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Conoil Producing Ltd

Nigeria

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About

What Conoil Producing Ltd does.

Conoil Producing Ltd is Nigeria's complete energy provider, focusing on petroleum exploration and production, manufacturing and marketing of refined petroleum products. The company offers a range of lubricants including Quatro and Golden Super, and operates the leading market share in aviation fueling stations nationwide. Conoil also provides specialized bulk delivery services to industrial customers and distributes its Congas brand of liquefied petroleum gas through strategically located depots across Nigeria. Founded by Dr. Mike Adenuga Jr., the company has been providing retail business throughout the country, with an expansive distribution network that ranks among the fastest-growing in the industry. In 2023, Conoil proposed a dividend payment of ₦1.04 billion to its shareholders, translating to a dividend of 150 kobo for every 50 kobo share held.

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