|
|
|
| About Us |
|
Key Milestones
- 1991 - Signed a technical and commercial agreement with Castrol Burma and commenced marketing of Castrol products in Nigeria.
- 1995 - Commissioned its 1st modern retail outlet in Abuja and signed its BPA with PPMC
- 1996 - Secured part funding from IFC to build the first Castrol certified 35,000MT capacity lube blending plant in sub-saharan Africa at Sagamu interchange.
- 1998 - Company became PLC and its shares listed on NSE - first fully home grown publicly quoted integrated petroleum products marketing company
- Between 1998 ¡V 2001 Became a recognizable supplier of lubes and fuels with a portfolio of decent and reputable business entities - PHCN, EXXON MOBIL, DANGOTE INDUSTRIES, OBAJANA CEMENT COMPANY, LAFARGE WAPCO, ASHAKA CEMENT COMPANY, GUINNESS, UNILEVER, STRABAG, R.T. BRISCOE, NAFCON, ELIZADE MOTORS, ETERNIT, SCHLUMBERGER, INTELS, PPMC, SHIP & SHORE, WILBROS, DANTATA & SAWOE etc
- 2001 - Became the leading marine lubricants seller in Nigeria
- Between 2001 - 2003 attempted acquisition of AP together with Sadiq as co-core investors flopped and threw the company into a financial spin and distress, claiming its major revenue assets (stations) at Abuja and Lagos.
- In august, 2004 a group of investors approached the Company to acquire a strategic stake of not less than 30%. Subsequently, the new investor was admitted and offered management control
- In January, 2005 Restructuring and turnaround of the company commenced
- In 2006, Eterna won the prestigious Pearl Awards for achieving the Highest Turnover Growth amongst publicly quoted companies.
- On the 13th February 2007, the organisation re-branded to parade a new corporate identity. This also included the unveiling of new logo and lubricants.
- In April 2007, the Company raised fresh capital from its shareholders to boost its activities and competitiveness through an issue of 150 million shares of 50 kobo each at N9.95/share (N1.495b). The issue was 230% subscribed.
- In January 2008 the Standards Organisation of Nigeria (SON) acknowledged and certified Eterna’s Quality Management System as scrupulously meeting the requirements of the NIS ISO 9001: 2000 standard.
- In 2008, acquired a 30,000 metric tonnes capacity storage tank farm at Ibafon, Apapa for petroleum products.
- Also in 2008, acquired an Aviation Tank Farm in Abuja.
|
|
|
