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Universal Insurance Post Forte Oil Post He disclosed the oil marketing firm has approached the Securities and Exchange Commission SEC and the Nigerian Stock Exchange NSE to seek approval for the proposed N20 billion fresh fund raising.

In NovemberForte Oil announced it successfully raised N9 billion from a bond offering, which will be used to refinance existing short term bank loans and fund retail outlet expansion. Akinfemiwa said the N9 billion five-year bond is the first tranche of a proposed N50 billion bond issuance programme.

Late February this year, the NSE said it has listed a firmly underwritten N9 billion bond for Forte Oil as part of the planned N50 billion bond issuance programme for the leading energy company. According to the company, the proceeds of the N9 Billion Series 1, Five Year bond will be deployed to refinance existing short term commercial bank loan obligations and to expand downstream retail outlet footprints amongst others.

He affirmed that the oil marketing firm will deepen its focus on high margin products such as lubricants, Liquefied Petroleum Gas LPG and power to drive revenue generation. Omodayo-Owotuga further affirmed that Forte Oil would focus on mergers and acquisitions within the industry to increase its downstream business by looking at refineries.

He said that the company would optimise distribution channels as well as partner with telecommunication firms and financial institutions for effective distribution of its services. He disclosed in terms of revenue contribution to the operations of the company inthe upstream business has contributed 1.

Forum Member Missing Post May we plead with all forumites not to allow whatsapp take our SMN away. This guy nailed it Privatisation of the Power Sector: I quite agree they have some challenges and also are a problem. It seems they had some 'laptop' carrying foreign breed as experts and consultants that did not know nor take into account peculiar local conditions.

For instance, i had expected them to have a road map on how to collect revenue from such places like Ajegunle, Amukoko, Igando, Okokomaiko, Police Shake your money maker like somebody bout to pay ya, Army barracks, Federal secretariats etc but they still want to stick to the old method of estimating bills that is fraught with so much corruption and leakages.

The DISCOs truly have some understandable challenges but right now, they are the cogs in the wheel of progress. Did you hear some of the allegations Fashola made against nigerian stock market today prices Also their revenue collection ratio is plain pathetic. They should tell Government how they can be helped in terms of stiffer punishment for criminal bypass of meters e.

The GENCOs are the best functioning part, those ones just want good returns on their investement, the Transmissions is improving too but these DISCOs are nigerian stock market today prices what Yorubas call Oniwahala.

I hope you know some of these debt they are talking about relates to davys stockbrokers phone number supplied not by these DISCOs but largely by NEPA and PHCN. Meanwhile, these businesses were sold with only functions of forex market ppt assets but no liabilities.

Has all the levels of government paid their debts to the DISCOs?. Let the government pay their debts and then they can have the moral rights to castigate the DISCOs for non offline data entry typing jobs from home. Imagine if NITEL was privatized and the government still owing huge telephone bills. Transmission is not our major problem for now. When DISCOs are rejecting power and govt is declaring "Eligible Customers", you know transmission is not an immediate problem.

Power is now in private hands. We were told privatization is the silver bullet. UBA Plc Post Power is not next. It is the only thing. Our leaders should just fix power and leave Nigerians alone. I see so many small business that all their profits go into energy which normally lead to them closing shop. Fix power and then fill the pot holes in our roads. I had cause to travel home last two weeks and for the first time in a long while, i did not take my car but decided to try out one transport company.

I was really impressed with the service. Bad roads was the only problem i really see for them. Sister mercy, how can you mention all the missing names without including the only Oracle in the forum.

I know, I just couldnt help pulling Oga Peterichy's legs. It takes serious stronghead to make things work in this country. When the currency speculators realized Government wouldnt budge, they fell in line as their influence was steadily whittled down.

I wonder where to next and how the country can consolidate on these things to make Naija work for everybody and particularly for those willing to take risks that will involve increased production of goods and services.

NIGERIAN STOCK MARKET ANALYSIS | TRW DAILY FUNDAMENTAL AND TECHNICAL ANALYSIS OF THE NIGERIAN STOCK MARKET

I think power should be next and all eyes should be fixed on Fashola. The main proponent is now very active on the sister forum liquidating dollar holdings and taking positions on stocks that are on the rise in this bull run. GoldLink Insurance Post Why is everybody missing?

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