Nigeria

Many players from the international lubricants industry are attending the Lube Expo get-together this week in Dusseldorf, Germany, and while that lead ...

TotalEnergies opened an oil condition monitoring laboratory and closed out operations in Manilla.

Protestors Disrupt Shell Talk

February 12, 2025

Two protesters disrupted a presentation by a Shell official at the ICIS World Base Oils and Lubricants Conference in London Thursday, part of a coordi ...

Nigerian energy company Ardova has opened a sparkling new lubricant blending plant in Apapa, a district of the capital Lagos.

Officials from the Nigeria National Petroleum Corp. opened an illicit lubricant blending plant in Malta in order to undercut locally blended products, ...

Nigerian blender MRS Oil Nigeria reported large increases in gross profit and sales revenue for its lubricants segment in the first quarter, despite a ...

Nigerian lube blender Conoil reported a slightly lower gross profit and a 42% drop in sales revenue for its lubricants segment for the full year. The ...

MRS Posts Big Earnings Jump

February 20, 2024

Nigerian blender MRS Oil Nigeria Plc reported a 154% jump in gross profit for its lubes segment for the full year, on a 17% increase in sales revenue, ...

Nigerian fuel and lubricant supplier Ardova Plc has been delisted from Nigeria’s biggest stock exchange after an investment fund controlled by one o ...

Nigerian blender MRS Oil Nigeria Plc reported a nearly six-fold jump in gross profit and an 18% increase in sales revenue for its lubricants segment i ...

Nigerian lubricants blender and marketer Conoil reported a 21% decline in gross profit and 51% less sales revenue for the quarter ended March 31, desp ...

MRS Oil Nigeria Plc reported that gross profit for its lubricant segment fell 64% in 2022 due to negative impacts of inflation. The segment earned 367 ...

Touting efforts to advance its lubricants business, Nigerian blender Ardova Plc reported strong rebounds in net profit for its lubricants and greases ...

The majority owner of Nigerian fuels and lubricant supplier Ardova plc has proposed to buy out other shareholders and to take the company off the coun ...

Conoil Profits Take a Dive

January 31, 2023

Nigerian lubricants blender and marketer Conoil reported 63% less gross profit for the fourth quarter of 2022 and a 57% drop in gross profit for the f ...

Nigerian blender and distributor Ardova Plc reported an 83% drop in net profit and a 10% increase in sales revenue for its lubricants and greases segm ...

Nigerian lubricants blender and marketer Conoil reported a 38% drop in gross profit and flat sales revenue for the quarter ended Sept. 30, compared to ...

Nigerian National Petroleum Co. has acquired OVH Energy Marketing, operator of the Oando fuels and lubricants business and one of the largest lubrican ...

Ardova Posts Bigger Loss

August 23, 2022

Nigerian blender and distributor Ardova Plc’s lubricants and greases segment reported a net loss and a 16% increase in sales revenue for the quarter ...