Nigerian energy company, Ardova has issued NGN60 billion (USD146 million) in bonds as part of a debt issuance programme, raising funds for expansion and its working capital.

Headquartered in Lagos, Ardova operates downstream retail and supply businesses, including aviation fuel, motor oil and lubricants in Nigeria and Ghana, and has invested in the power plant sector.

For more information, please see https://iclg.com/alb/17452-nigerian-oil-company-raises-funds