Oando partners Sao Tome and Principe to promote infrastructure development
Oando Plc has announced the commencement of infrastructure development in Sao Tome and Principe (STP).The company’s Community Relations Manager, Sam Onyenwe, disclosed this in a statement.
Oando shareholders lament effect of SEC’s investigations on share price
Shareholders of Oando Plc on Tuesday raised concerns on how the Securities and Exchange Commission’s investigation has impacted negatively on the activities of the company, from reduction in share price to eroding of both local and international investors’ confidence in the company.
Oando condemns suspension of trading in its shares by SEC
Oando maintained that the SEC has not presented a strong case to support the engagement of a forensic auditor to audit the affairs of the company.
SEC suspends trading on Oando shares, begins probe of oil firm
The suspension order was to protect investors against dwindling share value while the forensic audit lasts. The order, in a circular yesterday in Abuja, explained that the action followed the outcome of two petitions from Alhaji Dahiru Barau Mangal and Ansbury Incorporated.
Rivers, Oando expand 8.5km gas pipeline
Rivers State Government and Nigeria’s indigenous energy company, Oando Plc, are closing in on the completion of an 8.5 km expansion of the natural gas distribution network in the Port Harcourt Franchise Area.
Oando Plc, Flour Mills deepen ties with American investors
Wale Tinubu applauded the Council for facilitating transactions between a very diverse set of stakeholders and expressed his hopes for even stronger and more impactful relationships in the near future.
SEC, Oando get 14-day ultimatum to resolve alleged N799b shareholders’ liabilities
The House of Representatives Committee on Capital Market and other Institutions has issued the Securities and Exchange Commission (SEC) and Oando Plc a two-week ultimatum to resolve all lingering issues bordering on the N799 billion stakeholders’ liabilities.
Shareholders worried about future of Oando
The letter included many demands, in which the shareholders also called on Tinubu “to step down and allow competent hands to manage the company,” to save billions in assets of the company.
Oil firms record $17.125 billion earnings in H1 2017
The company announced estimated Q2 2017 earnings of $3.4 billion or $0.78 per diluted share, compared with $1.7 billion a year earlier, as oil and gas realisations increased and refining margins improved.