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Oando

10 Jun 2019
Following the ex-parte order of the Federal High Court, Ikoyi Lagos in suit no: FHC/L/CS/910/19 in Mr. Jubril Adewale Tinubu and Anor V Securiries and Exchange Commission (SEC) and Anor, the commission has announced the suspension of Oando Plc's Annual General Meeting (AGM) slated for Tuesday, June 11, 2019 till further notice. According to SEC,…
10 Jun 2019
The Securities and Exchange Commission (SEC) has maintained that Oando Plc was given sufficient time to clear itself of the alleged infractions it was penalised for. The News Agency of Nigeria (NAN) yesterday in Lagos quoted a statement by its Head, Corporate Communications, Mrs. Efe Ebelo, where the commission stated that the decision was for…
9 Jun 2019
The Securities and Exchange Commission (SEC) on Sunday said that Oando Plc was given sufficient opportunity of being heard before they were penalised.
5 Jun 2019
Capital market operators on Wednesday called for urgent intervention of the Federal Government in the conflict between the Securities and Exchange Commission (SEC) and Oando Plc.
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…

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