Eterna positions strategically in downstream oil sector

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The board of Eterna Plc has assured that the company is optimistic on its future outlook having employed innovative and trusted procedures to achieve business efficiency, The Nation reports.

Speaking at the annual general meeting in Lagos, Chairman, Eterna Plc, Lamis Dikko, said the company has established a proven strategic framework to sustain profitability in the years ahead. He added that the firm has engaged in major product updates through new licenses, renewal of existing licenses and the relaunch of its newly packaged lubricants.

He said the company has successfully acquired the sole licence to distribute and blend Castrol brand of Automotive and Industrial lubricants in Nigeria. He also stressed that the firm gives special attention to building both external and internal relationships, adding that such relationships minimize inefficiencies and aggressively increases sales and market penetration.