Oando PLC has debunked claims that it paid a total sum of $17,200,000.00 to singers Wizkid, Burna Boy and Davido to perform at their end of the year party in Lagos. A statement purportedly detailing the budget for the party showed that Wizkid was paid $11,000,000.00 to perform as the main act for 45 minutes…

Following sell-offs of Oando Plc and 20 otherstocks, the Nigerian capital market, yesterday, reversed gains to close on a downward note

Oando PLC, a company listed on both the Nigerian Stock Exchange (NGX) and Johannesburg Stock Exchange (JSE) has announced a 51 per cent growth in revenue of N2 trillion compared to N1.3 trillion in H1 2023 in its published H1 unaudited 2024 results.

Oando Plc has reported a profit after tax (PAT) of N60.3 billion in its audited financials for the full year ended 2023, a substantial

The Nigerian Exchange Limited (NGX) has suspended trading in the shares of Oando Plc for failure to submit its 2023 audited account. The exchange, in a notice to dealing members, said the suspension was aimed at enforcing rules and ensuring compliance in pursuant to the rules.

Oando Plc has reiterated the need for firms to leverage meaningful data to make quality decisions regarding strategy and the direction organisations need to go.

Equity investors gained a total of N349 billion week-on-week, as the Nigerian Exchange Ltd.(NGX) market capitalization appreciated by 0.63 per cent 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 capitalization, which opened at N55.129 trillion, closed at N55.478 trillion. The positive performance was…

Oando Plc has completed the acquisition of 100 per cent shareholding interest in the Nigerian Agip Oil Company (NAOC) from the Italian energy company, Eni, for US$783m.

Oando PLC has announced the successful acquisition of Eni’s Nigerian subsidiary, Nigerian Agip Oil Company (NAOC). This milestone, achieved at a signing ceremony in London, marks a new era for the Nigerian energy sector after the transaction was first announced in September 2023. The acquisition comes a decade after Oando's $1.8 billion acquisition of ConocoPhillips'…

One of Africa’s leading energy solutions providers, Oando Plc, has debunked the allegation that it owns interests in Maltese oil storage and blending facility, Ras Hansir Oil Terminal Limited. The firm has been accused of owning interests in Ras Hansir Oil Terminal Limited on social media. Reacting to the allegation in a statement issues on…

Oando Plc has announced the successful closure of a $925m accordion arranged and coordinated by African Export-Import Bank (Afreximbank) for Project Gazelle. The accordion arrangement saw a contribution of $550m by Oando Trading, a subsidiary of Oando Plc.

Oando PLC posted a N74.7 billion profit-after-tax (PAT) in its full year that ended December 31, 2023, reflecting a positive turn in the company’s fortunes in comparison to the preceding year when the company posted a loss after tax.