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…
Nigeria’s energy solutions provider, Oando has finally released its long-anticipated full-year 2019 and 2020 financial statements. The company confirmed the development in a statement issued on its website on Wednesday and obtained by journalists in Lagos. The statement said the…
By Philemon Adedeji The stock market on the Nigerian Exchange Limited (NGX) on Thursday closed on positive trading with 0.18 per cent gain following sustained interest in Eternal plc, Berger plc, Oando plc, and 26 others stocks. Consecutively, the All…
Oando, Nigeria’s leading energy solutions provider confirmed that it will release its 2019 audited financial statement at the end of Q1 2022. In a statement issued on Wednesday, February 2, the company explained that its financials were delayed as a…
By Kayode Tokede Oando Plc has entered into a settlement with the Securities and Exchange Commission (SEC) in the overriding interest of the shareholders of the Company and the capital market. This was contained in a circular released by the SEC…
