• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Opinions Blurb

Forte: In Otedola We Trust

Nairametrics by Nairametrics
March 22, 2017
in Blurb
Forte: In Otedola We Trust
Share on FacebookShare on TwitterShare on Linkedin

Nairametrics| Imagine you had N1 million and decided to buy Forte Oil shares at N12 only to sell it about two years later for N158. That invested would have turned your N1 million into N12 million. This was exactly the case between 2013 and 2015.

Forte Oil is now trading at N46.5 a price range that was more synonymous with 2013 when it was still at the early stages of one of the most intriguing share price appreciation in Nigeria’s history. The drop in its share price in the last 6-9 months can also be described in the same light. For a lot of shareholders, the experience has been bitter and no one has perhaps felt the brunch more than Femi Otedola, the billionaire owner of the company.

The latest Forbes billionaire list which we understand is craved by Nigerian billionaires excluded him for the second straight time. Mr Otedola is no longer a billionaire, at least in dollars. Ironically, his exclusion is sparking a feeling within some investors that the smart money may soon point in the direction of Forte Oil. For the integrated oil company, their charismatic Chairman is not just a leader, he is also one to be trusted if capital appreciation is your forte.

RelatedStories

Tinubu names Dangote, Otedola, Ovia, Abdulsamad as 4 wisemen of Nigeria’s economy 

Tinubu names Dangote, Otedola, Ovia, Abdulsamad as 4 wisemen of Nigeria’s economy 

June 6, 2025
First Bank

306 shareholders approve FirstHoldCo’s final dividend of 60 kobo 

May 22, 2025

He makes things happen?

Mr Femi Otedola like most past and present billionaires on the Forbes list derive their net-worth from the valuation of their holding in equities, real estate and other assets that can independently be valued. With Forte being one of his major assets, there appears to be a positive correlation between when the Forbes list will be published and a spike in share price. We explained this once in article published in October 2016.

At N47 and a price earnings ratio of 21x, the outlook for Forte oil’s share price may once again appear bullish. To get back to the Forbes list, he must either hope that his share price commences another bullish ride or that his shareholding increases or maybe both. The current share price serves these purposes well and if you trust your instinct like you trust his influence, then your stars may well be aligned with the gods of 2013 – 2015.

 

Tags: Femi OtedolaForte OilForte OilReal Estate News
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

Related Posts

Tinubu names Dangote, Otedola, Ovia, Abdulsamad as 4 wisemen of Nigeria’s economy 
Business News

Tinubu names Dangote, Otedola, Ovia, Abdulsamad as 4 wisemen of Nigeria’s economy 

June 6, 2025
First Bank
Dividends

306 shareholders approve FirstHoldCo’s final dividend of 60 kobo 

May 22, 2025
First Bank
Bank Recapitalization

FirstHoldCo nears N500 billion capitalization goal, promises higher dividend for shareholders in 2025 

May 22, 2025
Femi Otedola
Business News

Femi Otedola wins ‘Activist Investor and Market Maker of the Year’ at Nairametrics Capital Market Awards 

May 22, 2025
Tinubu envisions success of Nigerian banks in foreign countries 
Financial Services

Tinubu envisions success of Nigerian banks in foreign countries 

March 6, 2025
Lagos State approves construction of 40-story First Bank HQ building in Eko Atlantic City
Financial Services

Lagos State approves construction of 40-story First Bank HQ building in Eko Atlantic City

March 6, 2025
Next Post
Powerful CBN: “Experts” React To Kemi Adeosun’s Comments

Powerful CBN: "Experts" React To Kemi Adeosun's Comments

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Tinubu seeks swift action on ECOWAS Standby Force as insecurity escalates in West Africa 
  • Global oil price may surge past $150 per barrel as Iran’s parliament approves closure of Strait of Hormuz 
  • President Trump’s visa restrictions threaten 16 U.S. colleges depedent on international students 

Follow us on social media:

Recent News

Tinubu seeks swift action on ECOWAS Standby Force as insecurity escalates in West Africa 

Tinubu seeks swift action on ECOWAS Standby Force as insecurity escalates in West Africa 

June 22, 2025
Latest crude oil price drop threatens Nigeria’s revenue and naira stability 

Global oil price may surge past $150 per barrel as Iran’s parliament approves closure of Strait of Hormuz 

June 22, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics