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…
Oando Plc has vehemently denied claims circulating on social and digital media platforms that it owns a blending plant in Malta. The energy conglomerate has also refuted allegations that it imports substandard fuel into Nigeria through a Maltese company named…
Oando Plc, Nigeria’s leading Indigenous energy solutions provider listed on both the Nigerian Exchange Limited and Johannesburg Stock Exchange had announced that Eni has received formal consent from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), for the sale of 100…
The equity capitalisation in the Nigerian capital market crashed by 1.38 percent at the close of trading on Friday. This represented a N518.08 billion dip in the value of investments at the capital market from N37.36 trillion to N36.84 trillion…
The equity capitalisation in the Nigerian capital market crashed by 1.38 per cent at the close of trading on Friday. This represented a N518.08 billion dip in the value of investments at the capital market from N37.36 trillion to N36.84…
Oando on Monday announced N44.4billion profit before tax in 2021 financial ended December 31, as against a loss before tax of N134.28billion reported in financial year ended December 31, 2020. The indigenous energy company listed on both the Nigerian Exchange…
Nigerian equities traded in positive territory at the end of Friday’s trading session as Investors snapped a 2-losing streak to end the week positive. The All-Share Index (ASI) traded 0.09 per cent higher to close at 68,143.34 index points as…
NNPC Limited has disclosed that Nigerian Agip Oil Company (NAOC) did not obtain its consent before announcing a deal to sell onshore oil assets to Oando PLC. Oando Plc had entered an agreement with ENI for the acquisition of 100%…
Oando PLC has acquired 100 per cent of the shares of Nigerian Agip Oil Company Limited (NAOC Ltd). Ayotola Jagun, Oando’s Company Secretary, made this known in a statement on Monday. With the acquisition of Agip, Oando will assume ownership of forty…
On Monday, the NAOC Joint Venture (JV) made up of Oando PLC, Agip and the Nigerian Petroleum Development Company Ltd (NPDC), delivered food and essential commodities to 260 communities affected by flood in Rivers Bayelsa, Delta and Imo states. As…
