Heyden Petroleum, MRS and Ardova Plc retail stations will begin the sale of Premium Motor Spirit (PMS) commonly referred to as Petrol at N860 – N865 per litre today. This new price comes on the heels of the crash in…
Ardova Plc has entered into a bulk purchase agreement with Dangote Refinery. The agreement will see Ardova offtake a full slate of petroleum products from the refinery, in a new framework that consolidated Ardova’s relationship with the refinery. Ardova had…
By Philemon Adedeji Nigerian Equities Market cleared previous day loss to close in the green zone as the key market indicator went up by 52.52 basis points. The NGX All-Share Index increased up by 0.11 per cent to close at…
By Uthman Salami An indigenous Oil and Gas downstream company, Ardova Plc has denied it is facing a winding up charge over the alleged $6 million debt owed to Zenon Petroleum and Gas Limited (Zenon) by Ignite Investments and Commodities…
Ardova Plc has announced the successful completion of a N25.3 billion Series 1 (Tranche A and Tranche B) Fixed Rate Senior Unsecured Bond Issue under itsN60 billion Debt Issuance Programme. The Bond Issue is the largest local currency bond issuance…
By Kayode Tokede Ardova Plc has released its unaudited interim consolidated financial statements for the period ended March 31, 2021 with 19.98per cent drop in revenue to N41.49 billion from N52.052 billion in Q1 2020. However, profit after tax rose…
Ardova Plc has notified the Nigerian Exchange Ltd that its Board of Directors of the Company has confirmed the appointment of Mr. Oladeinde Nelson-Cole as Company Secretary/General Counsel with effect from April 1, 2021. Nelson-Cole was appointed acting Company Secretary…
By Kayode Tokede Ardova Plc on Wednesday announced 19 percent drop in revenue to N41.6 billion in three months ended March 31 against N51.2 billion recorded during the same period of 2020. According to the report, revenue of N41.6 billion…
By Kayode Tokede Ardova Plc has released its unaudited interim consolidated financial statements for the period ended March 31, 2021 with 19.98per cent drop in revenue to N41.49 billion from N52.052 billion in Q1 2020. However, profit after tax rose…
By Kayode Tokede Ardova Plc, former Forte Oil has on Tuesday announced plans to establish a N60billion bond issuance programme with the potential issuance of series of bonds under the Programme. Acting Company Secretary/General Counsel, Oladeinde Nelson – Cole in…
