{"id":25066,"date":"2018-07-16T11:32:57","date_gmt":"2018-07-16T10:32:57","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=25066"},"modified":"2018-07-16T11:32:57","modified_gmt":"2018-07-16T10:32:57","slug":"conoil-assures-shareholders-of-competitive-returns-on-their-investment","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/conoil-assures-shareholders-of-competitive-returns-on-their-investment\/","title":{"rendered":"Conoil Assures Shareholders Of Competitive Returns on Their Investment"},"content":{"rendered":"

The nation\u2019s total energy provider,\u00a0Conoil Plc has\u00a0reiterated its resolve to maintain its leadership position in the downstream petroleum sector by building a stronger financial position and creating higher values for its shareholders.<\/p>\n

At its\u00a048th<\/sup>\u00a0annual general meeting\u00a0held on\u00a0Friday in Uyo, Akwa Ibom State,\u00a0the company\u00a0assured its shareholders that conscious efforts will be directed at achieving better execution of value-added products and services especially in the areas of marketing and customer management.<\/p>\n

While noting that 2018 would be tough given the current state of the nation\u2019s economy, it however, expressed optimism that it would strive hard to maintain profitability.<\/p>\n

Spurred by shareholders\u2019 words of encouragement after the meeting had ratified a total dividend cash payment of\u00a0N1.4 billion, which translates to 200kobo for every 50kobo share held, the company promised to explore opportunities in the coming years to deliver solid financial results and increase competitive returns on its shares.<\/p>\n

The Chairman, Conoil Plc, Dr Mike Adenuga (jnr), was quoted in a statement as saying the company was fully charged to consolidate its competitiveness in the different segments of its business by exploring and developing emerging markets while holding its grounds in areas where it has competitive advantage.<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

Towards this goal, the company announced the introduction into the market, another brand of quality engine oil, Conoil Crown Heavy Duty Oil manufactured specially for the mass market of car owners.<\/p>\n

\u201cWith the introduction of this product\u201d, Dr Adenuga said, \u201cwe are poised to fill the yawning void in the industry as a pragmatic marketer of first choice\u201d.<\/p>\n

The company expressed gratitude to its stakeholders for their support for the modest progress it recorded in spite of the odds and the unfriendly business environment it operated last year.<\/p>\n

Going forward, it promised to re-channel its resources with a view to strengthening its business for the long haul.<\/p>\n","protected":false},"excerpt":{"rendered":"

The nation\u2019s total energy provider,\u00a0Conoil Plc has\u00a0reiterated its resolve to maintain its leadership position in the downstream petroleum sector by building a stronger financial position and creating higher values for its shareholders. At its\u00a048th\u00a0annual general meeting\u00a0held on\u00a0Friday in Uyo, Akwa Ibom State,\u00a0the company\u00a0assured its shareholders that conscious efforts will be directed at achieving better execution …<\/p>\n","protected":false},"author":6,"featured_media":17766,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[1219],"coauthors":[2391],"class_list":["post-25066","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-conoil"],"yoast_head":"\nConoil Assures Shareholders Of Competitive Returns on Their Investment - National Wire<\/title>\n<meta name=\"description\" content=\"The nation\u2019s total energy provider,\u00a0Conoil Plc has\u00a0reiterated its resolve to maintain its leadership position in the downstream petroleum sector by building a stronger financial position and creating higher values for its shareholders.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/conoil-assures-shareholders-of-competitive-returns-on-their-investment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Conoil Assures Shareholders Of Competitive Returns on Their Investment - 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