Forte Oil Buys 100 Trucks Worth N2.5billion To Boost Operations

Article Summary

1. Forte Oil Plc,  CEO Akinfemiwa said the company plans to acquire 200 trucks and has only taken delivery of the first batch of 100 and expects the second batch by end of the year or early next year. 

2. He said: “The value of these trucks put together is about N2.5 billion and this is the first batch. Basically, about N5 billion will be spent on acquisition of the 200 trucks.

3. He said the purchase of the trucks will substantially increase their capacity to grow revenue, profitability and ultimately maximize value for shareholders.

4. Each truck probably cost N20 million each.

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