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Forte Oil

11 Sep 2019
Price losses incurred by most blue-chip stocks dragged the All-share index further by 0.2 per cent at the end of transactions yesterday, on the Nigerian Stock Exchange (NSE).
27 Aug 2019
Following price loss incurred by most blue-chip stocks, the Nigerian Stock Exchange (NSE) reversed the three days gaining streak to close on a downturn yesterday, as the All-Share Index declined by 0.4 per cent.
22 Jul 2019
Femi Otedola, the billionaire businessman, has promised to take care of the medical expenses of ailing Nollywood actor, Sadiq Daba. In a statement on Sunday, Otedola said he was sad to hear that the veteran actor had fallen ill again.
9 Jan 2019
Sell pressure ahead of the 2019 election has continued to propel volatility on the equity sector of the Nigerian Stock Exchange (NSE), as the All-share index recorded a loss of 1.2 per cent.
24 Dec 2018
Nigerian businessman, Femi Otedola, has agreed to sell the entirety of his 75 per cent direct and indirect shareholdings in Forte Oil. In a letter sent to the Nigerian Stock Exchange and signed by Akinleye Olagbende, the general counsel of Forte Oil, Otedola said he was divesting from the company in order to "explore and…
19 Dec 2018
Following renewed investors' appetite in some highly capitalised stocks, transactions on the equity sector of the Nigerian Stock Exchange (NSE) closed in an upbeat yesterday, easing the previous day’s gains...
11 Dec 2018
Sell pressure remained relatively high on the equity sector of the Nigerian Stock Exchange (NSE), occasioned by profit-taking in blue-chip stocks ahead of year-end rally, as the All-share index plunged by 0.82 per cent. At the close of transactions yesterday, the All -share Index (ASI) was down by 252.09 absolute points, representing 0.82 per cent…
30 Oct 2018
Investors’ positive sentiments on high capitalised stocks buoyed transactions in the equity sector of the Nigerian Stock Exchange (NSE) yesterday, as market capitalisation increased by N105 billion.
25 Sep 2018
Following price losses recorded by most bluechip companies, equity transactions reopened on a bearish note yesterday, causing market capitalisation to plummet by N32 billion.
12 Sep 2018
Equity transactions sustained sliding profile for the fifth consecutive trading sessions, occasioned by heavy profit taking, causing the All-Share Index (ASI) to plummet further by 0.5 per cent. Specifically, at the close of transactions yesterday, ASI shed 162.52 absolute points, representing a decline of 0.48 per cent to close at 33,449.17 points, while the market…
31 Aug 2018
Central Bank of Nigeria (CBN) huge fines on four deposit money banks over alleged illegal fund repatriation on behalf of MTN Nigeria weighed heavily on the local bourse yesterday, causing the All-share index to slide by 0.77 per cent. The Nigerian Stock Exchange-All Share Index (NSE-ASI) decreased by 272.27 absolute points, representing a 0.77 per…
30 May 2018
Forte Oil, an indigenous player in Nigeria’s downstream sector, has signed an agreement with Chevron Lubricant, Europe, Middle East and Africa (Chevron Lubricat), to make Texaco branded...


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