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...

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.

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,…

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.

Indigenious oil company, Oando PLC has registered yet another win with the publication of N4.2 billion profit-after-tax (PAT) in its Q1 2018 results, despite the ongoing SEC-led forensic audit into the affairs of the firm. Oando has cashed into the favourable micro and macro business environment characterised by an increase in national oil production, exchange…

Head, Oando Foundation, Adekanla Adegoke has restated the organisation’s commitment to creating a world-class learning environment in public primary schools across the country through its signature project, Adopt-A-School Initiative. Adegoke, who stated this during a media parley in Lagos, where the foundation x-rayed the many challenges confronting basic education in the country, particularly in the…

Oando’s decision to fully co-operate with the Securities & Exchange Commission (SEC) to ensure a smooth and speedy conclusion of the investigation into the company as well as its efforts...

Three shareholders’ groups have call for the immediate sack of the Minister of Finance, Mrs. Kemi Adeosun, for her unwholesome interference on the affairs of the Securities and Exchange Commission (SEC).

Shareholders of Oando Plc yesterday protested and demanded for the immediate sack of the management of the oil firm to pave way for a forensic audit of activities of the management, which they described as ‘unending’ having been in office for about 20 years. Leaders of the protesting shareholders, Alhaji Muhtar Muhtar, Chairman of Trusted…

Minority shareholders of Oando Plc under the aegis of the Proactive Shareholders Association of Nigeria (PROSAN), have complained of unnecessary delays in market regulators proceeding with the forensic audit of the indigenous oil company as planned. In a a fresh petition to the House of Representatives Committee on Capital Market and other Institutions, the shareholders…

Despite probes going on at both chambers of the National Assembly, are indications that the Federal Government may go ahead with the concession...

Effort to address the crises of confidence between the Securities and Exchange Commission (SEC) and Oando Plc heightened yesterday, as the Emir of Kano, Emir Muhammadu Sanusi II, waded into the crises between Oando and Alhaji Dahiru Mangal. Consequently, the oil giant in a statement, yesterday officially confirmed Alhaji Dahiru Mangal substantial shareholder in the…