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CDN Oil meets Magma Group chair, Awwal Garba over business expansion, growth of Nigeria’s lubricant market


*Caption:* Nwokolo (left) and Garba (right) after an interactive session to discuss business expansion, value creation, investment and other sundry issues recently in Abuja.

CDN Oil and Lubricants Limited is partnering with an indigenous firm, Magma Oil Exploration and Production on business expansion, value creation and attracting investment to ensure growth of the country’s lubricant market.

Chairman and Chief Executive Officer of CDN Oil and Lubricants Limited, Chukwuka Daniel Nwokolo, in a statement, said the collaboration is part of efforts to ensure the firm becomes the best and first choice marketer of high quality, reliable and trusted synthetic engine oil and lubricant products across the globe.


According to him, “The team of CDN Oil recently met with the management of Magma Oil led by the chairman of the conglomerate, Alhaji Awwal Garba, a Nigerian and British trained economist and business mogul majoring in the oil and gas sector globally, to fine-tune strategies for business expansion, sales growth and ensure value for our investors and customers.

He noted that the partnership essentially reinforces the firm’s commitment to making its products closer and readily available to all consumers across country and to support the company’s growth plans.

Nwokolo noted: “During the business interaction, we discussed business expansion, opportunities in Nigeria’s lubricant oil market and other sundry issues including quality for product assurance and customer satisfaction, value for money and consumer protection as well as integrity for investment protection and business continuity.”

He said the synergy also helped map out strategies to tackle the various challenges and impediments to the growth of lubricant industry amid the global economic imbalances as a result of the coronavirus pandemic, assuring CDN Oil customers and investors a bright future looks and value for investment as the world economy gradually returns to normal.

The 33-year old CEO further reassured: “At, we remain committed to being best choice and leading marketer for engine oil and lubricants in Nigeria, Africa and the world at large, ensuring that our consumers gets nothing but our efficient, durable, trusted and high quality CDN engine oil.

“We are confident that this new partnership with Magma Oil, an indigenous oil exploration and production firm will further drive our determination to penetrate new markets and expand our distribution channels and horizon, helping our customers and investors to boost returns on their investment and ensure sustainable growth of our CDN Oil brand.”


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