Forte Oil Plc is to raise N50 billion fresh capital through the debt instrument before the end of 2016 for the expansion of its operations. The Group Chief Executive Officer of the Forte Oil, Mr Akin Akinfemiwa made this known recently at the company’s Fact Behind the Figure presentation on the Nigerian Stock Exchange (NSE) in Lagos. Akinfemiwa said, “We … Read More
Forte Oil Explains Impressive Half-Year Performance
The Group Chief Executive Officer of Forte Oil Plc, Mr. Akin Akinfemiwa, has attributed the impressive half-year performance of the company to aggressive sale drive, strategic retail acquisition, and prudent approach to cost containment. Forte Oil reported a revenue of N84.475billion for the half year ended June 30, 2016, showing an increase of 38 per cent, from N61.168billion in the … Read More