Oando
6 Feb
Oando is rewarding its shareholders by giving them 1.28 billion additional shares in the form of a stock dividend.
3 Feb
Oando Plc has announced a strong financial performance for last year's financial result with a 45 per cent growth in revenue to N4.1 trillion.
27 Jan
Energy company Oando has announced plans to deploy 5,000 electric buses for public transportation in Lagos State as part of its commitment to cleaner energy and a just energy transition. Speaking in an interview with CNBC Africa at the World Economic Forum in Davos, Switzerland, Oando’s Group Chief Executive Officer, Wale Tinubu, disclosed that the…
23 Jan
Oando Plc yesterday announced that its upstream subsidiary, Oando Energy Resources (OER), has been awarded operatorship of Block KON 13 in Angola’s Onshore Kwanza Basin, following a competitive bidding process organised by the Angolan National Agency for Petroleum, Gas and Biofuels (ANPG).
1 Jan
The recent news of the acquisition of Shell’s assets in Nigeria by Renaissance Energy has added another layer to the wave of divestment by major oil companies to independent operators across Africa
9 Dec
Oando, during its recent meeting with its Joint Venture (JV) partners, Nigerian National Petroleum Company Limited (NNPCL), expressed optimism in fostering partnerships that aid the realisation of the country’s energy goals.
4 Dec
Nigeria’s energy company, Oando PLC, is poised to significantly enhance the country’s oil reserves and production capacity following its landmark $783 million acquisition of the Nigerian Agip Oil Company (NAOC) from Italian energy giant Eni. Recently recognized in South Africa as the “Deal of the Year,” this acquisition is set to boost Oando’s oil reserves…
4 Dec
Oando PLC has rated the $783 million acquisition of the Nigerian Agip Oil Company (NAOC) from Italy’s Eni as a landmark achievement this year.
27 Nov
The Lagos State government has unveiled plans to collaborate with Oando Clean Energy to address the challenge of methane emissions from dumpsites and landfills across the state. The Commissioner for Environment and Water Resources, Mr Tokunbo Wahab, disclosed this during a courtesy visit by Oando Clean Energy to Alausa. Wahab emphasised that the partnership would…
26 Nov
The renewable energy business subsidiary of Oando Energy Resources, under the Oando Plc group, Oando Clean Energy Limited (OCEL), and its technical partner, Yutong Bus Co Limited, have met the Lagos Ministry of Transportation and the Lagos Metropolitan Area Transport Authority (LAMATA). The delegation, led by President/Chief Executive Officer of OCEL Ademola Ogunbanjo, and Vice…
5 Nov
About $7 billion worth of assets was divested to indigenous oil companies in the last eight years as the share of Nigeria’s oil production by local companies moved from 3 per cent to 30 per cent. Chief Executive Officer of Oando, Wale Tinubu, disclosed this Tuesday at the African Energy Week in South Africa, as…
2 Nov
In continuation of his dedicated mission to ensure a robust source of energy for Nigerians, Group Chief Executive, Oando Group, Wale Tinubu, has emphasized the company’s long-standing dedication to transforming lives through accessible energy sources. "This is an energy story on we've been writing for over 30 years. We are positively impacting the lives of…
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