Rainoil Limited
ROLAND UGBONAGHARA is an accomplished finance professional with extensive experience in treasury and investment management. Currently serving as the Head Treasury and Investment Management at Rainoil Limited since November 2022, ROLAND advises management on cash-flow implications and manages bank balances to ensure operational efficiency. Previous roles include Senior Treasury Manager at Viramsun Nigeria Limited, Treasury Manager at Triton Group, and Head of Finance and Accounts at Sapphire Virtual Networks Limited, among others, where ROLAND honed skills in cash flow management, bank relationship management, financial reporting, and budgeting. ROLAND holds an MBA in Finance from Obafemi Awolowo University, is a member of the Institute of Chartered Accountants of Nigeria (ACA), and currently pursuing the Fellow Chartered Accountant (FCA) designation.
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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.