Conoil PLC

2011-Nov-22 Shareholders of Conoil Plc are in for bountiful returns going by the consistency in its returns to the Nigerian Stock Exchange (NSE) since the beginning of the current financial year.

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2011-Sep-28 In line with the global trend for a greener and cleaner environment, Conoil has outlined its determination to popularize the use of Liquefied Petroleum Gas (LPG) in Nigeria as the preferred energy source for industrial and domestic applications.
Lamenting the degradation caused the environment through the use of firewood and the out-of-reach price and irregularity in supply of Household Kerosene (HHK) popularly called kerosene, the company promised to make its brand of LPG, known as Congas available to the generality of Nigerians at affordable price in correct quantity and quality.
 
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2011-Aug-17 Conoil Plc has rekindled its first quarter glowing performance with yet another impressive outing for the first half of the year.
Unaudited report of the oil marketing giant from January – June 2011 and approved by the Nigerian Stock Exchange showed that its profit before tax rose from N1.78 billion in 2010 to N3.50 billion in 2011 representing 97per cent increase.
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2011-Jul-22 The Petroleum Equalisation Fund (PEF) has chosen Conoil Plc, Nigeria’s foremost petroleum products marketer as pioneer partner for the implementation of its new electronic-loading and payment device co-named “Project Aquila”. 
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2011-Jul-22 Frontline petroleum products marketer Conoil Plc, at the weekend held its maiden Distributors Award Night, where it rewarded 11 distributors for their outstanding performance in the marketing of the company’s lubricants over the past years.
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2011-Jul-12 Chairman of Conoil Plc, Dr. Mike Adenuga has re-emphasised the company’s unwavering commitment to sustained growth momentum that would guarantee real value for customers and competitive returns for the shareholders.
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2011-Jul-12 Frontline petroleum products marketer, Conoil Plc honoured its lubricant distributors for their outstanding performance at a colourful ceremony held on July 8, 2011, in Lagos. A total of 11 distributors across the country were celebrated at the company’s maiden distributors’ award night which also witnessed the launch of two new lubricants, “Quatro Heavy Duty Genset oil” and “Golden Super Generator oil”.
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2011-May-29 Foremost petroleum products marketer, Conoil Plc, recorded a total N506 billion in turnover in the past five years, reflecting the company’s sustainable growth and determination to maintain its enviable record of profitability and shareholder value.
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2011-May-24 There are strong indications that shareholders of Conoil Plc may reap bountifully this financial year, as the foremost oil marketing company has recorded a substantial leap in profit and turnover in the first quarter of 2011.


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2011-Mar-15 CONOIL SETS HIGH STANDARDS IN LPG PRODUCTION

Production and distribution of Liquefied Petroleum Gas (LPG), better known as cooking gas, at CONGAS, the state-of-the-art bottling plant built by Conoil Plc, has once again set the company ahead in the provision of services that are of world-class standards to consumers

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2010-Nov-02 Nigeria’s frontline petroleum products marketer Conoil Plc, recently came under the spotlight in the automobile sector with its launch of a new brand of lubricant called Okada Golden Super, a new engine manufactured by the company specially for motorcycles and tricycles.
 
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2010-Oct-12 For the oil and gas industry, the year 2009 was a particularly difficult one. This was due to the uncertain business environment that prevailed then, coupled with concerns over the impending reforms which expectedly will affect the structure and processes of the sector. The years ahead portend even greater challenges and demand pragmatism on the part of the players in the industry.
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2010-Oct-12 Conoil Plc has embarked on intensive investments in the core areas of the downstream business, in a renewed effort to boost market share for greater shareholders’ returns. According to the management, the focus of the current initiative is to expand the company’s scope and establish new streams of income to further strengthen its competitive edge.   
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2010-Oct-12 …to ease fuel scarcity in South-South, South-East, North.
Efforts by the Federal Government to boost petroleum products supply and distribution in the country has received an extra fillip as frontline marketer, Conoil Plc has constructed an ultra-modern fuel depot, in the country’s oil capital Port Harcourt, Rivers state almost equal in size in terms of storage capacity as its flagship depot in Apapa, Lagos.
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2010-Jul-16 Chairman of Conoil Plc, Dr. Mike Adenuga (Jr.), took a peep into the future of the downstream business at the weekend and declared that the erratic economic environment would not deter the company from maintaining its growth momentum, building value for customers and delivering competitive profitability...
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2010-Apr-27 Conoil Pic has undertaken a multimillion-naira expansion scheme aimed at boosting its competitive edge and market share in the core segments of the downstream petroleum busfne The focus of the new enterprise will be on lubricants, retail and aviation fuel subsector.
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2010-Apr-15 Shareholders of Conoil Plc at the weekend reviewed the company’s annual reports and financial accounts for the year ended December 2008, noting that the board and management performed creditably under the prevailing circumstance.
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