Conoil announced that it will invest over NGN 5 billion to build a new lubricant manufacturing plant and filling lines, in addition to its lubricant plant in Apapa, Lagos, to significantly increase its engine oil production capacity. The substantial increase in lubricant production is projected to boost the company's bottom-line while also increasing significantly its industry share in the lubricant segment.
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+0.29% | 3.56B | |
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+1.01% | 1.38B | |
+0.07% | 1.1B |
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- Conoil to Invest NGN 5 Billion to Build New Lubricant Manufacturing Plant and Filling Lines