A Billionaire As Forte Oil Shares Fizzle

Mon, 17 Oct 2016 07:00:00 GMT — Forbes Now
Nigerian Mogul Femi Otedola No Longer A Billionaire As Forte Oil Shares Fizzle    Forbes Now Nigerian businessman Femi Otedola's net worth has plunged from $1.8 Billion to $550 Million following a massive drop in the stock price of Forte Oil, the ... read more

Shareholders approve Forte Oil’s restructuring plan

Wed, 30 May 2018 07:00:00 GMT — Punchng
Shareholders approve Forte Oil’s restructuring plan    Punchng 'Femi Asu Shareholders of Forte Oil Plc have approved the plan to restructure the company, subject to the approval of all regulatory authorities. ... read more

Energy group launches new products aimed at prioritising customer convenience

Thu, 13 Sep 2018 07:00:00 GMT — Pulse Nigeria
Energy group launches new products aimed at prioritising customer convenience    Pulse Nigeria Over the years, Forte Oil has been at the forefront of establishing a wide range of value-adding services through which customers can easily purchase the ... read more

FO Declares N650m PAT in Q1 2019 Results; Approves Special Dividend of N1.15 per Share (SP:N34.95k)

Mon, 06 May 2019 08:08:23 GMT — Proshare Nigeria Limited
FO Declares N650m PAT in Q1 2019 Results; Approves Special Dividend of N1.15 per Share (SP:N34.95k)    Proshare Nigeria Limited Forte Oil Plc, Petroleum and Petroleum Products Distributors company in Oil and Gas sector announced 50% Revenue growth in Q1'19 Result. read more

Forte Oil Plc - Earnings Beat On Strong Power Performance

Wed, 11 Apr 2018 07:00:00 GMT — Proshare Nigeria Limited
Forte Oil Plc - Earnings Beat On Strong Power Performance    Proshare Nigeria Limited Fuel segment earnings constrained by tough operating environment • Gross profit across all but Power segment down y/y • Net finance costs moderate 15% y/y ... read more

Femi Otedola sells off stake in Forte Oil

Mon, 24 Dec 2018 08:00:00 GMT — NIGERIAN TRIBUNE
Femi Otedola sells off stake in Forte Oil    NIGERIAN TRIBUNE Femi Otedola, Nigerian billionaire, is set to sell his 75 per cent direct and indirect shareholdings in Forte Oil. read more

Nigeria Lubricants Markets, 2011-2017 & 2018-2022

Wed, 10 Apr 2019 07:00:00 GMT — GlobeNewswire
Nigeria Lubricants Markets, 2011-2017 & 2018-2022    GlobeNewswire Dublin, April 10, 2019 (GLOBE NEWSWIRE) -- The "Nigeria Lubricants Market Outlook to 2022- By Type of Lubricant (Engine Oil, Industrial Oil, Transmission Oil, ... read more

Femi Otedola moves on

Sat, 22 Jun 2019 07:00:00 GMT — Vanguard
Femi Otedola moves on    Vanguard Nigerian News - Billionaire Femi Otedola has announced his exit from Forte Oil, a month after announcing that he would sell his shares to a local oil drilling ... read more

Stock investors lose N352bn in eight days

Thu, 16 May 2019 07:00:00 GMT — The Punch
Stock investors lose N352bn in eight days    The Punch Feyisayo Popoola Investors in the equities market have recorded losses amounting to N352bn following an eight-day losing streak witnessed on the N... read more

Senate approves N69bn subsidy payment for 20 oil marketers

Wed, 29 May 2019 07:00:00 GMT — The Punch
Senate approves N69bn subsidy payment for 20 oil marketers    The Punch Sunday Aborisade, Abuja The Senate on Tuesday approved the payment of N68.9bn as outstanding subsidy claims to 20 petroleum marketers. The break... read more

Otedola donates N18m for Chukwu’s overseas treatment

Thu, 25 Apr 2019 07:00:00 GMT — The Punch
Otedola donates N18m for Chukwu’s overseas treatment    The Punch NFF makes ex-Eagles captain Life Ambassador, Ugwuanyi employs son The Chief Executive Officer, Forte Oil Plc., Femi Otedola, has donated N18m fo... read more

Otedola to invest $1bn in Geregu power plant

Sat, 22 Jun 2019 07:00:00 GMT — TheCable
Otedola to invest $1bn in Geregu power plant    TheCable Femi Otedola, a Nigerian businessman and billionaire, has disclosed plans to shift his focus to power generation. In a series of tweets on his Twitter page on ... read more

Forte Oil Plc: Facts behind the investors’ apathy

Mon, 21 May 2018 07:00:00 GMT — Vanguard
Forte Oil Plc: Facts behind the investors’ apathy    Vanguard By Emeka Anaeto, Business Editor. AS the bear run on equities listed on the Nigerian Stock Exchange, NSE, persists it seems that investors are more in the ... read more

Nigeria’s Dangote Named As Buhari Election Campaign Adviser

Fri, 28 Dec 2018 08:00:00 GMT — Bloomberg
Nigeria’s Dangote Named As Buhari Election Campaign Adviser    Bloomberg Africa's richest man and the owner of Dangote Cement Plc, Aliko Dangote, has been named as an adviser for Nigerian President Muhammadu Buhari's ... read more

Forte Oil diversifies into solar power business

Thu, 07 Dec 2017 08:00:00 GMT — Punchng
Forte Oil diversifies into solar power business    Punchng 'Femi Asu A major player in the nation's downstream oil and gas sector, Forte Oil Plc, has unveiled its alternative solar energy initiative aimed ... read more

Femi Otedola celebrates wife’s birthday

Fri, 02 Aug 2019 07:00:00 GMT — P.M. News
Femi Otedola celebrates wife’s birthday    P.M. News Former chairman of Forte Oil PLC, Nigerian businessman and philanthropist, Femi Otedola, is excited about his wife Nana Otedola, as she marks another year ... read more

Forte Oil Plc - Strong Start to 2017, PBT Rises by 11% YoY

Tue, 15 Aug 2017 07:00:00 GMT — Proshare Nigeria Limited
Forte Oil Plc - Strong Start to 2017, PBT Rises by 11% YoY    Proshare Nigeria Limited Following the release of H1'17 results, we spoke with management to understand the key drivers of its performance, and its outlook for the rest of the year. read more

Shareholders Approve Forte Oil's Divestment Plan From Subsidiaries

Wed, 23 May 2018 07:00:00 GMT — Proshare Nigeria Limited
Shareholders Approve Forte Oil's Divestment Plan From Subsidiaries    Proshare Nigeria Limited Shareholders today approved the divestment plan of Forte Oil Plc from its subsidiaries, as part of its restructuring plan. read more

Investors Alert on Forte Oil Plc: Highly Inflammable Stock?

Tue, 21 Feb 2017 08:00:00 GMT — Proshare Nigeria Limited
Investors Alert on Forte Oil Plc: Highly Inflammable Stock?    Proshare Nigeria Limited In contrast to sector peers, which had a stellar 2016 performance, Forte Oil (FO) grappled with impact of NGN depreciation on dollar loans linked to its power ... read more

Forte Oil Plc: Investors in frosty step up

Mon, 15 May 2017 07:00:00 GMT — Vanguard
Forte Oil Plc: Investors in frosty step up    Vanguard By Emeka Anaeto, Business Editor. Investors in the Nigerian Stock Exchange, NSE, last week, took some frosty steps towards the stock of one of Nigeria's ... read more

NSE: Market indices upbeat, up by 0.62 per cent

Fri, 23 Aug 2019 07:00:00 GMT — Premium Times
NSE: Market indices upbeat, up by 0.62 per cent    Premium Times Trading on the Nigerian Stock Exchange (NSE), for the third consecutive days, maintained a bullish trend to close the week upbeat. read more

Forte Oil to sell upstream, power businesses

Thu, 03 May 2018 07:00:00 GMT — Vanguard
Forte Oil to sell upstream, power businesses    Vanguard Forte Oil Plc has disclosed plans to sell its upstream services and power businesses in Nigeria and divest from Ghana in order to focus on its core fuel ... read more

Folawiyo is richest Nigerian of all time – Otedola

Thu, 20 Dec 2018 08:00:00 GMT — The Punch
Folawiyo is richest Nigerian of all time – Otedola    The Punch Eniola Akinkuotu The Chairman, Forte Oil Plc, Femi Otedola, says the late Chief Wahab Iyanda Folawiyo, is the richest Nigerian that ever lived. O... read more

Oil marketers are making losses, closing shop —MOMAN

Fri, 18 Jan 2019 08:00:00 GMT — The Punch
Oil marketers are making losses, closing shop —MOMAN    The Punch 'Femi Asu The Major Oil Marketers Association of Nigeria has said most oil marketing companies in the country are running at a loss, while many ha... read more

Forte Oil reverses self, list upstream services, power businesses for sale

Sat, 05 May 2018 07:00:00 GMT — Daily Trust
Forte Oil reverses self, list upstream services, power businesses for sale    Daily Trust Oil marketing major, Forte Oil Plc, has disclosed that it planned to sell its upstream services and power businesses in Nigeria and divest from Ghana to focus on ... read more

Nigeria Lubricants Market Outlook to 2022: Increasing Demand for Synthetic Lubricants

Thu, 18 Apr 2019 07:00:00 GMT — PRNewswire
Nigeria Lubricants Market Outlook to 2022: Increasing Demand for Synthetic Lubricants    PRNewswire DUBLIN, April 18, 2019 /PRNewswire/ -- The "Nigeria Lubricants Market Outlook to 2022- By Type of Lubricant (Engine Oil, Industrial Oil, Transmission Oil, ... read more

Forte Oil Posts Pretax Profit Of N10.6bn

Fri, 30 Mar 2018 07:00:00 GMT — Leadership Newspapers
Forte Oil Posts Pretax Profit Of N10.6bn    Leadership Newspapers Forte Oil Posts Pretax Profit Of N10.6bn Forte Oil Plc has posted an impressive growth in its profit before tax to N10.6 billion in the financial year ended ... read more

Shareholders endorse Forte Oil’s divestment plans

Sat, 26 May 2018 07:00:00 GMT — Premium Times
Shareholders endorse Forte Oil’s divestment plans    Premium Times Forte Oil Plc has formerly announced its plan to restructure its operations by divesting from its upstream services and power generating businesses and the sale ... read more

What To Expect From The Markets This Week - 160919

Sat, 14 Sep 2019 07:17:20 GMT — Proshare Nigeria Limited
What To Expect From The Markets This Week - 160919    Proshare Nigeria Limited Saturday, September 14, 2019 08:00 AM / Proshare *Content*. Nigeria: Economic Dashboard @ 130919. Proshare Nigeria Pvt. Ltd. Editor's Pick. Source: Afrinvest ... read more

Nigeria: African Petroleum Re-Brands, Now Forte Oil PLC

Wed, 29 Dec 2010 08:00:00 GMT — AllAfrica.com
Nigeria: African Petroleum Re-Brands, Now Forte Oil PLC    AllAfrica.com Shareholders of African Petroleum (AP) Plc yesterday overwhelmingly approved the change of name of the company to Forte Oil Plc. read more

Forte Oil unveils growth plans for sustainable operations

Mon, 12 Jun 2017 07:00:00 GMT — Guardian Nigeria
Forte Oil unveils growth plans for sustainable operations    Guardian Nigeria Forte Oil Plc, at the weekend, unveiled a strategic growth plan aimed at enhancing business profitability and increasing its market share in the industry. read more

Investors lose N713bn in April as stock market tumbles

Wed, 01 May 2019 07:00:00 GMT — The Punch
Investors lose N713bn in April as stock market tumbles    The Punch Feyisayo Popoola Investors in the nation's stock market lost N713bn in April as the stock market declined further, recording a N135bn loss on Tues... read more

FO Declares N9.13bn PAT in Q3'18 Results; Revenue Grew by 39.4%,(SP:N21.60k)

Wed, 31 Oct 2018 17:11:10 GMT — Proshare Nigeria Limited
FO Declares N9.13bn PAT in Q3'18 Results; Revenue Grew by 39.4%,(SP:N21.60k)    Proshare Nigeria Limited Forte Oil Plc , Petroleum and Petroleum Products Distributors company in Oil and Gas sector announced 39.4% Revenue grow in Q3'18 Result. read more

Investors lose N157.7bn as 43 stocks decline

Tue, 13 Aug 2019 07:00:00 GMT — The Punch
Investors lose N157.7bn as 43 stocks decline    The Punch Feyisayo Popoola At the end of the first week in August, equity investors lost N157.7bn as bearish sentiments dominated the market. Continental R... read more

Forte Oil says Otedola is not the owner of tanker that exploded

Fri, 29 Jun 2018 07:00:00 GMT — Pulse Nigeria
Forte Oil says Otedola is not the owner of tanker that exploded    Pulse Nigeria The company said the public should be more vigiliant regarding impersonation of the billionaire on the internet. read more

No Cause For Panic Over Fuel Scarcity, Oil Marketers Assure Nigerians

Sat, 13 Apr 2019 07:00:00 GMT — SaharaReporters.com
No Cause For Panic Over Fuel Scarcity, Oil Marketers Assure Nigerians    SaharaReporters.com Clement Isong, the Executive Secretary, Major Oil Marketers Association of Nigeria (MOMAN), has assured Nigerians that there is no risk of possible fuel scarcity ... read more

Groups justify Forte Oil divestment from upstream, Ghana businesses

Tue, 08 May 2018 07:00:00 GMT — Guardian Nigeria
Groups justify Forte Oil divestment from upstream, Ghana businesses    Guardian Nigeria That Forte Oil Plc went into a business area it had no core competence in and running out when it got its fingers burnt, is really not a problem for its shareholders, ... read more

Manufacturing firms drive stock market’s N163.8bn gain

Wed, 24 Jul 2019 07:00:00 GMT — The Punch
Manufacturing firms drive stock market’s N163.8bn gain    The Punch Feyisayo Popoola Manufacturing companies listed on the Nigerian Stock Exchange have driven the performance of the bourse to a positive zone as inv... read more

Forte Oil suspends N20b offer

Thu, 21 Sep 2017 07:00:00 GMT — The Nation Newspaper
Forte Oil suspends N20b offer    The Nation Newspaper The board of directors of Forte Oil Plc has decided to suspend the energy group's bid to raise new equity funds. It had earlier secured regulatory approval. read more

Femi Otedola eulogizes late Dad

Mon, 06 May 2019 07:00:00 GMT — P.M. News
Femi Otedola eulogizes late Dad    P.M. News Nigerian businessman, philanthropist, and chairman of Forte Oil PLC Femi Otedola showers praises on his late dad Michael Otedola who was a major ... read more

Senate flays FG for spending N11tn on subsidy in six years

Fri, 31 May 2019 07:00:00 GMT — The Punch
Senate flays FG for spending N11tn on subsidy in six years    The Punch approves additional N129bn subsidy payment to 67 marketers Sunday Aborisade, Abuja The Senate on Thursday flayed the payment of N11tn to oil m... read more

Top 10 CEOs in Africa | Leadership

Fri, 02 Aug 2019 07:00:00 GMT — African Business Chief
Top 10 CEOs in Africa | Leadership    African Business Chief Understanding the success of an organisation often finds its foundation in the CEO who provides direction. Business Chief counts down its top 10 CEOs in Africa ... read more

Eterna: Why we’re expanding as oil majors sell downstream arm

Tue, 12 Feb 2019 08:00:00 GMT — TheCable
Eterna: Why we’re expanding as oil majors sell downstream arm    TheCable Mahmud Tukur, managing director, Eterna Plc, says the company is expanding its downstream operations despite Nigeria's “challenging operating environment” ... read more

Growing calls for reform of downstream oil sector

Thu, 24 Jan 2019 08:00:00 GMT — The Punch
Growing calls for reform of downstream oil sector    The Punch The downstream sector of the Nigerian oil and gas industry is in desperate need of reform as unresolved challenges continue to dampen private secto... read more

Forte Oil reports N61.8 billion revenue in first half 2018

Tue, 07 Aug 2018 07:00:00 GMT — Premium Times
Forte Oil reports N61.8 billion revenue in first half 2018    Premium Times Forte Oil has announced a revenue of N61.8 billion for the half year ended June 30. Akin Akinfemiwa, the company's Chief Executive, said the revenue ... read more

Stock market begins August with N14bn gain

Fri, 02 Aug 2019 07:00:00 GMT — The Punch
Stock market begins August with N14bn gain    The Punch Feyisayo Popoola The stock market witnessed a rebound on Thursday, the first trading day in August, as it gained a meagre N14bn. The market, whic... read more

MOMAN elects Forte Oil Plc GCEO, Akin Akinfemiwa as Chairman

Mon, 07 Mar 2016 08:00:00 GMT — Vanguard
MOMAN elects Forte Oil Plc GCEO, Akin Akinfemiwa as Chairman    Vanguard Group Chief Executive Officer of Forte Oil Plc, Mr. Akin Akinfemiwa, has been elected chairman, Major Oil Marketers Association of Nigeria, MOMAN. MOMAN is ... read more

Stock investors gain N372bn as market cap hits N13tn

Wed, 22 May 2019 07:00:00 GMT — The Punch
Stock investors gain N372bn as market cap hits N13tn    The Punch Feyisayo Popoola. Investors raked in a total of N372bn on Tuesday as the market capitalisation of listed equities on the Nigerian Stock Exchange increased to ... read more

Femi Otedola’s endorsement of Sanwo-Olu is very shocking –Bode George

Sun, 18 Nov 2018 08:00:00 GMT — The Punch
Femi Otedola’s endorsement of Sanwo-Olu is very shocking –Bode George    The Punch Tobi Aworinde, Abuja. Former Deputy National Chairman (South) of the Peoples Democratic Party, Bode George, has expressed shock over the endorsement of ... read more

Forte Oil Expands Downstream Business With New Chevron Partnership

Sun, 20 May 2018 07:00:00 GMT — Leadership Newspaper
Forte Oil Expands Downstream Business With New Chevron Partnership    Leadership Newspaper Forte oil Plc has achieved another milestone in its desire to expand its downstream business in Nigeria. According to the company the collaboration with ... read more

Forte Oil launches Havoline engine oil back to Nigerian market

Mon, 14 May 2018 07:00:00 GMT — The Nigerian Voice
Forte Oil launches Havoline engine oil back to Nigerian market    The Nigerian Voice Indigenous oil giant, Forte Oil Plc., in partnerships with Chevron Lubricants on Thursday re-launched the Havoline engine oil to the Nigerian market. The. read more

BREAKING: Femi Otedola 'Accepts' PDP's Offer To Run Against Ambode

Tue, 11 Sep 2018 07:00:00 GMT — SaharaReporters.com
BREAKING: Femi Otedola 'Accepts' PDP's Offer To Run Against Ambode    SaharaReporters.com According to Dele Momodu, Publisher of Ovation magazine, Otedola “personally confirmed” the news to him, meaning he will run against Akinwunmi Ambode, ... read more

Femi Otedola shows off his girls

Fri, 12 Apr 2019 07:00:00 GMT — P.M. News
Femi Otedola shows off his girls    P.M. News Nigerian businessman, philanthropist, and chairman of Forte Oil PLC Femi Otedola celebrated his daughter Temi Otedola who recently turned 23. read more

Forte Oil expands business into solar energy

Thu, 14 Dec 2017 08:00:00 GMT — The Nation Newspaper
Forte Oil expands business into solar energy    The Nation Newspaper An integrated indigenous oil firm, Forte Oil Plc, has expanded operation into the renewable energy with the inauguration of its solar energy solution tagged ... read more

The Nigerian Downstream Oil and Gas Sector Update - In Dire Need of Complete Deregulation

Thu, 28 Feb 2019 08:00:00 GMT — Proshare Nigeria Limited
The Nigerian Downstream Oil and Gas Sector Update - In Dire Need of Complete Deregulation    Proshare Nigeria Limited The Nigerian downstream sector broadly categorised into the refining and marketing segments of petroleum products have continued to underperform despite ... read more

Stock market investors lose N1.37tn in seven months

Thu, 01 Aug 2019 07:00:00 GMT — The Punch
Stock market investors lose N1.37tn in seven months    The Punch Feyisayo Popoola Investors in the nation's stock market have lost a total of N1.3tn in seven months, as the total market capitalisation of equitie... read more