Ardova Overview

  • Founded
  • 1964

Founded
  • Status
  • Acquired/​Merged

  • Employees
  • 169

Employees
  • Latest Deal Type
  • 2ndary - Private

  • (Upcoming)
  • Financing Rounds
  • 9

  • Investments
  • 1

Ardova General Information

Description

Ardova PLC integrated energy company in Nigeria involved in the marketing of petroleum products. The company also provides aircraft refueling operations at its Aviation Joint User's hydrants in Ikeja and Joint Aviation depots in Abuja, Port Harcourt, and Kano as a provider of aviation fuel for local and international airlines. It also procures and markets Liquefied Petroleum Gas. It manufactures and distributes a wide range of quality lubricants, which include Super V, Visco 2000, and Diesel Motor Oil from its lubricating oil blending plant at its Apapa terminal in Lagos. The company is the sole authorized distributor of Shell Engine Oils and Lubricants for the Nigerian market. the company is also into renewable energy.

Contact Information

Formerly Known As
Forte Oil plc., African Petroleum Limited (AP)
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Corporate Backed or Acquired
Primary Industry
Gas Utilities
Parent Company
Ignite investments and commodities
Former Stock Listing
ARDOVA
Primary Office
  • 1 AP/ConOil Road
  • Ijora-Apapa
  • Lagos
  • Nigeria
+234 01 000 0000

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Ardova Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Ardova Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Ardova PLC integrated energy company in Nigeria involved in the marketing of petroleum products. The company also provid
Gas Utilities
Lagos, Nigeria
169 As of 2021
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Nairobi, Kenya
0000 As of 0000
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Ardova Competitors (1)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
0000 000000000 000 Corporate Backed or Acquired Nairobi, Kenya 0000 000000&0
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Ardova Executive Team (9)

Name Title Board Seat Contact Info
Olumide Adeosun Chief Executive Officer
Moshood Olajide Chief Financial Officer
Oluseun Ismail Treasurer
Abdulwasiu Sowami Chairman
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Ardova Board Members (2)

Name Representing Role Since
0000000000 000000 Self Chairman 000 0000
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Ardova Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Ardova Former Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Ardova Acquisitions (1)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
0000 000000 0 15-Nov-2021 0000000000 Other Utilities
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Ardova Subsidiaries (1)

Company Name Industry Location Founded
0000 000000 000 00 Other Utilities Lagos, Nigeria 0000
To view Ardova’s complete subsidiaries history, request access »