Eterna Plc Director Sells Nearly 49,000 Shares in Insider Transaction Disclosure

Eterna Plc has disclosed a significant insider transaction involving one of its board members. According to a corporate filing dated August 7, 2025, Emmanuel Omuojine, a Non-Executive Director of the company, sold a total of 48,880 ordinary shares of Eterna Plc on August 5, 2025. The shares, listed under ISIN code NGETERNAOIL1, were sold in multiple tranches at prices ranging from ₦38.30 to ₦38.60 per share, resulting in an average price of ₦38.45.

The transaction took place in Lagos and was formally reported as an initial notification by the company’s secretary, David Edet. This move comes amid heightened scrutiny of director dealings across Nigeria’s capital markets, as investors increasingly monitor insider activity for signals about company performance and governance.

Eterna Plc, known for its exclusive licensing of Castrol products in Nigeria, continues to maintain a robust board structure with a mix of executive and non-executive directors. The company’s latest disclosure underscores its commitment to transparency and regulatory compliance in line with Nigerian Exchange requirements