Wednesday, 1 February 2017

Otedola’s Forte Oil profit drops by 50%, declares no dividend for stakeholders

Nigerian billionaire, Femi Otedola’s Forte Oil has reported that its after-tax profit fell by 50 per cent for the full year ended on December 31st, 2016. The leading Nigerian petroleum marketing company profit fell to N2.89 billion last year compared to N5.79 billion reported in the previous year. The decline in profit resulted from a […]

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