Tag Archives: Oando Plc

It is no gain saying the fact that adopting and operating in accordance with high standards of corporate governance is essential for a company's sustainable long-term growth, performance and value creation.

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A Federal High Court sitting in Lagos on Monday restrained the Securities and Exchange Commission (SEC), from taking over the operations of Oando oil Plc. Also, the trial court in its injunction order barred SEC from appointing an interim management to run the affairs of Oando pending the determination of the motion on notice brought before it. In the suit …

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Alleged Infractions: SEC Takes Over Oando Plc Operations

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The long awaited results from the forensic audit into Oando PLC, was finally released on Friday, May 31, 2019 on the website of the Securities and Exchange Commission (SEC) indicating weighty infractions with attendant sanctions leveled against the Company.

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The Securities and Exchange Commission, SEC, has concluded investigation of Oando Plc and directed among others the resignation of the affected Board members, and also barred the Group Chief Executive Officer (GCEO) and the Deputy Group Chief Executive Officer (DGCEO) of Oando Plc from being directors of public companies for a period of five (5) years. 

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Oando PLC has once again demonstrated its ability to deliver good results and create value for shareholders. The indigenous oil company on Friday, March 29, published its financial results for the full year ended, December 31, 2018. 

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In commemoration of the 2019 International Day of Women and Girls in Science themed ‘Investment in Women in Science for Inclusive Green Growth’, Oando Plc led by a

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“Unless Africa uses modern technologies, our farmers output will remain low and we will remain dependent on others to feed us.” These were the words of Akinwunmi Adesina, the President of the African Development Bank, underscoring the importance and potential of the agricultural sector in sustaining the people and the African economy. His statement reinforces the fact that investments in agriculture are …

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The continued increase in oil prices and sales volumes, Nigeria’s exemption from the production cut by the Organization of Petroleum Exporting Countries (OPEC), capital discipline and reduced disruptions on production activities in the Niger Delta are contributing factors to the improved cash flows and impressive results posted by Oil and Gas companies operating in Nigeria in the third quarter of …

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Over 5,000 residents of Agbere Community, Bayelsa state were overjoyed at no longer being another statistic when they were finally taken off the appallingly high statistic of 69 million Nigerians without access to clean portable water, following the commissioning of a 20,000 gallon water scheme in the community. The water scheme was donated by Oando PLC and its Joint Venture …

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