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Ardova PLC
1 AP/ConOil Road, Ijora-Apapa
Phone: +234 12776100p:+234 12776100 VICTORIA ISLAND, Nigeria Fax: +234 12776129f:+234 12776129
On 5/12/2023, the Company was acquired by Ignite Investments & Commodities Limited
Business Summary
Ardova Plc is an integrated energy company in Nigeria. The Company is involved in the marketing of petroleum products. The Company manufactures and distributes a range of lubricants, which include Super V, Visco 2000, Diesel Motor Oil from its lubricating oil blending plant at its Apapa terminal in Lagos. It also procures and markets Liquefied Petroleum Gas (LPG). The Company’s segments include Fuels, which is engaged in the sale and distribution of petroleum products (white products) and Aviation Turbine Kerosene (ATK) in retail outlets and to industrial customers; Lubricants and Greases, which manufactures and sells lubricants and greases; Renewables, which sells solar system; LPG and Cylinder Sales, which sells Liquefied Petroleum Gas and cylinder Sales; and Haulage & transport services, which offers haulage and transportation services of products. It also provides aircraft refueling operations at its Aviation Joint User's hydrants in Ikeja and Joint Aviation depots in Abuja.
(Source: F-4)

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
12/31/202312/31/2022Yes----

Industries
SIC Code Description
5172 Petroleum and petroleum products wholesalers, except bulk station
2992 Lubricating oils and greases
2911 Petroleum refining
5983 Fuel oil dealers
5074 Plumbing and heating equipment and supplies (hydronics)
4213 Trucking, except local

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Non-Executive Chairman AbdulWasiu O.Sowami 6/20/2019 6/20/2019
Chief Executive Officer, Executive Director OlumideAdeosun 6/20/2019 6/20/2019
Chief Financial Officer, Executive Director MoshoodOlajide 6/20/2019 6/20/2019
11 additional Officers and Directors records available in full report.

Business Names
Business Name
African Petroleum Plc.
Amperion Power Distribution Company
Enyo Retail and Supply Limited
Geregu Power Plant

General Information
Number of Employees: 168 (As of 12/31/2022)
Outstanding Shares: 1,305,030,180 (As of 12/31/2023)
Shareholders: 162,380
Stock Exchange: NIG
Fax Number: +234 12776129
Email Address: investorRelations@ardovaplc.com


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Wednesday, April 24, 2024