National Wire About Nigerians, Nigerian Business and Other Stories
Conoil Appoints New Executive Director
The Board of Conoil Plc has approved the appointment of Mr. Ismail Salam as the Acting Executive Director Finance.
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Tag Archives: Conoil Plc
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 weather the stormy operating environment …
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Conoil Half Year Profit Soars, Predicts Bumper Harvest For Shareholders
The nation’s total energy provider, Conoil Plc has lived up to its pledge to maintain a growth momentum as the company’s recorded impressive performance in the first half of this year with profit soaring by 29 per cent to N809.78 million. The unaudited half year report of the company released by the Nigerian Stock Exchange (NSE) showed that notwithstanding the …
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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 per cent to $67.60 per …
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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 the years, to its shareholders. …
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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 per cent increase in dividend …
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