UN, private sector initiative to raise over $300m for IDPs in north east
The United Nations and Nigeria’s business leaders yesterday launched the first Nigerian Humanitarian Fund-Private Sector Initiative (NHF-PSI) that would raise over $300 million...
Building heritage brands for long-term, sustainable businesses
Creating a heritage brand in Nigeria is tedious affair, as it involves a deliberate effort to connect with people in a manner that allows them form an emotional connection to the brands that transcend generations. It is less about how long a company has been in existence but more about their established track record of…
Oando announces delay in release of full year 2017 result
Oando Plc has announced that the 2017 full year result will be delayed due to request by the Financial Reporting Council of Nigeria (FRCN), to undertake a more detailed review of the company’s results.
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.
Court strikes out Oando’s suit against SEC
A Federal High Court, Lagos, has struck out a case filed by Oando Plc against the Securities and Exchange Commission (SEC), seeking to stop the Commission from conducting a forensic audit on the...
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.
Shareholders seek fair investigation on Oando crisis
The shareholders alleged that some of their colleagues were been used as conduit to reach out to the SEC, calling on the SEC to stay away from these elements who parade themselves as shareholders leaders.
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.