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In the News
FO Joins United Nations Global Compact Corporate Responsibility Initiative
Posted 09/02/2016/ 09:26:04 am | Share on Facebook
Nigeria’s premier integrated energy solutions provider has been listed as a participation of the United Nation Global Compact, the world’s largest corporate social responsibility initiative with over 8,000 companies and 4,000 non-business participants in 135 countries that are committed to the advancement of global Sustainable Development Goals (SDGs).

Forte Oil Plc. as a signatory to the United Nation Global Compact (UNGC) platform aligns its core business activities, advocacy and philanthropy with universal principles on human rights, labour, environment and anti-corruption.

The UN Global Compact works to ensure that business activity adds value not only to the bottom-line, but also to people, communities and the planet.

Commenting on Forte Oil Plc. listing on the UNGC directory, the Group Chief Executive Officer, Mr. Akin Akinfemiwa said, “We are very proud to be part of this global initiative that promotes what our country is very passionate about – Conducting business in the most ethical and transparent manner.”

He noted further that “the goals and ideals of the UN Global Impact aligns with the vision of the company to use best governance practices as a tool for not only for profitability but also to be to be a valuable corporate citizen in our immediate environment and the world at large”.

About Forte Oil Plc
Forte Oil PLC is a public liability company listed on the Nigerian Stock Exchange and a foremost indigenous major marketer of refined petroleum products a strong presence in the thirty-six states of Nigeria and the Federal Capital Territory (FCT), Abuja. It is head quartered in Lagos, Nigeria’s economic nerve centre.

The Company operates a network of 500 outlets spread across the Country with major fuel storage installations at both Apapa (Lagos State) and Onne (Rivers State).

Its Aviation Joint User’s hydrants in Ikeja and Joint Aviation depots in Abuja, Port Harcourt and Kano makes it one of Nigeria’s leading providers of aviation fuel for local and international airlines.

In addition to these strategic retail and commercial network in Nigeria, Forte Oil PLC is also well established in Ghana under the trade name-AP Oil and Gas Limited (APOG), with a network of retail outlets, liquefied petroleum gas plants and a lubricant blending arrangement with Tema Oil blending plant.

Forte Oil is currently using its presence in Ghana to leverage its expansion into other West African Countries as it seeks to dominate the African Energy market. The Company also has a footprint in the upstream oil services sub-sector, where is has established a reputation of efficiency; servicing the upstream sector under trade name- Forte Upstream Services Limited (FUS).

It also engages opportunities in the upstream sector to fulfil its aspirations of being present at every point of the energy value chain.

Its acquisition of the 414 mw Geregu Power Plant is a demonstration of the company’s strategy to deliver long term returns for its shareholders.

Forte Oil PLC’s business philosophy is premised on building a high-performance organization with world-class business processes, strong corporate governance and compliance at all levels, culture of strong ethics and discipline and an enhanced safety, health and environment policy embedded across its value chain.
 
 
Stock Market Insight as at 20th Jun 18
 
Top 5 Gainers View Gainers   
 SECURITY LAST CLOSE CURRENT CHANGE % CHANGE 

 FO

35.15

35.80

0.65

1.82 % 

 ETERNA

6.61

7.20

0.59

8.19 % 

 ZENITHBANK

25.50

26.00

0.50

1.92 % 

 STANBIC

48.75

49.00

0.25

0.51 % 

 ETI

20.00

20.20

0.20

0.99 % 

 
Top 5 LosersView Losers   
 SECURITY LAST CLOSE CURRENT CHANGE % CHANGE 

 SEPLAT

754.90

717.20

-37.70

5.26 % 

 NB

110.10

109.00

-1.10

1.01 % 

 CCNN

26.00

25.20

-0.80

3.17 % 

 GUARANTY

 41.00

40.65

-0.35

0.86 % 

 CUSTODIAN

5.27

5.01

-0.26

5.19 % 

 
Top 5 Trades   [By Volume of Trade]
  SECURITY VOLUME VALUE (N)  

  ZENITHBANK

44,844,747

1,146,236,337.80  

  FBNH

38,692,205

411,822,341.55  

  ACCESS

25,824,464

266,668,353.00  

  UBA

14,207,810

1,146,236,337.80  

  TRANSCORP

13,629,233

19,576,354.67  

 
Financial Indicator
     
  TRADE VOLUME:

267763971

  NO. OF DEALS [TRADES]:

4786

  TRADE VALUE:

3826616937.03

  ALL-SHARE INDEX:

38605.07

  MKT. CAPITALIZATION:

13984710032284.83

 
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