Nigeria, Jan. 12 -- Eterna Plc has opened its long awaited N21.52 billion Rights Issue, signaling a decisive move to strengthen its balance sheet and accelerate growth across Nigeria's downstream energy market.

The integrated energy company is offering 978,108,485 ordinary shares of 50 kobo each at N22 per share, giving existing shareholders the chance to increase their holdings under favourable terms.



The offer, which opened on January 12, 2026, will run until February 18, 2026. Eligible shareholders can subscribe for three new shares for every four held as of November 27, 2025, with all new shares ranking equally with existing ones.



The News Chronicle gathered that proceeds from the exercise will be channelled into expanding E...