Ardova Plc
Ardova Plc (formerly Forte Oil PLC) is an indigenous energy group, headquartered in Lagos, Nigeria, with extended operations in Ghana. It operates majorly in the downstream sector of the Nigeria’s Oil and Gas industry, but has diversified its businesses into other sectors of the energy value chain. The downstream division specializes in the distribution of a wide range of petroleum products; Premium Motor Spirit (PMS), diesel, aviation fuel, kerosene, as well as a range of lubricants for various automobiles and machines; distributed mostly to the automobile, industrial, aviation and marine markets.
| Type | Public |
|---|---|
| Industry | Oil and Gas |
| Founded | 1964 (British Petroleum Nigeria Limited) |
| Headquarters | Victoria Island, Lagos , |
Area served | West Africa |
Key people | Abdulwasiu Sowami (Chairman) Olumide Adeosun (Chief Executive Officer) Moshood Olajide (Chief Financial Officer) Oladeinde Nelson Cole (Legal Adviser) |
| Products | Petroleum products Fuel Oils Jet A-1 fuel Lubricants Gas cylinder |
| Revenue |  ₦96.8 billion (Third Quarter 2017) |
| ₦9.7 billion (Third Quarter 2017) | |
Number of employees | 405 |
| Website | ardovaplc.com |
History
In 2015 they signed an $83 million contract with Siemens to upgrade the 414 MW plant, the work is due to be completed in 2016[1]
Board of directors
As of 20 June 2019, Forte Oil's directors include:
- Abdulwasiu Sowami - Chairman
- Olumide Adeosun - Chief Executive Officer
- Moshood Olajide - Chief Financial Officer
- Olusola Adeeyo - Non-Executive Director
- Durosinmi-Etti Aniola - Non-Executive Director
- Aminu Umar - Non-Executive Director
References
- Nsehe, Mfonobong. "Nigerian Billionaire Femi Otedola's Forte Oil Signs $83 Million Contract With Siemens". Forbes. Retrieved 29 August 2017.