Ardova Archives — City Business News

December 21, 2024 No Responses

Ardova Reiterates Future Agenda Through Innovations

Fast growing energy company, Ardova Plc has reiterated it commitment to boost productivity in the Energy Sector through various innovations. Speaking at an interactive session with Journalists in Lagos as part of activities to mart its 60th anniversary, the management...

November 26, 2024 No Responses

Ardova Unveils Lubricant Plant, Strengthens Partnership With Distributors

Ardova Plc has set a new benchmark in the lubricants market with the unveiling of its state-of-the-art lubricant oil blending plant (LOBP).With a production capacity of 150 million litres per annum and a storage capacity of 14 million litres, the...

February 19, 2024 No Responses

Ardova’s Ijora Terminal Begins Operations In March

Ardova Plc’s (AP) newly upgraded terminal in Ijora, Lagos, is set to commence operations in March 2024.Mr. AbdulWasiu Sowami, the Group Executive Chairman of Ardova Plc stated this during the pre-commissioning tour of the facility by the Nigerian Midstre...

September 1, 2023 No Responses

Ardova CEO, Olu Adeosun, Resigns

By Moses Ebosele, ebosele@hotmail.com — Ardova Plc has announced the resignation of its Chief Executive Officer (CEO), Olu Adeosun with effect from August 31, 2023. In a statement sent to City Business News, the company explained that...

June 5, 2023 No Responses

Ardova Shareholders Okay Transfer Of Shares At N17.88 Per Share

The shareholders of Ardova Plc, at a Court Ordered Meeting held in Lagos, on Wednesday, 31 May, 2023, approved the Scheme of Arrangement for the holders of its fully paid ordinary shares of 50 kobo each, subject to the approval...

July 7, 2022 No Responses

Ardova Declares N1.54b Profit For 2021

For the financial year ended December 31, 2021, Ardova Plc (AP) has reported a profit of N1.54 billion. In its audited financial statements and first quarter (Q1) 2022 unaudited financial results which were released on Thursday, Ardova Plc explained that...

July 3, 2022 No Responses

Ardova To File 2021 Audited Financial Statement

The Board and Management of Ardova Plc (Ardova), at the weekend, allay concerns over the recent suspension of trading of the company’s securities on the Nigerian Exchange Limited (NGX) over the late filing of its 2021 Audited Financial Statements. The....

July 2, 2022 No Responses

NGX Suspends Ardova, Niger Insurance, C&I Leasing, Others

The Nigerian Exchange Limited (NGX) has suspended nine companies, effective Friday, 1 July 2022, having failed to file their Audited Financial Statements for the year ended 31 December 2021. The companies according to a statement from the NGX include Afr...

November 17, 2021 No Responses

Ardova Completes N25.3b Series 1 Bond

Ardova Plc (AP) has successfully completed the N25.3billion Series 1 Fixed Rate Senior Unsecured Bond issue under its N60 billion debt issuance programme. Chief Executive Officer of AP, Mr Olumide Adeosun,in a statement on Wednesday explained that the ...