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FG now spends N600bn monthly on petrol subsidy, Rainoil CEO claims

    FG now spends N600bn monthly on petrol subsidy, Rainoil CEO claims

Gabriel Ogbechie, chief executive officer (CEO) of Rainoil Limited, claims the federal government (FG) now spends N600 billion on petrol subsidy monthly. Ogbechie spoke on Tuesday during the Stanbic IBTC

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Rainoil completes acquisition of major stake in Eterna Plc

    Rainoil completes acquisition of major stake in Eterna Plc

Rainoil Limited has completed the acquisition of majority shares in Eterna Plc, a publicly listed oil and gas company. Through its investment arm, Preline Limited, Rainoil acquired 794,969,774 ordinary shares

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