By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)-Leading oil marketing firm, Forte Oil Plc has emerged the Nigerian stock exchange’s (NSE’s) first ever listed company to declare its full year audited financial reports within 31 days of the end of its fiscal year.

The NSE said apart from this act, Forte Oil also became the first public quoted company to host its annual general meeting (AGM) within the first quarter of 2014.

‘’Forte Oil Plc, Nigeria’s foremost energy group, with interests in downstream petroleum operations, power generation and upstream petroleum services, continues to exceed NSE operating requirements through its corporate actions,’’ the NSE said.

According to the Nigeria’s exchange, listed companies are expected to announce their audited financial statement within ninety (90) days after the close of the fiscal year. ‘’Forte Oil Plc has also added to that feat by being the first public company to host its annual general meeting with its shareholders within the first quarter of 2014,’’ the NSE affirmed.

In his reaction, Akin Akinfemiwa, group chief executive officer (CEO) of Nigeria’s leading oil marketing firm said these corporate actions are a testament of the company’s unflinching commitment to financial and business disclosures hinged on its drive to create value to the ultimate benefit of Forte Oil shareholders and the entire investment community in general.

Forte Oil operates over 500 retail outlets in Nigeria and Ghana. It diversified into power generation with the recent acquisition of the 414MW Geregu Power Plant. The company also supplies well production chemicals and drilling/completion fluids to the Nigeria upstream sector.