Tag: Ardova

Dangote Refinery loses N32.5bn after petrol price cut
News

Dangote, Ardova seal bulk purchase agreement

Ardova Plc, a leading player in Nigeria’s downstream oil and gas sector, has signed a bulk purchase framework agreement with Dangote Refinery. The partnership aims to ensure a reliable supply of petroleum products at competitive prices, enhancing value for its customers. In a statement on Monday, Ardova Plc announced that the agreement formalizes its longstanding […]

News Oil and Gas

Shell, Ardova partner to boost energy sector productivity

Shell International has collaborated with Ardova Plc to create the inaugural Power Conference, which aims to encourage debate around productivity and competitiveness in the energy sector. Powering Nigeria’s Industries – Enhancing Productivity and Competitiveness,” was recently held in Lagos, according to The Punch. According to a statement from the corporation, the conference focused on the […]

Ardova leaves Nigerian Exchange after being delisted
Business

Ardova leaves Nigerian Exchange after being delisted

One of the nation’s top oil firms, Ardova Plc, has left the Nigerian Exchange Limited after being delisted. According to Business Post, the company has requested to leave the platform and suspend the open trading of its shares at the NGX, and as a result, it is quitting the primary stock exchange of the country. […]

Ardova awards Otedola $19m in arbitration over Forte Oil sale
Business

Ardova awards Otedola $19m in arbitration over Forte Oil sale

Energy billionaire, Femi Otedola had won a $19 million arbitration award on the share purchase agreement surrounding the sale of Forte Oil, now Ardova Plc. According to Premium Times, the agreement was reached in response to a decision made by the London Court of International Arbitration in October. The agreement mandated that Ignite Investments and Commodities Limited’s Chairman, Abdulwasiu Sowami […]