AfreximBank and Oando PLC, yesterday at the Intra-African Trade Fair in Egypt Cairo, signed an $800 million loan document to facilitate the firm’s acquisition of 100% of the shares of the Nigerian Agip Oil Company (NAOC).
.Alake tourney holds October 26 to 28 The Alake of Egbaland Golf Tournament has received a boost from one of the country’s biggest indigenous energy solutions providers, Oando PLC, which is set to promote sportsmanship by sponsoring the competition billed to hold at the Abeokuta Golf Club, Oke Mosan, Abeokuta. The firm explained that it…
The Insurance index led the losers’ chart at the end of last week’s transactions on the equities sector of the Nigerian Exchange Limited (NGX) with 2.9 per cent, buoyed by sell pressure in Cornerstone insurance (-11.4 per cent) and CHIPLC (-11.3 per cent).
A coalition of civil society and environmental activists have insisted that Nigeria Agip Oil Company Limited must answer to concerns over ecological, health, economic and social impacts in the Niger Delta before selling its assets.
Oando Plc yesterday, announced that it has reached an agreement with Eni, an Italian multinational energy company, for the acquisition of 100 per cent of the shares of the Nigerian Agip Oil Company (NAOC).
To fully exploit its gas potential, Nigeria would need to inject between $15 billion and $20 billion in infrastructure. The Deputy Group Chief Executive of Oando Plc, Omamofe Boyo, disclosed this at the just-concluded NOG Energy Week in Abuja.
Oando Plc has posted N34.7 billion Profit-After-Tax (PAT) in its 2021 operations as against a loss after tax of N140.7 billion recorded in the corresponding period in 2020.