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Tag: Eterna Plc

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Eterna appoints Jude Nwaulune as new MD/ CEO

Eterna Plc has announced the appointment of Dr. Jude Nwaulune as its new Managing Director and Chief Executive Officer, effective 14 May 2026. His appointment follows the resignation of Mr. Olumide Adeosun, who stepped down from the position on 13 May 2026. In its statement, the board commended Adeosun for his leadership and contributions during […]

Business

Eterna Q1 profit doubles as revenue hits ₦70.5bn

Eterna Plc has recorded a stronger Q1 2026 performance, with pretax profit rising to N1.6 billion from N1.4 billion in the corresponding period of the previous year. This growth was anchored on a revenue base of N70.5 billion, down from N73.2 billion in the prior year, with fuel sales contributing 92.8 per cent, lubricants 7 […]

Business

Eterna Plc announces N10bn rights issue for expansion

Eterna Plc, a major player in Nigeria’s energy sector, has announced plans to raise N10 billion through a rights issue involving the offer of 978,108,485 new ordinary shares priced at N22.00 per share. The rights issue is structured on the basis of three new shares for every four shares held by shareholders whose names appeared […]

News

Eterna launches direct aviation fuel supply at Lagos airport

Eterna Plc, an integrated energy provider in Nigeria, has announced a significant milestone with the launch of its “into-plane Jet-A1 fuel operations” at Murtala Muhammed Airport in Lagos. This development follows the successful commissioning of the Joint User Hydrant Installation 2 facility, which has a storage capacity of 15 million liters of Jet A1 fuel, […]

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