Neimeth International Pharmaceutical closed higher at the end of transactions on Friday, at the trading floor of the Nigerian Stock Exchange. It led others with 24.62 per cent to close at N0.81 per share.
Forte Oil Plc, at the weekend, unveiled a strategic growth plan aimed at enhancing business profitability and increasing its market share in the industry.
FMDQ OTC Securities Exchange has admitted Forte Oil Plc’s ₦9.00 billion series 1, 17.50% fixed rate unsecured bond under the ₦50.00 billion issuance programme on its platform.
Activities on the Nigerian Stock Exchange (NSE) closed for the week on Friday on a positive note, with the turnover volume appreciating by 232.43 per cent, while market indices grew by 0.44 per cent.
Forte Oil Plc. has emerged the worst performing stock in 2016 in percentage terms having dropped by 74.42 per cent, the News Agency of Nigeria (NAN), reports.
Vervelde is the Managing Director and Chief Executive Officer of the Nigerian Breweries Plc. He is a board member of the Nigerian Economic Summit Group and also sits on the advisory board of the Lagos Business School.
Forte Oil traded higher at the end of last week’s transactions on the Nigerian Stock Exchange, leading nine others with 62.78 per cent to close at N106.23 per share.
Forte Oil Plc, a foremost-integrated energy service provider, has successfully completed its N9 billion series one debt issue.
Forte Oil Plc has reiterated its resolve to hit N11 billion target in Profit Before Tax (PBT) for 2016, even as the firm is currently projecting a market share of 20 per cent in short to medium term basis.