forte oil

By TAYO ELEGBEDE    Ardova Plc, formerly Forte Oil, has declared its intention to drive the downstream oil and gas company to operate in the renewable space going forward.   With depleting investments on hydrocarbons as the world shifts…

Forte Oil now Ardova Plc has seen three years of consistent earnings disappointments running up to 2018 but management is looking forward to making up for all the failings with its 2019 result. The oil…

UMORU ABDULKADIR Following the resolutions at the Company's Extra-Ordinary General Meeting Tuesday, Forte Oil Plc has changed its name to Ardova Plc. Notice of this has also been filed at the Nigerian Stock Exchange Wednesday,…

BY UMORU ABDULKADIR Forte Oil Plc has notified the Nigerian Stock Exchange (NSE), its shareholders and other stakeholders of its plans to divest up to 500,000 (Five Hundred Thousand) ordinary shares, representing 0.04 equity stake to…

By Umoru Abdulkadir Equities on the floor of the Nigerian Stock Exchange (NSE) gained marginally on Wednesday by  0.01% to push the All-Share Index (ASI) to 27,607.02 points to reverse the free fall in the market This followed…

Forte Oil has appointed Olumide Adeosun as the new chief executive officer of the company, replacing Akin Akinfemiwa who has resigned from the company. In a notice to the Nigerian Stock Exchange (NSE) by its general counsel…

Billionaire oil magnate, Femi Otedola, on Wednesday announced the completion of his divestment plans from Forte Oil. Mr Otedola in a message posted on his verified Instagram page said he has divested from the business and will now…

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 be ratified by the shareholders on February 7. Mr Akinleye Olagbende, the firm’s Company…

By ABDULKADIR UMORU, Trading on the floor of The Nigerian Stock Exchange (NSE) on Tuesday continued its bearish run as losses in highly capitalized stocks such as Forte oil, Guaranty Trust Bank, Flourmill Nigeria as well as Zenith Bank…

By ABDULKADIR UMORU, Lagos Following losses suffered by major highly capitalized stocks, trading on the floor of The Nigerian Stock Exchange ended in the red zone, extending bearish trend from the previous trading day. Accordingly,…