Tag Archives: Forte Oil

Forte Oil Plc Raises N9bn 5-year Fixed Rate Bond Forte Oil Plc, one of the leading indigenous energy service provider, has successfully raised N9billion bond under its N50billion bond issuance programme. The funds raised will be used to refinance existing short term commercial bank loan obligations and to finance the retail outlet expansion of the company. The company has an …

Read More »

Recession: Nigerian Mogul, Femi Otedola Loses $1.3bn in Value Latest ranking of the world’s richest people by Forbes has shown that oil tycoon and Nigerian business mogul, Femi Otedola‘s net worth has plunged from $1.8 billion to $550 million as the economic downturn has led to a massive drop in the stock price of Forte Oil, the Nigerian Stock Exchange-listed …

Read More »

Considering the enormity of quest to re-engineer its operations and further boost returns on investment, forte oil has concluded plans to raise N50billion debt instrument from the capital market. Similarly, the company disclosed that the second leg of its capital raising which will be done through equity financing in 2017 or beyond when the need arises. Addressing the capital market …

Read More »