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RAK Unity Petroleum Company Plc (NGX: RAKUNITY) Share Price

Nigel Firth
Nigel Frith trader
Updated 27 Sep 2022

Overview of RAK Unity Petroleum Company Plc

Rak Unity Petroleum Company Plc is a Nigerian company engaged in the retail and wholesale distribution of a variety of petroleum products.

The bulk division of Rak Unity Petroleum Company Plc distributes petroleum products in bulk, the retail section sells petroleum products via a network of retail shops in key towns and cities, and lubricants are sold in collaboration with a worldwide producer.

Today, RAK Unity Petroleum Company Plc’s portfolio of products and services are diversified in more sectors of the Energy value chain and include the following: the sale and distribution of petroleum products, storing of oils, gas, kerosene, filling stations and erecting of structures. The Retails segment handles the sale of petroleum products through retail outlets and a Dump segment sells petroleum products through dumpsites provided at customers premises.

The history of RAK Unity Petroleum Company Plc goes back to 1982 when the company was established, and it was listed on the Nigerian Stock Exchange (NGX) on March 21, 1989.

RAK Unity Petroleum Company Plc has its head offices at Block 5, Water Corporation Road, Ijora, GRA, Lagos, Nigeria.

The current CEO or managing director of RAK Unity Petroleum Company Plc is James Ogungbemi.

RAK Unity Petroleum Company Plc’s equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol RAKUNITY.

RAK Unity Petroleum Company Plc forms part of the Oil & Gas Operations Industry and the Energy Sector of the Nigerian Stock Exchange (NGX).

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RAK Unity Petroleum Company Plc

RAK Unity Petroleum Company Plc Stock Performance

The current price for RAK Unity Petroleum Company Plc stocks on the Nigerian Stock Exchange (NGX) is 0.30 Nigerian Naira (NGN). RAKUNITY had its last trading day on Monday, October 12, 2020.

An analysis of financial data of RAK Unity Petroleum Company Plc showed that the company has a total market capitalisation of 17 Million NGN, and the number of shares outstanding is 56.6 Million.

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

According to an analysis on the live chart of RAK Unity Petroleum Company Plc, analysts forecast further improved performance for the Energy sector with market share growing as trading volumes increase.

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Highlights of RAK Unity Petroleum Company Plc in 2021/2022

RAKUNITY had its last trading day on Monday, October 12, 2020. No more information about the stocks are available.

How to buy RAK Unity Petroleum Company 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 RAK Unity Petroleum Company 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, “RAKUNITY”.
  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.

FAQs

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.

The NGX30 and NGX50 are additional indices that track the top 30 and 50 companies in terms of market capitalization and liquidity respectively. Only fully paid-up common shares weighted by adjusted market capitalization are admitted to these indices.

In March 2021, the Nigerian Stock Exchange was transformed into a shareholder-owned, profit making entity, the Nigerian Exchange Group Plc, when it was demutualised from a member-owned not-for-profit entity.

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Nigel Firth
Nigel Frith trader
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.