Group Chief Executive Officer of Oando Plc, Mr Adewale Tinubu, has assured shareholders of the company that his team will continue to ensure their (shareholders) interests are always protected. Mr Tinubu gave this assurance at the 41st Annual General Meeting (AGM) of the energy company in Lagos on Friday. In a statement issued by Oando, […]
Oando kept its turnaround flag flying by using a tax credit to overwrite a loss position at the end of half year operations. The company is sustaining the turnaround for the third year running but the core business isn’t yet providing the driving force. Tax credit has taken over from profit from discontinuing operations to […]
The equities market plunged further yesterday as profit taking in bellwether stocks depressed the Nigerian Stock Exchange (NSE) All-Share Index (ASI) below 35,000 mark at 34,663.48. Similarly, market capitalisation shed N220.5 billion to close lower at N12.638 trillion. A total of 22 stocks shed weight compared with only 11 other stocks. The banking counters recorded […]
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 […]
Nigerian equities market It was a week that the bears dominated trading at the stock market, contrary to expectations that the gains posted the preceding week would be sustained. The market had recorded a marginal growth of 0.09 per cent two weeks ago, following investors’ reaction to the financial results of companies for the half […]
The game of Polo PHOTO: fifthchukker.com Access Bank Plc, in partnership with Fifth Chukker, has raised $2.2 million (N800 million) in support of vulnerable children, during the finale of its yearly UNICEF Charity Shield Polo tournament, held at the Guards Polo Club, Windsor, United Kingdom. The lender sees the game of Polo as an avenue […]
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 […]
By Dipo Olowookere Gains recorded by financial stocks, especially shares in the banking sector, lifted the equities market on Thursday, reversing the loss recorded on Wednesday. The stock market rose yesterday by 0.21 percent following gains reported by 24 stocks buoyed by the return of positive sentiment to the market. At the close of transactions, […]
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, […]
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