Eterna Plc was incorporated in Nigeria as a private limited liability company in 1989. In 1997, it became a public company. The company's shares which are currently quoted on the Nigerian Stock Exchange were first listed in August 1998. The principal activities of the company are the manufacturing and marketing of lubricating oils and petrochemicals, importation and sale of fuels through its retail outlets, gas, power, upstream supply and technical services for companies in the oil industry.