Eterna Plc has announced the resignation of Dr. Bunmi Agagu-Adu from its Board of Directors, bringing an end to her tenure as Executive Director of the energy company.
In a corporate disclosure filed with the Nigerian Exchange Limited (NGX) on June 2, 2026, the company stated that Dr. Agagu-Adu’s resignation took effect on May 25, 2026.
The company did not disclose the reason for her departure.
Eterna said the Board of Directors has accepted the resignation and expressed appreciation for her contributions to the company during her time in office.
“The Board of Directors expresses its sincere appreciation to Dr. Agagu-Adu for her dedicated service, commitment, and valuable contributions to the growth and development of the Company during her tenure,” the company stated.
The Board also wished her success in her future endeavors.
Dr. Agagu-Adu served as Executive Director during a period in which Eterna continued efforts to strengthen its operations across Nigeria’s downstream petroleum sector.
Her exit comes at a time when companies in the oil and gas industry are positioning for new opportunities amid ongoing reforms and evolving market dynamics.
While the announcement did not indicate any immediate replacement or changes to the company’s executive management structure, investors are expected to monitor future disclosures from Eterna regarding Board composition and strategic leadership plans.
Eterna Plc, a listed energy company on the Nigerian Exchange, operates in fuel marketing, lubricant manufacturing, aviation fueling and other petroleum-related services.
The company remains focused on expanding its market position within Nigeria’s competitive downstream oil and gas industry.
The resignation takes effect immediately with the company assuring shareholders and the investing public of continued commitment to its business objectives and corporate governance standards.
