Capital Trust Brokers
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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      24.95 NGN    0.00 ( 0.00 %)

Open
24.95
High
24.95
Low
24.95
Close
24.95
Year High
40.70
Year Low
17.30
Volumn
304,724
Value
6,904,131.00

Forte Oil Plc declares special interim dividend to shareholders

Wed, 22 May 2019 17:59:00 GMT — Nairametrics
Forte Oil Plc declares special interim dividend to shareholders    Nairametrics Forte Oil Plc has declared an interim dividend of N1.15 kobo per 50 kobo ordinary share for the financial period ended Monday, December 31, 2018. On Monday ... read more

Forte Oil declares N1.5b interim dividend

Wed, 22 May 2019 23:10:17 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 to Pay Interim Dividend of N1.15k June 10

Thu, 23 May 2019 10:32:38 GMT — Business Post Nigeria
Forte Oil to Pay Interim Dividend of N1.15k June 10    Business Post Nigeria 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 ... read more

Forte Oil Plc - Business Repositioning Signals New Dawn

Fri, 17 May 2019 08:42:57 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

Quick Take: Forte Oil Plc's Profit After Tax grows by 13.7% in Q1 2019

Thu, 02 May 2019 07:00:00 GMT — Nairametrics
Quick Take: Forte Oil Plc's Profit After Tax grows by 13.7% in Q1 2019    Nairametrics Petroleum company, Forte Oil Plc, have released its financial statement for Q1 period ended March 31st. Here are the key highlights of the result. read more

Forte Oil Plc Notifies Of Divestment and Sales Of Its Subsidiaries

Sat, 04 May 2019 15:32:26 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 to Divest from Its Power and Upstream Businesses

Mon, 06 May 2019 07:00:00 GMT — Brandspurng
Forte Oil Plc to Divest from Its Power and Upstream Businesses    Brandspurng On Friday, May 3, 2019, Forte Oil Plc (hereafter referred to as “the Company”) notified the Nigerian Stock Exchange, Securities and Exchange Commission, ... 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

Court Orders Forte Oil Plc To Pay Ex-Staff N6.2m Gratuity

Thu, 02 May 2019 07:00:00 GMT — Independent Newspapers Limited
Court Orders Forte Oil Plc To Pay Ex-Staff N6.2m Gratuity    Independent Newspapers Limited 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

Disquiet Over Forte Oil’s Non-Completion Of Otedola’s 75% Divestment

Tue, 07 May 2019 07:00:00 GMT — Independent Newspapers Limited
Disquiet Over Forte Oil’s Non-Completion Of Otedola’s 75% Divestment    Independent Newspapers Limited Mohammed Shosanya; Bamidele Ogunwusi. Lagos – There appears to be disquiet over the long awaited plan by billionaire businessman, Femi Otedola, ... read more

Transcorp Nigeria Wins Afam Power Sale With $293 Million Bid

Wed, 01 May 2019 07:00:00 GMT — Bloomberg
Transcorp Nigeria Wins Afam Power Sale With $293 Million Bid    Bloomberg Nigerian businessman Tony Elumelu's Transnational Corp. of Nigeria Plc was named the preferred bidder for Afam Electricity Generation Co. with a 105.3 ... read more

Femi Otedola pays Christian Chukwu visit at London hospital

Wed, 22 May 2019 07:29:00 GMT — TODAY.NG
Femi Otedola pays Christian Chukwu visit at London hospital    TODAY.NG The Chief Executive Officer, Forte Oil Plc, Femi Otedola, paid a courtesy visit to Christain Chukwu who is recuperating at the Wellington Hospital, Circus London. read more

Stock investors lose N352bn in eight days

Thu, 16 May 2019 03:59:00 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

Stock investors gain N372bn as market cap hits N13tn

Wed, 22 May 2019 00:02:00 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 in... read more

Forte Oil Reports Profit After Tax of N3.4bn in Q1 2019

Fri, 03 May 2019 07:00:00 GMT — Brandspurng
Forte Oil Reports Profit After Tax of N3.4bn in Q1 2019    Brandspurng Forte Oil Plc., a leading player in the downstream sector (Petroleum products marketing, distribution and retailing) of Nigeria's Oil and Gas Industry, released its ... read more

Nigerian Stock Exchange opens the week on a positive note

Tue, 21 May 2019 07:20:00 GMT — Nairametrics
Nigerian Stock Exchange opens the week on a positive note    Nairametrics The Nigerian Stock Exchange ended Monday's trading session in positive territory. The All Share Index closed at 29373.40 basis points, up 1.74% read more

Forte Oil Reports Profit After Tax of N3.3bn in Q1 2019

Thu, 02 May 2019 07:00:00 GMT — Investors King Ltd
Forte Oil Reports Profit After Tax of N3.3bn in Q1 2019    Investors King Ltd Forte Oil Plc, one of Nigeria's leading oil and gas companies, has reported a profit after tax of N3.3 billion for the first quarter of 2019. 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

Otedola donates N18m for Chukwu’s overseas treatment

Wed, 24 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

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

Again, MTN tops gainers' chart as market close bullish

Fri, 17 May 2019 18:59:00 GMT — Nairametrics
Again, MTN tops gainers' chart as market close bullish    Nairametrics The Nigerian Stock Exchange ended Friday's trading session in positive territory. The All Share Index closed at 28871.93 basis points, up 1.53%. read more

Exclusive: The Identities Of 132 Firms Bidding For NNPC's Crude Oil Swap

Fri, 03 May 2019 07:00:00 GMT — thewillnigeria
Exclusive: The Identities Of 132 Firms Bidding For NNPC's Crude Oil Swap    thewillnigeria SAN FRANCISCO, May 3, (THEWILL) – The NNPC, Nigeria's state owned oil giant, Thursday announced that 132 companies had submitted bids for the 2019 ... read more

Nigeria: Otedola, Arthur Eze, Former Ghanaian President Bag 2018 Zik Leadership Prize

Thu, 25 Apr 2019 05:18:25 GMT — AllAfrica.com
Nigeria: Otedola, Arthur Eze, Former Ghanaian President Bag 2018 Zik Leadership Prize    AllAfrica.com The chairman of Forte Oil Plc, Femi Otedola, and the governors of Akwa Ibom and Niger states, Udom Emmanuel and Abubakar Sanni-Bello, were among 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

Market Reverses Losses, Stock Investors Gain N7.9bn

Fri, 26 Apr 2019 07:00:00 GMT — Economic Confidential
Market Reverses Losses, Stock Investors Gain N7.9bn    Economic Confidential investors in the nation's stock market gained n7.9bn on thursday as the market reversed losses. the market capitalisation of equities listed. 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

The Stock Market turns bearish for the third time this week

Thu, 16 May 2019 05:38:00 GMT — Nairametrics
The Stock Market turns bearish for the third time this week    Nairametrics The Nigerian Stock Exchange ended Wednesday's trading session in negative territory. The All Share Index closed at 28286.08 basis points, down 0.48%. read more

Weekly Economic Index: Oil prices could fall after announcement of tariffs on China

Mon, 06 May 2019 13:35:04 GMT — Ventures Africa
Weekly Economic Index: Oil prices could fall after announcement of tariffs on China    Ventures Africa The Weekly Economic Index gives you a glimpse into recent activities in Nigeria's economy as well as changes and prices that could affect the economy. read more

Nigeria’s Highest Paid CEOs in 2018

Tue, 07 May 2019 07:00:00 GMT — Investors King Ltd
Nigeria’s Highest Paid CEOs in 2018    Investors King Ltd In 2018, the top twelve Nigerian CEOs earned a total of ₦3.638 billion amid strong positive performance. read more

Forte Oil Plc Holds Extraordinary General Meeting On February 7th, 2019

Thu, 17 Jan 2019 08:00:00 GMT — Proshare Nigeria Limited
Forte Oil Plc Holds Extraordinary General Meeting On February 7th, 2019    Proshare Nigeria Limited Notice is hereby given that an Extraordinary General Meeting (“EGM") of Forte Oil Plc. (“the Company”) will hold at the Bespoke Event Centre, Lekki- Ajah ... read more

Investors lose N198bn in four days

Mon, 06 May 2019 07:00:00 GMT — The Punch
Investors lose N198bn in four days    The Punch Feyisayo Popoola. Investors in the nation's stock market lost a total of N198bn in one week. The equities market traded mixed with a negative tilt last week, ... read more

Forte Oil shareholders approve resolutions at EGM

Fri, 08 Feb 2019 08:00:00 GMT — Nairametrics
Forte Oil shareholders approve resolutions at EGM    Nairametrics Forte Oil Nigeria Plc at an EGM held this week, obtained shareholders approval to enter into discussions with its Chairman Femi Otedola. read more

Forte Oil Plc grows Revenue by 56% to N134BN in 2018

Tue, 02 Apr 2019 07:00:00 GMT — Brandspurng
Forte Oil Plc grows Revenue by 56% to N134BN in 2018    Brandspurng Forte Oil Plc. A major player in the downstream sector of the Oil and Gas industry with businesses in Fuels (marketing & distribution of petroleum... read more

Five Years After; Femi Otedola Remembers Late Father

Mon, 06 May 2019 07:00:00 GMT — Naija News
Five Years After; Femi Otedola Remembers Late Father    Naija 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

The Weekly Brief: Monday, 29 April to Friday, 03 May 2019

Mon, 06 May 2019 07:00:00 GMT — Nairametrics
The Weekly Brief: Monday, 29 April to Friday, 03 May 2019    Nairametrics The performance of the Nigerian Equity Market remained bearish last week with the index (NSE ASI) trending downward by 1.78% WTD to close at an index ... 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

Femi Otedola to divest entire shareholding in Forte Oil Plc

Wed, 26 Dec 2018 08:00:00 GMT — Nairametrics
Femi Otedola to divest entire shareholding in Forte Oil Plc    Nairametrics Forte Oil Plc has announced the intentions of its majority shareholder, Femi Otedola to divest his entire holdings amounting to 75% in the company's ... read more

Forte Oil Share Price Hits New High on Sustained High Demand

Fri, 28 Dec 2018 08:00:00 GMT — THISDAY Newspapers
Forte Oil Share Price Hits New High on Sustained High Demand    THISDAY Newspapers Shares of Forte Oil Plc surged further Thursday as investors continued to react positively to the news of Mr. Femi Otedola's planned divestment. Otedola's ... read more

Equities Fall Further on Profit-taking, Weak Q1 Results

Mon, 06 May 2019 03:20:00 GMT — THISDAY Newspapers
Equities Fall Further on Profit-taking, Weak Q1 Results    THISDAY Newspapers Trading at the stock market remained bearish last week as a combination of profit-taking in bellwethers and negative reactions to financial results released by ... read more

Ghana Ex-President, Oyegun, Kachikwu, Otedola, To Receive 2018 Zik Award

Thu, 25 Apr 2019 07:00:00 GMT — Leadership Newspaper
Ghana Ex-President, Oyegun, Kachikwu, Otedola, To Receive 2018 Zik Award    Leadership Newspaper The former President of Ghana, John Mahama, ex- National Chairman of the All Progressives Congress (APC), Chief John Odigie Oyegun, the Nigeria's Minister ... read more

How Akin Akinfemiwa climbed the corporate ladder to become Forte Oil's CEO

Tue, 20 Nov 2018 08:00:00 GMT — Nairametrics
How Akin Akinfemiwa climbed the corporate ladder to become Forte Oil's CEO    Nairametrics In today's Nigerian business community, some CEOs are quite prominent; including Mr. Akin Akinfemiwa, the man who is currently Group CEO of Forte Oil Plc. 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

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

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

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

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 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

Otedola, Arthur Eze, former Ghanaian president bag 2018 Zik leadership prize

Wed, 24 Apr 2019 07:00:00 GMT — Premium Times
Otedola, Arthur Eze, former Ghanaian president bag 2018 Zik leadership prize    Premium Times The Zik Prize in Leadership Awards was instituted in 1995 to award prizes to exceptional leaders in honour of Nnamdi Azikiwe, Nigeria's first president of ... read more

Forte Oil and Diamond Bank are a HOLD for the comi

Fri, 28 Dec 2018 08:00:00 GMT — Nairametrics
Forte Oil and Diamond Bank are a HOLD for the comi    Nairametrics Forte Oil Plc and iamond Bank Plc have a HOLD recommendation from Nairametrics for the first trading week in the month of January. read more

Forte Oil Plc declares profit-after-tax of N7.9 billion for 2018 half year

Mon, 06 Aug 2018 07:00:00 GMT — Nairametrics
Forte Oil Plc declares profit-after-tax of N7.9 billion for 2018 half year    Nairametrics On Tuesday July 31st 2018, Forte Oil PLC, Nigeria's foremost energy solutions provider announced their unaudited results for the half year ended 30th June ... 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

High oil prices, stable operating environment buoys Forte Oil’s 93% profit growth in H1 2018

Mon, 13 Aug 2018 07:00:00 GMT — BusinessAMLive
High oil prices, stable operating environment buoys Forte Oil’s 93% profit growth in H1 2018    BusinessAMLive Forte Oil Plc. has benefiting strongly from a more stable operating environment with higher oil prices, foreign exchange availability and improved petroleum. read more

90.9% Shareholders of Forte Oil Approve Sale of Power Unit to Otedola

Sat, 09 Feb 2019 08:00:00 GMT — Business Post Nigeria
90.9% Shareholders of Forte Oil Approve Sale of Power Unit to Otedola    Business Post Nigeria Plans by Nigerian oil mogul, Mr Femi Otedola, to acquire the power subsidiary of Forte Oil Plc received a huge boost on Thursday, February 7, 2019. read more

Forte Oil rolls out new payment solutions and online services

Fri, 24 Aug 2018 07:00:00 GMT — Nairametrics
Forte Oil rolls out new payment solutions and online services    Nairametrics Forte Oil Plc, a leading player in Nigeria's downstream petroleum sector, is pleased to announce the relaunch of its bouquet of mobile payment solutions. read more

Trading sustains positive on NSE, up by 1.74%

Mon, 20 May 2019 18:27:00 GMT — Guardian Nigeria
Trading sustains positive on NSE, up by 1.74%    Guardian Nigeria The Nigerian equities on Monday extended positive stance with the crucial market indicators appreciating by 1.74 per cent. The News Agency of Nigeria (NAN) ... read more

Forte Oil releases results for the half year ended june 2018

Wed, 01 Aug 2018 07:00:00 GMT — Nairametrics
Forte Oil releases results for the half year ended june 2018    Nairametrics Forte Oil Plc recently released its H1 2018 financial statements for the year ended 30 June 2018. Here are the key highlights of the reports.. read more

Forte Oil share price tumbles to lowest in 5 years

Thu, 05 Jul 2018 07:00:00 GMT — Nairametrics
Forte Oil share price tumbles to lowest in 5 years    Nairametrics Nigeria's oil and gas company, Forte Oil hit a 5 year low on Wednesday as the stock closed N26 down 10% from its opening share price. Forte Oil also topped ... 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

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

Forte Oil restructures, focuses on downstream

Tue, 29 May 2018 07:00:00 GMT — Vanguard
Forte Oil restructures, focuses on downstream    Vanguard Forte Oil Plc has concluded plans to divest its upstream services, power- generating businesses in Nigeria and downstream business in Ghana. read more

Gainers and Losers on the Nigerian Stock Exchange WTD May 3 2019

Sat, 04 May 2019 07:00:00 GMT — Nairametrics
Gainers and Losers on the Nigerian Stock Exchange WTD May 3 2019    Nairametrics Japaul Oil and Maritime Services Plc led the gainers this week on the Nigerian Stock Exchange, as it gained 39.29% this week. 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

MTN Nigeria lifts trading on NSE, records 10 per cent growth second trading day

Fri, 17 May 2019 18:42:00 GMT — Premium Times
MTN Nigeria lifts trading on NSE, records 10 per cent growth second trading day    Premium Times MTN Nigeria Communications Plc for the second trading day appreciated by 10 per cent due to high demand for the equity on the Nigerian Stock Exchange ... read more

Shareholders approve Forte oil restructuring plans

Fri, 25 May 2018 07:00:00 GMT — Nairametrics
Shareholders approve Forte oil restructuring plans    Nairametrics Shareholders of Forte Oil Plc have approved the company's plan to restructure its business operations. At the 39th Annual General Meeting (AGM) in Lagos, ... read more

Apprehension as Forte Oil Restructures Business

Wed, 23 May 2018 07:00:00 GMT — THISDAY Newspapers
Apprehension as Forte Oil Restructures Business    THISDAY Newspapers Stakeholders have expressed mixed feelings about plans by Forte Oil Plc to sell its upstream assets, writes Goddy Egene. Forte Oil Plc, a major marketer of ... 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

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

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

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

Corporate Actions on the NSE week to date January 4 2019

Sun, 30 Dec 2018 08:00:00 GMT — Nairametrics
Corporate Actions on the NSE week to date January 4 2019    Nairametrics Here is a rundown of corporate actions that took place on the Nigerian Stock Exchange last week and those expected to hold this week. 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

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

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

Nigeria Lubricants (Engine Oil, Industrial Oil, Transmission Oil, Marine Oil, Grease and Specialty Lubricants) Market Outlook to 2022 - ResearchAndMarkets.com

Wed, 10 Apr 2019 07:00:00 GMT — Associated Press
Nigeria Lubricants (Engine Oil, Industrial Oil, Transmission Oil, Marine Oil, Grease and Specialty Lubricants) Market Outlook to 2022 - ResearchAndMarkets.com    Associated Press Press release *content* from Business Wire. The AP news staff was not involved in its creation. 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

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

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

Corporate Actions on the NSE WTD February 8 2019

Sun, 10 Feb 2019 08:00:00 GMT — Nairametrics
Corporate Actions on the NSE WTD February 8 2019    Nairametrics Here is a rundown of corporate actions that took place last week and those expected to hold this week on the Nigerian Stock Exchange (NSE). read more

Stocks to Buy/Sell/Hold on the Nig WTD December 28 2018

Fri, 21 Dec 2018 08:00:00 GMT — Nairametrics
Stocks to Buy/Sell/Hold on the Nig WTD December 28 2018    Nairametrics Livestock Feeds Plc gets a SELL recommendation in Nairametrics Buy/Sell/Hold list for the week. 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

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

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

Focus: This small-cap oil company is seriously lagging behind

Mon, 21 Jan 2019 08:00:00 GMT — Nairametrics
Focus: This small-cap oil company is seriously lagging behind    Nairametrics This week's focus is Rak Unity Petroleum Company Plc, an oil and gas company that has been operating in Nigeria for thirty seven years. read more

Forte Oil to divest Nigeria business, shuts Ghana operations

Thu, 03 May 2018 07:00:00 GMT — Nairametrics
Forte Oil to divest Nigeria business, shuts Ghana operations    Nairametrics Forte Oil has revealed plans to sell some of its upstream and power segments in Nigeria.The company will also divest from its Ghana operations and ... read more

Forte Oil to focus more on fuel distribution operation in Nigeria

Mon, 07 May 2018 07:00:00 GMT — Oil Review Africa
Forte Oil to focus more on fuel distribution operation in Nigeria    Oil Review Africa Forte Oil Plc, Nigeria's oil and gas company, has announced to sell its upstream services and power operations in Nigeria and divest from Ghana to focus on its ... read more

Forte Oil Plc - Diversified Model Shields Earnings, Pat Up 81% YoY

Tue, 17 Oct 2017 14:47:55 GMT — Proshare Nigeria Limited
Forte Oil Plc - Diversified Model Shields Earnings, Pat Up 81% YoY    Proshare Nigeria Limited Despite posting a 20% y/y drop in 9M'17 revenue to ₦96.9 billion, FO reported a 23% y/y growth in 9M'17 EBIT to ₦9.7 billion, lagging our estimate by 22%. read more

Forte Oil releases FY 2017 results

Thu, 29 Mar 2018 07:00:00 GMT — Nairametrics
Forte Oil releases FY 2017 results    Nairametrics Forte Oil Plc late yesterday released its financial statments for the year ended December 2017. Revenue dropped from N148 billion in 2016 to N129 billion in ... 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

Shareholders Endorse Forte oil Restructuring Plans

Sun, 27 May 2018 07:00:00 GMT — Independent Newspapers Limited
Shareholders Endorse Forte oil Restructuring Plans    Independent Newspapers Limited Shareholders of Forte Oil Plc have approved the company's plan to restructure its business operations. The nod to the company's restructuring plan was given at ... 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

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

Will Forte Oil's focus on downstream pay off ?

Fri, 11 May 2018 07:00:00 GMT — Nairametrics
Will Forte Oil's focus on downstream pay off ?    Nairametrics Last week, Forte Oil informed the investing public of its decision to sell off its upstream and Ghanaian units, as well as its stake in the Geregu power plant. read more

Why Kogi State shut down facilities belonging to Airtel, MTN, and Forte Oil

Thu, 01 Nov 2018 07:00:00 GMT — Nairametrics
Why Kogi State shut down facilities belonging to Airtel, MTN, and Forte Oil    Nairametrics Facilities belonging to the Bank of Agriculture (BoA), Forte Oil, Airtel and MTN Nigeria were yesterday shut down by the Kogi State Internal Revenue *Service* as a ... 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

Femi Otedola Biography, Net Worth, House, Cars, Children, Wife and Other Facts

Wed, 20 Jun 2018 16:16:37 GMT — BuzzNigeria.com
Femi Otedola Biography, Net Worth, House, Cars, Children, Wife and Other Facts    BuzzNigeria.com Read here about Femi Otedola, an entrepreneurial mogul and billionaire who is the chairman of Forte Oil Plc. He has chains of businesses all over the world. read more

Nigeria Automotive Lubricants (Engine Oil, Gear Oil, Grease & Others) Market, 2023 - ResearchAndMarkets.com

Thu, 30 Aug 2018 07:00:00 GMT — Business Wire
Nigeria Automotive Lubricants (Engine Oil, Gear Oil, Grease & Others) Market, 2023 - ResearchAndMarkets.com    Business Wire DUBLIN--(BUSINESS WIRE)--The "Nigeria Automotive Lubricants Market By Vehicle Type (Passenger Car, Two-Wheeler, LCV, M&HCV & Tractors), ... 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

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

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