forte oil

Shareholders and Capital Market Operators on Thursday expressed mixed reactions to moves by Mr Femi Otedola, Forte Oil Plc Chairman to buy out the company’s upstream and power assets.They said this in separate interviews with the News…

Billionaire businessman, Femi Otedola has embarked on a 'molue' bus around the Lagos metropolis.He shared a video of the experience on his Instagram page.'Molue' is a popular mode of transportation characterised by cheap fares,…

Investors on Friday transacted 515.48 million shares valued at N6.30 billion in 4,132 deals on the floor of the Nigerian Stock Exchange (NSE).The News Agency of Nigeria (NAN) reports that the volume improved by 25.08 per cent compared to…

The management of Forte Oil Plc on Friday said it was perfecting arrangements to raise the sum of N20 billion from the equity market to support operation and drive diversification strategy.Mr Julius Omodayo-Owotuga, Forte Oil Group…

Trading opened on the Nigerian Stock Exchange (NSE) for the week on Monday on a negative trend due to sell pressure, as predicted by analysts.The News Agency of Nigeria (NAN) reports that both market indices dropped by 2.41 per cent due…

Forte Oil Plc has recorded the highest price loss in percentage terms to emerge the worst performing stock on the Nigerian Stock Exchange for the first quarter ended March 31, the News Agency of Nigeria (NAN) reports.Data obtained from…

Weekly activities on the Nigerian Stock Exchange (NSE) opened on Monday on a downward note due to price losses by some highly capitalised stocks.The market indices dropped by 0.40 per cent.The News Agency of Nigeria (NAN) reports…

Nigerian billionaire businessman, Femi Otedola has dropped from the list of Nigeria's billionaire following the massive plunge in his net worth.Femi Otedola's net worth which was reported at $1.8 billion earlier in the year dipped to…

She might have been all over the news due to her marriage falling apart, but on the business front, Tiwa Savage is still as bankable as ever.The pop singer who retained her status as Brand Ambassador for Pepsi even in the midst of all…

The lingering fuel scarcity condition in the country has been a source of continuous concern to the masses as there have been instance of increased violence especially around filling stations in a bid to get the product.Festac town in…

Nigerian Billionaire and CEO of Forte Oil, Femi Otedola blessed with four children, three daughters and a son, all flourishing in their respective fields as DJ Cuppy, the second daughter took to music, and Temi Otedola, the third, a fashion…

The Kano State Special Task Force Committee on Petroleum Products has imposed a fine of N4.2 million on a Forte Oil filling station for allegedly hoarding fuel and selling it to motorists at unofficial prices late in the night.Chairman…

Forbes Africa reports that majority shareholder and Chairman of Forte Oil, Mr. Femi Otedola made $398 million in 3 months after the stock price went through the roof.The report in part Nigerian energy mogul Femi Otedola has become at…

Forte Oil rose by 10 percent for a fifth straight day on Friday to a four-year high, valuing it at 11 times what it was in January, stockbrokers said.On 644,792 units traded, it closed at 104.90 naira per share. The company has risen…

President of the Nigerian Stock Exchange and Chairman of the Dangote Group, Alhaji Aliko Dangote has commended the Chairman of Forte Oil, Mr. Femi Otedola for transforming Forte Oil to a world class company.Dangote made the comments…