Scarcity of petroleum products is biting hard in Badagry communities in Lagos State as the National Union of Petroleum and Natural Gas Workers of Nigeria has suspended distribution of fuel to the area following a dispute with the Nigeria Customs Service.
Browsing: Forte oil
In spite of an influx of unaudited 2019 full year results, trading on the nation’s bourse opened for February on a bearish posture, as investors’ sentiment remained weak.
International Breweries, Linkage Assurance and Forte Oil emerged worst performing stocks in percentage terms on the Nigerian Stock Exchange in July.
The persistent downward movement on the Nigerian Stock Exchange continued on Tuesday with market indices depreciating further by 0.47 per cent, due to sell pressure in 22 stocks.
For the third day running, activities on the nation’s bourse continued on a bearish mood on Wednesday, with the All Share Index dropping further by 0.15 per cent.
The News Agency of Nigeria reports that Thomas Wyatt led nine other companies to emerge the best performing stock in percentage terms during the period under review
Business mogul, Femi Otedola, on Tuesday assured that money will be no impediment in the way of providing former Nigeria Captain, Christian Chukwu, with adequate medical and post-medical care.
The Nigerian equities market commenced trading for the week on Monday still on a bearish trend with the market indicators dropping by 0.74 per cent.
The Nigerian equities market commenced trading for the week on Monday still on a bearish trend with the market indicators dropping by 0.74 per cent.
Sidi said this in Abuja on Wednesday during a surveillance activity of the department to some fuel stations
According to PENGASSAN, these oil and gas companies are notorious in the practice of casualization, contract staffing, outsourcing and off-shoring of jobs as well as other unfair labour practices and under-hand tactics in their Labour relations activities.
Forte Oil on Monday confirmed that Otedola is selling his “full 75 per cent direct and indirect shareholding in the company’s downstream business”.
He said the profit after tax of the company increased by 93 per cent to N 7.9 billion compared with N4.11 billion posted in the comparative period of 2017.
The News Agency of Nigeria reports that the index shed 284.32 points or 0.73 per cent to close at 38,644.15, compared with the 38,928.47 achieved on Thursday.
In pursuance of this business resolve, Tantalizers has opened a new outlet in Ikare Akoko, Ondo State, bringing the brand’s number of outlets to over 60 across the country.
Boniface Okezie, PSAN National Coordinator, told the News Agency of Nigeria that SEC and the Nigerian Stock Exchange as market regulators should ensure full disclosure from the company on moves to sell some of its assets.
Forte Oil trailed with a loss of N4 to close at N40, while Unilever depreciated by N2.75 to close at N52.45 per share.
The News Agency of Nigeria reports that Seplat led the gainers’ table, increasing by N23.78 to close at N650 per share
Statistics obtained by the News Agency of Nigeria from the exchange indicated that the stock, which opened trading in 2017 at N84.43, dropped by 48.50 per cent to close the year at N43.48 per share.
The News Agency of Nigeria reports that the market capitalisation rose by N130 billion or 1.03 per cent to close at N12.739 trillion compared with N12.609 trillion recorded on Monday.