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IGNITE INVESTMENTS AND COMMODITIES LIMITED
Prudent Energy Services Limited, the new majority shareholder of Forte Oil Plc, is set to acquire fresh N22 billion worth of shares of the company.
The share price of Forte Oil Plc opened at N32.30 per share at the Nigerian Stock Exchange yesterday up from its last week opening price of N25.75, signalling a 24.44% rise in value barely one week after the Exchange endorsed the transfer of the 75% majority equity stake in the company from its Chairman, Femi Otedola, to Prudent Energy and Services Limited in a share purchase deal.