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Eterna Plc (NGX: ETERNA) | Share Price

Nigel Firth
Nigel Frith trader
Updated 20 May 2024

Eterna Plc is a Nigeria-based fuel manufacturing company listed on the Nigerian Stock Exchange (NGX). Eterna Plc is engaged in the manufacturing and marketing of lubricating oils and petrochemicals, importation and sale of fuels through its retail outlets, gas, power, upstream supply and technical services for companies in the oil industry.


Overview of Eterna Plc

Eterna Plc has a technical trading relationship with Castrol BP, leaders in global lubricant technology and specialty chemicals giving it exclusive rights to import and market Castrol products in Nigeria and the ECOWAS sub-region. Eterna Plc has a lube blending plant with a state-of-the-art laboratory that produces Castrol products as well as a coastal tank farm in Lagos, an aviation depot at Nnamdi Azikwe International Airport in Abuja, a coastal storage facility in Ikot Abasi and Akwa Ibon state and filling stations in the major towns and cities of Nigeria.

Eterna Plc

Today, Eterna Plc’s portfolio of products and services are diversified in more sectors of the energy value chain and include the following: the manufacturing and selling of a range of lubricants and petroleum products, import of fuels for the retail, industrial, agricultural, automotive, marine and energy sectors in Nigeria.

The history of Eterna Plc goes back to 1991 when the business was established as Eterna Oil & Gas Limited. It was re-registered as a public limited company in 1997 and listed on 1 August 1998.

Eterna Plc has its head offices at 5A Oba Adeyinka Oyekan Ave, Ikoyi 106104, Lagos, Nigeria.

The current CEO of Eterna Plc is Nnamdi Obiagwu.

Eterna Plc's equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol ETERNA.

Eterna Plc forms part of the Oil & Gas Operations Sector of the Nigerian Stock Exchange (NGX).

Eterna Plc

Eterna Plc Stock Performance

The current price, at the time of writing, for Eterna Plc stocks on the Nigerian Stock Exchange (NGX) is 7.70 Nigerian Naira (NGN).

An analysis of financial data of Eterna Plc showed that the company has a total market capitalisation of 10 Billion NGN, with a Price/Earning ratio of 10.27 and earnings per share of 0.75 NGN. A total of 1.3 Billion shares were outstanding.

Eterna Plc had profits of 1,234.89 million NGN and operating income of 315.26 million NGN for the second quarter of 2021, which ended in June, with revenues of 23,600 million NGN.

With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell Eterna Plc stocks can look forward to more profitable dividends and earnings in times to come.

According to an analysis on the live chart of Eterna Plc, analysts forecast further improved performance for the Oil & Gas sector with market share growing as trading volumes increase.

Highlights of Eterna Plc in 2021

Eterna Plc started the current financial year (2021) with a share price of 5.10 Nigerian Naira (NGN) on the Nigerian Stock Exchange (NGX), and it has gained 51% in value on its price valuation, ranking 22nd on the NGX with its year-to-date performance.

Eterna Plc is currently the 58th most-traded stock on the NGX and it has experienced a total trading volume of more than 34.2 million shares, which were finalised in 1,400 deals and were valued at a total of 240 million Nigerian Naira (NGN) over the recent three month period from July to October 2021, with an average of 542,533 shares in each trading session.

During the same period a volume high of 5.08 million was achieved on 26 July and a low of 2,489 on 24 August.

Shareholders can be optimistic about ETERNA since the stock has accrued 15% over a recent four-week period, the 14th best on NGX.

How to buy Eterna Plc stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders participating daily. To buy, sell or trade Eterna Plc stocks on the Nigerian Stock Exchange (NGX), traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “ETERNA”.
  2. Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
  3. Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. Once your account has been activated, you are ready to make your first share purchase through the broker.
  6. From here you can start to build and diversify your portfolio by buying more shares.


The Nigerian Stock Exchange (NGX) (officially the Nigerian Exchange Group) is a leading integrated market organisation in Africa servicing the continent’s largest economy, that of Nigeria. The Exchange provides capital access to companies that seek to take advantage of the financial markets to fund their business expansion. The NGX also provides its collection of domestic, regional, and international investors with an array of regulated securities to achieve their investment objectives.

The NGX publishes the benchmark, value-weighted All-Share Index (ASI), formulated in January 1984 with a base value of 100 and which tracks the general market movement of all listed equities on the Exchange.

Nigel Firth
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.