Securities and Exchange Commission Some market operators have called on the Securities and Exchange Commission (SEC) to resolve all issues surrounding Oando Plc and Ansbury Investment Limited controversy, saying the delay was affecting investors’ interest in Oando Plc shares in particular and the market generally. The calls came on the heels of a ruling delivered […]
Oando PLC and its joint venture (JV) partners – Nigerian National Petroleum Corporation (NNPC) and Nigerian Agip Oil Company (NAOC), have provided good drinking water to the over 5,000 residents of Agbere community in Bayelsa State, following the inauguration of a 20,000 -gallon water project in the community. According to a statement by Oando Plc, […]
BEHIND THE FIGURES: BY IJEOMA NWOGWUGWU, Email: ijeoma.nwogwugwu@thisdaylive.com BEHIND THE FIGURES By Ijeoma Nwogwugwu Mr. Wale Tinubu, the chief executive of Oando Plc, and his deputy, Mofe Boyo, must be squirming uncomfortably in their underwear. Despite their attempt to turn the consequential but partial award of the London Court of International Arbitration (LCIA) on its […]
The Senate on Wednesday approved the payment of 348 billion outstanding subsidy claims to 74 petroleum marketers in the country. This helped Oando’s share price spike to the top of the gainer’s table on Thursday. The approval followed the adoption of the interim report of the committee on petroleum downstream on the promissory note programme […]
‘Femi Asu Oando Plc, in conjunction with the Nigerian National Petroleum Corporation and the Nigeria Agip Oil Company, has announced the inauguration of road projects with drainage system in its host communities in Imo, Rivers and Bayelsa states. The company said in a statement that three road projects were completed in Imo, namely Flora Nwakuche […]
JSE-listed Nigerian energy group Oando reported a solid financial footing for the first half of the year on the back of higher oil prices as a direct consequence of increasing demand and lower supply. Higher oil prices , and the resolution of joint venture funding challenges with the Nigerian National Petroleum Corporation , have driven […]
Oando PLC (referred to as “Oando” or the “Company”), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, today successfully concluded its 41st Annual General Meeting at the Eko Hotel and Suites, Victoria Island, Lagos. The following resolutions proposed in the notice to shareholders, were unanimously passed: 1. Receipt of […]
The logo of Oando oil company is pictured in Abuja, Nigeria January 23, 2018. REUTERS/Afolabi Sotunde Nigeria’s Oando Plc said its profit after tax for the first half of the year rose by 86%, N8.5 billion compared to N4.6 billion post last year. Revenue for the integrated energy company increased by 11%, N297.3 billion compared […]
Nigerian oil company, Oando. [Photo credit: Guardian Newspaper] Related News Oando recorded another victory with the successful conclusion of its 41ST Annual General Meeting (AGM) which held on Friday, July 27 at the Eko Hotel and Suites, Lagos. On the eve of the AGM, Thursday, July 26, the company published its H1 2018 results recording […]
Lagos — Oando Plc has listed N48.7 billion worth of shares on the daily official list of the Nigerian Stock Exchange (NSE). In an issuer’s announcement with the NSE, Oando said: “A total of 2,949,933,156 ordinary shares of 50 kobo each at N16.50 per share belonging to Oando Plc were admitted to trading on 4th […]
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