Nigerian oil magnate Gabriel Ogbechie’s Eterna launches $14.9 million rights issue
Billionaires Africa | 04.12.2025 12:04
Eterna Plc, the Nigerian downstream energy company backed by oil mogul Gabriel Ogbechie, has opened a N21.5 billion ($14.9 million) rights issue as it pushes to strengthen its finances and expand its operations. The move signals a renewed phase for the company as it seeks to place itself on firmer ground after a volatile period in the industry.
