Indigenous integrated energy company, Ardova Plc, has unveiled a state-of-the-art lubricant oil blending plant with a production capacity of 150 million litres per annum and a storage capacity of 14 million litres to meet the demands of the Nigerian market.…
Huub Stokman, the Managing Director of NNPC Retail Limited (NRL) has emerged as the new chairman of the Major Oil Marketers Association of Nigeria (MOMAN) MOMAN officially announced the conclusion of Olumide Adeosun’s tenure as the Chairman. Olumide Adeosun, the…
By Philemon Adedeji Despite growing revenue by 19.5per cent year-on-year (YoY), Ardova Plc reported N7.61 billion loss in its unaudited result & accounts for the year ended December 31, 2022 from N3.85 billion reported in the audited financial statement for…
Nigerian Exchange Limited (NGX) has lifted the suspension placed on trading in the shares of Ardova Plc. The Exchange suspended nine companies from the facilities of the Nigerian Exchange Limited (NGX) on Friday, July 1, 2022, having failed to file…
Ardova Plc (AP) has posted a profit of N1.54 billion for the financial year ended Dec. 31, 2021. The integrated energy company made this known in its audited financial statements and first quarter (Q1) 2022 unaudited financial results which was…
By Philemon Adedeji Ardova PLC on Wednesday announced 5 per cent increase in revenue for the full year unaudited result as at December 31, 2021. The group reported growth of total assets which appreciated with huge 87 per cent from…
By Uthman Salami The Chief Executive Officer, Ardova Plc who is also the Chairman, Major Oil Marketers Association of Nigerian (MOMAN) has urged the Federal Government to embark on proper communication, engagement and collaboration in order to achieve proper and…
AP LPG terminal, a subsidiary of Ardova PLC, has commenced the construction of a 20,000 metric tonne Liquified Petroleum Gas (LPG) storage terminal in Lagos. The facility ceremony signified the official commencement of construction activities which is expected to be…
By Kayode Tokede Ardova Plc has announced plans to issue Series 1 Bonds worth up to N22 billion, as part of its N60 billion Bond Issuance Programme. The Bond is subdivided into Tranche A and Tranche B offerings with maturity…
