Forte Oil postpones AGM – Raidar Gist

Must Read

Tyson Fury provides update on Deontay Wilder and Anthony Joshua fights

Tyson Fury is confident he will fight Deontay Wilder for a third time this year before taking on Anthony Joshua...

Matteo Guendouzi warned to grow up if he wants to have a future at Arsenal

Matteo Guendouzi has been warned he must grow up if he wants to have a future at Arsenal. The...

Marcus Rashford honoured with special award for charity work during coronavirus crisis

Manchester United striker Marcus Rashford has received a special recognition award in honour of the charity work he has contributed...

How Aston Villa discovered Jack Grealish’s secret Man Utd transfer meeting

Former Aston Villa manager Alex McLeish has revealed that Jack Grealish met representatives from Manchester United to discuss a move...

Forte Oil on Wednesday announced the postponement of its 40th annual general meeting.

The announcement was contained in a disclosure notice sent to the Nigerian Stock Exchange, NSE, Thursday.

The notice, signed by Olumide Adeosun, the company’s Chief Executive Officer, said the decision followed an approval by the Corporate Affairs Commission.

A letter attached to the notice said the approval for 3 months extension was granted with effect from August 21. The letter was signed by M.H Aliyu, Registrar General of the CAC.

The new date of the AGM has, however, not been fixed by the company.

“We confirm that the exchange will be notified of the date for the AGM,” the notice said.

In June, billionaire oil magnate, Femi Otedola, announced the completion of his divestment plans from the company.

Mr Otedola said he would now concentrate on his power generation business.

“In line with my principle of business focus, we have divested from our marketing and upstream businesses and shall from now on focus and consolidate on the gains of our power generation business, Geregu Power Plc,” Mr Otedola said.

Formerly known as African Petroleum Plc, Forte Oil operates mostly in the downstream sector of the oil and gas industry.


RIPAN Campaign AD

Source link



Latest Update

On Politics: Biden Ventures Out

Good morning and welcome to On Politics, a daily political analysis of the 2020 elections based on reporting by New York Times journalists.Sign...

Continuous shrinkage of forests threatens world’s biodiversity, UN warns

Amidst the alarming rates of deforestation and degradation, urgent action is needed to safeguard the biodiversity of the world’s forests, the United Nations’...

Is Tua Tagovailoa ready to become Miami’s biggest star since Dan Marino?

Leaps into swimming pools. Emotional moments of jubilation. Tears of joy. Fifteen words delivered by NFL commissioner Roger Goodell -- "With the fifth...

More Post Like This