What is the new name for Forte Oil?
What is the new name for Forte Oil?
At an Extra-ordinary General Meeting (EGM) held in Lagos on December 18, 2019, shareholders of Forte Oil PLC authorised the board of directors to change the company’s name to Ardova Plc. The new name, along with a new logo and tagline was officially launched to the public on February 19, 2020.
Who owns 11pc?
The Company operates a Lube Oil Blending Plant (LOBP), which has a capacity of approximately 450,000 barrels. It owns over three plants located in Apapa, Lagos State that manufacture lubes, petroleum jelly and insecticide. ORIENTAL ENERGY CO., LTD. SK GAS CO., LTD….11 PLC.
| End-of-day quote – 05/07 | |
|---|---|
| 228NGN | 0.00% |
Who is AbdulWasiu Sowami?
The man behind the acquisition is AbdulWasiu O Sowami, the owner of Prudent Energy. Sowami is a graduate of Sociology from the University of Maiduguri, Borno State, and holds a Masters in Corporate Governance from Leeds Beckett University in the United Kingdom.
Who owns prudent energy?
Abdulwasiu Sowami
Prudent Energy is owned by Abdulwasiu Sowami. According to a statement of notice published on the website of the Nigerian Stock Exchange (NSE), Forte Oil revealed that Ignite, the investment arm of Prudent Energy was planning to take-over 500,000 ordinary shares which represent a 0.04% equity stake.
Who owns Forte Oil Now?
Ignite Investments and Commodities LimitedArdova Plc / Parent organization
Who is the founder of Forte Oil?
Femi Otedola
Femi Otedola (born4 November 1962) is a Nigerian businessman, philanthropist, and former chairman of Forte Oil PLC, an importer of fuel products….
| Femi Otedola | |
|---|---|
| Children | 4, including Florence “DJ Cuppy” Otedola |
| Parent(s) | Sir Michael Otedola |
How much is Forte Oil Worth?
Forte Oil’s current market cap stands at $125 million as at the close of business on Wednesday.
Who bought Forte?
LEISURE and media company Granada has won control of hotel and catering group Forte after a bitter £3.9 billion takeover battle.
Who owns Forte Oil in Nigeria?
In 2018, billionaire oil magnate and chairman of Forte Oil Plc, Femi Otedola announced the sale of his 75 per cent direct and indirect shareholdings in the oil company.
What happened Forte group?
Forte Group plc was a British hotel and restaurant company. It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index until it was acquired by Granada in 2001. Its head office was in the London Borough of Camden….Forte Group.
| Type | Public |
|---|---|
| Founder | Charles Forte |
| Defunct | 2001 |
| Fate | Acquired |
| Successor | Granada |
How many hotels do Forte own?
Founded by Sir Rocco Forte and his sister Olga Polizzi in 1996, Rocco Forte Hotels is a collection of 17 luxury hotels, resorts and private residences with a unique character.
Is Forte Oil sold?
Nigerian energy tycoon Femi Otedola has concluded the sale of his 75% stake in Forte Oil, a publicly listed oil marketing company, to Prudent Energy, a local oil trading firm. A banker who worked on the deal says Otedola sold the shares for $250 million.
When will Forte Oil plc’s new board meet?
In a regulatory filing on Monday, Akinleye Olagbende, General Counsel at Forte Oil Plc, said the new board of directors will hold an inaugural Board of Directors meeting on Wednesday, June 26, 2019.
Who is the new CEO of Forte Oil?
Mr. Adeosun is the new CEO of Forte Oil. He has over 18 years of work experience providing transactional, project management and strategy services both locally and internationally, covering oil and gas, power and renewable energy sector.
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We are also the sole authorised distributor of Texaco branded Havoline Engine Oils and Lubricant in Nigeria.
