Nigerian billionaire Mike Adenuga’s Conoil reports $7.4 million in profits in 2021
Conoil is a petroleum marketing corporation led by Adenuga, who owns 74.4 percent of the company.
Conoil is a petroleum marketing corporation led by Adenuga, who owns 74.4 percent of the company.
Adenuga, the founder of Globacom and a billionaire businessman, is the chairman of the board of Conoil.
As of Sept. 24, shares in the company were trading at a record three-year high of $0.0596 per share.
Its revenue expanded from $139.63 million to $164.27 million.
Conoil has been a leading petroleum marketer in Nigeria since the proliferation of cars in the 1920s.