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Oando

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.
4 May 2018
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…
19 Apr 2018
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…
18 Apr 2018
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...
16 Apr 2018
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).
29 Mar 2018
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…
6 Mar 2018
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…
4 Mar 2018
Despite probes going on at both chambers of the National Assembly, are indications that the Federal Government may go ahead with the concession...
23 Jan 2018
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…
27 Dec 2017
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 the reduction in share price to eroding of both local and international investor confidence in the company. The oil firm has lost N26 billion in market capitalisation within six…
23 Dec 2017
By now, the popular Lagos-Benin Expressway would be experiencing major traffic, as commuters from different parts of the country, especially southeasterners, head home for Christmas holiday.
20 Dec 2017
The Department of Petroleum Resources (DPR) in Lagos on Wednesday sealed Oando filling station in Lekki area over alleged molestation of its officials while on enforcement visit. Mr Usman Ndanusa, the Deputy Director and Head of Downstream Division of DPR, made this known to newsmen in Lagos. Ndanusa said that operators of the station, which…

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