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Oando

4 Jun 2019
Rising profit-taking impact negatively on transactions at the Nigerian Stock Exchange (NSE), occasioned by losses suffered by some bellwethers, causing market capitalisation to depreciate further by N63 billion.     Specifically, at the close of trading yesterday, the All-Share Index (ASI) shed 141.08 absolute points, representing a dip of 0.45 per cent to close at…
3 Jun 2019
The Federal High Court has restrained the Securities and Exchange Commission (SEC) from removing Messrs Wale Tinibu and Omamofe Boyo as Oando Plc’s Group Chief Executive Officer (GCEO) and Deputy Group Chief Executive Officer (DGCEO), respectively. Justice Mojisola Olatoregun sitting in Lagos granted an interim injunction following an application by the embattled GCEO and DGCEO.…
3 Jun 2019
Oando Plc Monday said its management and board of directors remained unchanged, hours after Securities and Exchange Commission said it has set up an interim management team for the oil firm. "Oando’s Management Team and Board of Directors have not changed," the company tweeted on Monday. The interim management team will be headed by Mutiu…
6 May 2019
Oando Nigeria Plc has posted a Profit After Tax (PAT) of N4.6 billion in its first quarter 2019 operations, against N4.2 billion achieved in the corresponding period in 2018, while turnover grew by 12 per cent to N168 billion from N150.6 billion in the same period. Specifically, the company’s unaudited result for the first quarter…
9 Mar 2019
OVH Energy Marketing Ltd, Nigeria’s leading provider of trusted petroleum products and services and licensee of the Oando retail brand, has announced its acquisition of brand new aircraft fueling bowsers as part of its expansion plans to deepen its service offerings in providing fueling solutions to players in the aviation industry. Manufactured by Flightline UK,…
16 Jan 2019
Bargain-hunting in some blue chip stocks especially Cement Company of Northern Nigeria (CCNN), and Ikeja Hotel Plc, lifted the Nigerian Stock Exchange (NSE) All-share index further by 0.6%. Specifically, at the close of trading yesterday, the All-share Index (ASI), rose by 172.74 absolute points, representing an increase of 0.58 per cent to close at 30,137.53 points. …
11 Dec 2018
Oando Energy Resources, (a subsidiary of Oando Plc) one of Nigeria’s leading indigenous oil producers, and Energia Limited, operator of the Joint Venture - Ebendo/Obodeti Marginal Field (OML 56), recently inaugurated and handed over multi-billion Naira infrastructural projects to six host communities in Kwale, Ndokwa West Local Government Area, Delta State. The projects include a…
29 Nov 2018
Following persistent price losses incurred by bellwether stocks, transactions on the floor of the Nigerian Stock Exchange (NSE), continued on a downward note yesterday, causing market capitalisation dip further by N55 billion. As a result, the All-share Index (ASI) was down by 150.24 absolute points, representing a decrease of 0.48 per cent to close at…
17 Oct 2018
Oil marketers in Nigeria recently raised the alarm over N650bn owed them by the Federal Government in subsidy arrears, saying the settlement of the debts owed...
27 Jul 2018
Oando Plc has reported a N8.5 billion profit-after-tax (PAT) for the half-year ended June 30, 2018, attributing the performance to increase in oil and gas commodities prices.
9 Jul 2018
Shareholders under the aegis of Proactive Shareholders Association of Nigeria (PROSAN), at the weekend, faulted the 2017 full year result of Oando Plc, describing it as dismal and well below expectations.  The group also decried the inability of the company to pay dividend to its shareholders for the fifth consecutive year.  The National Coordinator, PROSAN,…
15 May 2018
A group of shareholders on Monday, called on the management of Oando Plc to settle its lingering rift with its foreign investor, Ansbury Investments Incorporated.

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