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Forte Oil Nigeria Counts on Power to Boost Company’s Profits
LAGOS (Capital Markets in Africa) – Forte Oil Plc, a Nigerian fuel retailer that has invested in power production, expects a jump in income this year after expanding generation capacity during a payment guarantee by the government to electricity companies. “Now we can be sure that whatever we generate will be paid for going forward,” Chief Executive Officer Akin Akinfemiwa said in an interview on Wednesday in Lagos, the country’s commercial capital. “It means that you can invest…
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