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, […]
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 […]
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