Initiates PLC
NNSENG:TIP24.70
NGN
+0.70
(+2.92%)
ISIN
NGINITSPLC05
Return %
Stock
S&P 500
1Y
90.00
14.20
3Y
2,511.75
81.12
5Y
6,156.04
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Reuben Mustapha Ossai
- Full Time Employees
- 60
- Sector
- Commercial services
- Industry
- Miscellaneous commercial services
- Address
- Port Harcourt Nigeria
- IPO Date
- Nov 1, 2016
- Website
- initiatesgroup.com
- Similar Companies
- Business
- The Initiates Plc is a Nigeria-based provider of integrated waste management, industrial cleaning, and environmental engineering services. Founded in 1995 and headquartered in Port Harcourt, Rivers State, Nigeria, the company primarily serves clients in the upstream and downstream oil and gas, manufacturing, maritime, telecommunications, and government sectors across Nigeria and the West African sub-region. The company operates through three principal business segments: Waste Management, Industrial Cleaning and Decontamination, and Environmental Engineering and Consultancy. Its core service offerings include hazardous and non-hazardous waste collection, transportation, and disposal; thermal desorption unit treatment for drill cuttings, oil-based muds, and oily sludge; high-temperature hazardous, pharmaceutical, and medical waste incineration; electrical and electronic waste recycling and disposal; naturally occurring radioactive material and asbestos management; contaminated site and soil remediation; high-pressure industrial vessel, storage tank, and pipeline cleaning; toxic effluent and wastewater treatment; environmental impact assessments, auditing, and regulatory compliance advisory; and the design, fabrication, and hire of specialized waste containment and handling equipment. In recent operations, The Initiates Plc has expanded its strategic focus on circular economy initiatives by scaling up its commercial non-hazardous waste recycling and electronic waste processing capacities. The company has also completed technical upgrades and capacity expansions across its thermal desorption and high-temperature incineration facilities in Rivers State to address increasing industrial compliance standards. Furthermore, The Initiates Plc has broadened its revenue base by securing new multi-year waste management, decontamination, and environmental support service contracts with multinational energy corporations and domestic oil exploration operators across the Niger Delta region.