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 […]
Returns on equity investments on the Nigerian Stock Exchange, NSE, nosedived further in the outgone week by 1.81 per cent, as investors and other financial stakeholders wait for the nation’s fiscal policies. The Central Bank of Nigeria in the outgone week reduced the Monetary Policy Rate to 11 per cent from 13 per cent while […]
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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