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Conoil Q3 Turnover Soars, As Post Tax Profit Hits N1.6billion

Major petroleum products marketer, Conoil Plc has reported growths in its unaudited third quarter results for the current financial year. Aided by a strong growth in sales volume and a significant reduction in cost of funds, the results, which was released to The Nigerian Stock Exchange (NSE) over the weekend, showed that Conoil continued to […]

Oil Price Drops To $73 Over Jump In US Inventories

Crude oil prices dropped by over one per cent wednesday with the global benchmark crude, Brent slumping by $1.7 or 1.2 per cent, while the United States crude declined by $1.07 or 1.7 per cent after data showed that the United States’ crude inventories rose unexpectedly. While the US West Texas Intermediate (WTI) dropped 1.2 […]


Conoil Declares N1.4Billion Dividend

Conoil Plc, one of the nation’s foremost indigenous petroleum marketer has proposed N1.4billion as dividend payout to its shareholders for its last financial year in the face of daunting economic challenges in the country. This translates to N2.00 on every 50 kobo ordinary share. It is in line with the Company’s consistent dividend policy, over […]

Conoil Profit Rises by 176%, proposes 200% dividend increase payout

Conoil Profit Rises by 176%, proposes 200% dividend increase payout Conoil has announced a 176 per cent increase over its last financial year profit despite the turbulence that rocked the nation’s economy and indeed, the downstream sector of the petroleum industry in 2015. Following this impressive performance, the oil marketing giant has proposed a 200 […]