My people! Eterna Plc don raise di bar as dem launch one big Rights Issue wey dey worth ₦21.52 billion. Na so dem go push dia long-term growth strategy and make things beta for una shareholders!
This Rights Issue dey consist of 978,108,485 ordinary shares wey dem dey sell for just ₦22.00 each. Big money wey dem expect to raise, as dem talk say it go help make dem balance dem books and plan for better expansion for their business.
As e stand, di offer don open since January 12, 2026, and go run till February 18, 2026. If you be existing shareholder, make you no slack! You fit subscribe for three new shares for every four you dey hold since November 27, 2025. E go sweet you weybi say all di new shares go dey equal to di old shares wey don dey before.
Na for one big signing ceremony wey happen last December 2, 2025, shareholders don approve this waka wey dem plan. E be like say wetin dem talk say this move go help Eterna stay solid even as dem face some wahala for di downstream oil sector.
Omo, dem don perform well o! For Q3 of 2025 alone, dem record revenue of ₦55.2 billion, and for di nine months wey don pass, dem total profit be ₦212.8 billion with ₦1.39 billion for profit before tax. Na serious matter! Dis money wey dem go chop from di Rights Issue go help dem spread their wings for retail network, improve lubricant blending plant, and even upgrade dia LPG retail business.
But no stop there! E go also support dia aviation fuelling operation and all dem environmental projects wey dey align with sustainability. Na beta investment we dey see for this company!
Chairman Dr. Gabriel Ogbechie don talk say this Rights Issue na important step for Eterna to secure dem position as number one for downstream energy. Dem dey ready to catch any growth opportunity wey dem see for di value chain. Even with all di wahala wey dey for fuel price and global oil market, dem still manage to dey carry better strategies go front!
So, if you be investor or shareholder, dis na di time to shine your eyes. Eterna don dem dey plan big moves and na so value go dey follow! No forget say Planet Capital Limited dey lead di campaign as dem official advisers.
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