₦airaland Forum

Thank god, it is Friday.

Last post.

Allah kiyaye!

Aye


F

incorruptable

Something something something BYL

kicking

Pls don't go too far o.

Hello my fellow NL born in May. This is to wish all of you a happy birthday. Remember me on May 25th. Jah bless.

Agama lizard nodding BYL

mew mew _{pussy cat}

Subconsciousness

b - 576

When will the sun turn to a star?

Customize it please.

prayed for her, but

Screwdriver BYL

pinch him and run

Run to where? Into the sea?


@ Post
I will be happy.

Mastication

b -578

Eterna Oil floats N8.6b hybrid offering
By Gbenga Agbana & Taiwo Hassan

DESPITE the lull in activities in the stock exchange market currently, Eterna Oil Plc has concluded arrangements to raise about N8.6 billion from the primary market through a hybrid issue packaged by Radix Capital Partners and Meristem Securities Limited as issuing houses.

Specifically, the hybrid offering, which opens between April 14 and 30, involves an offer for subscription of 287 million ordinary shares of 50 kobo each at N11.50 per share and a rights issue of 533 million ordinary shares of 50 kobo each at N9.95 per share.

According to the prospectus, the offer is being undertaken to secure the growth of the company by providing the capital required for producing key distributive facilities and upgrading existing key coastal and inland product storage terminals, upgrade existing lubricant plant, expand retail outlets, provide LPG/NG infrastructure and additional working capital.

Already, the public offering has been underwritten by 80 per cent on firm basis by the joint issuing houses in Radix Capital Partners Limited and Meristem Securities Limited.

Speaking at the completion board meeting held yesterday, in Lagos, the Managing Director of Radix Capital Partners Limited, Mr. Biodun Dabiri said the company has the potentials to sell its own shares and give adequate return to shareholders.

Besides, he said the offer is being undertaken at this time to reassure investors that the Nigerian stock market is not that bad as the indices currently portrays.

Dabiri said: "We are excited about the offer. We need energy in every sphere of our daily life. The offer is being done at a meltdown price. The price in the secondary market is N26.68. So, it's done about 60 per cent discount. I encourage you shareholders to support the company.

"The public offer is 80 per cent underwritten, which shows there is nothing to be afraid of. It is attractive. It is our stimulus package for the market, because people have waited for the government to come to the rescue of the market. We have taken the bold step," he added.

Etema Oil was incorporated on January 13, 1989 as a private limited liability company under the name Etena Oil and Gas Limited.

The company became a limited company on November 4, 1997. It engages in the manufacturing and sales of lubricating oils, importation and bulk/retail sale of petroleum products, lubricants/fuels, natural gas distribution and marketing, LPG, offshore and inshore oil services and equipment supply services for the energy sector.

The company has a technical trading relationship with Castrol, a producer and marketer of synthetic and conventional motor oil and lubricant, through which the company blends and supplies Castrol market lubricants to the shipping industry.

Guardian Newspapers

This is  unfair and a sad development  for a notable member like Funmi Deepzone to retire(?)  without a formal farewell to this honorable e-family. Funmi, we are waiting for your parting words.

Very often. because, its my little prayer.


WLDY sing Bob Marley's song "One Love"?

Immediately, her fear gave way for her emotion. And her emotion started running wild.

End of discussion BYL

Cosmopolitan

just wat

i dont trust u o!!

Please, trust me to the limit of human trustworthiness. Then leave the rest to god.