CDN Oil Targets N7bn Revenue with Expansion into Five more States

Ugo Aliogo

…penetrates Nasarawa, Anambra, Niger, Kano, Kaduna

CDN Oil and Lubricants Limited, has disclosed that it is targeting a revenue of N7bn for the 2024 financial year with the expansion of its quality and affordable premium engine oil products into five more States.

The Head of Sales and Marketing at CDN Oil and Lubricants, Ihetu Adaobi Chidalu, who disclosed this in a chat with journalists in Abuja, the Federal Capital Territory, said the company now has a presence in about 11 States across the Federation.

She said the company has successfully penetrated five additional States including Nasarawa, Anambra, Niger, Kano, and Kaduna States, in line with its ongoing massive expansion plans.

According to Chidalu, “We are proud of the significant growth and expansion we have continued to record at CDN Oil and Lubricants Limited over the past few years as a result of deliberate and strategic efforts to broaden our reach and service offerings to meet the demands of our growing customer base.

We have recently expanded our operations to five additional States, raising to 11, the total number of States in which we now have a strong presence and expect a projected revenue of over N7bn for the 2024 financial year with the increase in our operational base. The five new States include Nasarawa, Anambra, Niger, Kano, and Kaduna States.”

Reassuring a brighter future for the firm, as well as for its investors and distributors nationwide, the firm’s head of marketing said the company will continue to strengthen its business strategies and model, ensuring greater value and increased returns on investment for its investors and loyal customers.

She stated, “Since our entrance into Nigeria’s oil and lubricant market over the past seven years, CDN Oil and Lubricants has remained strong and unshaken as a dominant and superior engine oil and lubricants brand in all States where our products are available and with our dedicated team of marketers and partnerships with investors distributors, we are even more confident to emerge even stronger and more resilient.

“We will continue to penetrate new markets and expand our distribution routes, in partnership with our loyal customers and other stakeholders until the CDN brand becomes a household name for quality, affordable, and reliable lubricant products across Nigeria and the African continent.”