Oando is targeting a production of 100,000 barrels per day (bpd) by 2028, following its landmark acquisition of Eni’s Nigerian Agip Oil Company (NAOC) earlier this year, the company has disclosed. During a Fireside Chat at the African Energy Week:…
After Tuesday’s positive close, stocks like Oando, Nascon, Thomas Wyatt, UBA and Lasaco dragged Nigeria’s equities market down by 0.30 percent on Wednesday. This year’s return has lowered to +29.15 percent amid two days of negatives as against a day…
The House of Representatives has commenced investigation into alleged environmental pollution by Agip Oil (Now Oando Oil Ltd) and Aiteo E&P in host communities in Bayelsa. The investigation was organised by a joint committee on Environment, Petroleum Resources Upstream and…
Trading session on the Nigerian Exchange Limited (NGX) closed in the red zone as investors expectedly continued their cautious sentiment amid dearth of positive triggers on Thursday. Oando, RT Briscoe, FTN Cocoa were mostly on offer while stocks like Berger…
Equity investors gained a total of N349 billion week-on-week, as the Nigerian Exchange Ltd.(NGX) market capitalisation appreciated by 0.63 percent to close the week. Specifically, the All-Share Index closed at 96,579.54 points, having opened at 95,973.45 points, while the market…
By Temitope Ajayi By his advanced age and eminent status as a former Vice President of Nigeria, Alhaji Atiku Abubakar is by no means qualified to be an elder statesman. Statesmen are highly venerated and revered people to whom we…
By Temitope Ajayi By his advanced age and eminent status as a former Vice President of Nigeria, Alhaji Atiku Abubakar is by means qualified to be an elder statesman. Statesmen are highly venerated and revered people to whom we go…
Nigerian multinational energy company, Oando Plc, has acquired a 100 percent shareholder interest in the Nigerian Agip Oil Company (NAOC) from Eni, an Italian energy company, at $783 million. The Group Chief Executive Officer, Oando, Mr Wale Tinubu disclosed this…
NNPC Retail, the downstream division of the Nigerian National Petroleum Company Limited, has been dissolved following a court-approved transfer of its ownership and assets to OVH Energy Marketing Limited. The ruling effectively terminates NNPC Retail, Nigeria’s leading petrol importer, and…
By Esther Agbo The Nigerian equities market has again seen a bearish performance maintaining its downtrend since the week as Oando and 24 others led the local bourse to a southward close with a decline of N108 billion. The All-Share…
