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MarketScreener Homepage  >  Equities  >  NIGERIAN STOCK EXCHANGE,THE  >  Forte Oil PLC    FO   NGAP00000004

FORTE OIL PLC

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Forte Oil : Tanker explodes at Forte Oil Filling Station

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12/07/2018 | 11:28am EST

!-- Tanker explodes at Forte Oil -- Tanker explodes at Forte Oil A petrol tanker on Friday exploded at Forte Oil filling station located very close to the local airport in Lagos, Southwest Nigeria. An airport source told PM News that he saw thick flames of fire emanating from the filling station located close to the airport.

It was gathered that the tanker exploded when it was discharging its content. Fire service officials rushed to the scene of the explosion to try to put out the raging inferno.

PM News reports that the incident has caused traffic gridlock on Airport Road. As at the time of filling this report, fire servicemen were still trying to quench the fire.

© Pakistan Press International, source Asianet-Pakistan

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Financials (NGN)
Sales 2018 107 B
EBIT 2018 3 239 M
Net income 2018 -
Debt 2018 -
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019
Capi. / Sales 2018 0,34x
Capi. / Sales 2019 0,31x
Capitalization 36 469 M
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Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 43,4  NGN
Spread / Average Target 55%
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NameTitle
Akinwunmi Akinfemiwa Group Chief Executive Officer & Executive Director
Olufemi Peter Otedola Chairman
Taiwo Babatunde Head-Business Operations
Julius Babatunde Omodayo-Owotuga Group Executive Director-Finance & Risk, ED
Adeboye A. Adegbemiro Head-Engineering & Projects
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