Rainoil Limited
Bashar Busari, ACA, currently serves as the Assistant to the Head of Treasury and Investment Manager at Rainoil Limited, where responsibilities include reconciling foreign vendor accounts for petroleum products and managing trade obligations related to letters of credit. Previously, Bashar held the position of Account Officer, leading the account retail team to ensure reconciliation of sales and cash lodgments. Experience extends to Aquila Leasing Ltd. as a Senior Finance Associate, overseeing the preparation of monthly CBN reports and management accounts, and to FTI CREDIT LTD as an Associate Finance Analyst, focusing on transaction posting and financial reporting. Early in the career, Bashar worked as a Store Keeper at Danaplast Nigeria Limited, responsible for stock taking and quality checks. Educational qualifications include a B.Sc. in Finance from the University of Ilorin and completion of ICAN certification.
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Rainoil Limited
Rainoil Limited is an integrated downstream oil and gas company. A prominent player in the Nigerian industry, the company’s operations span across the downstream value chain i.e. Petroleum Product Storage, Haulage/Distribution and Retail Sales. Our primary products include Petrol (PMS), Diesel (AGO) and Kerosene (DPK). Rainoil Limited was incorporated in November 1994. Commencing business as a petroleum products marketing company in May 1997, the company’s assets base has grown over the last 20 years to include: • Bulk Storage - 3 ultra-modern petroleum product storage depots i.e. a 50 million litre capacity multi-product depot in Oghara, Delta State, a 50 million litre capacity multi-product depot in the Calabar Free Trade Zone, Calabar, Cross River State and a 50 million litre capacity multi-product depot in Ijegun, Lagos State • Retail Services - Over 70 retail outlets spread across the country. Our stations are strategically located in major cities such as Lagos, Abuja, Kaduna, Port Harcourt, Calabar, Uyo, Enugu, Onitsha, Asaba, Makurdi, Sapele, Lafia, Keffi etc. We have a large and diverse customer base of retailers who rely on us for supply of products. • Logistics - A fleet of over 80 tank trucks for efficient delivery of products to our network of stations and customers across the country. The fleet is frequently renewed through a deliberate truck acquisition policy. • Marine Services - 1 shipping vessel with a total carrying capacity of over 20,000 metric tonnes. Rainoil Limited remains a wholly indigenous company and a recognised player in the downstream oil and gas industry. The ultra-modern head office is located in Lekki, Lagos State.