Tag Archives: Oando Plc

Oando Plc Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, officially commissioned its new office building, the ‘Wings Office Complex’ yesterday, 3 April 2018. The building located at 17a Ozumba Mbadiwe Avenue, Victoria Island, Lagos was commissioned by the Minister of State for Petroleum Resources, Hon. Dr. Emmanuel Ibe Kachikwu. Commenting on the commissioning …

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Oando PLC’s consistency in filling their financials on time has been cut short with a request by the Financial Reporting Council of Nigeria (FRCN) to undertake a more detailed review of the company’s results. Oando made this known to the public through a press statement issued on their website and on the website of the Nigerian Stock Exchange (NSE)  on …

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Oando PLC hereby notifies the shareholders and other stakeholders of the appointment of Mr. Muntari Muhammed Zubairu as Group Chief Corporate Services and Operations Officer. In accordance with Article 88 of the Company’s articles of association, the Board of Directors has also appointed Mr. Muntari Muhammad Zubairu as an Executive Director of the Company effective February 5, 2018. Mr. Muntari …

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After several months of controversy that trailed the shares ownership in Oando Plc, Alhaji Dahiru Mangal, a shareholder who had claimed majority of the shares in the company on Thursday, agreed to settle the shareholding structure matter amicably. Dahiru Mangal has since withdrawn his petition to the Security and Exchange Commission (SEC) against the company, thereby paving way for the …

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As the crisis rocking Oando Plc continued unabated, shareholders of the company yesterday  advised the current management under the leadership of Mr Wale Tinubu to step down in the interest of all stakeholders. A Federal High Court sitting in Lagos had last week dismissed a case filed by Oando PLC against the Securities and Exchange Commission (SEC) seeking to stop SEC from …

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A Federal High Court sitting in Lagos has struck out a case filed by Oando PLC against the Securities and Exchange Commission (SEC) seeking to stop SEC from conducting a forensic audit on the company and also lift a technical suspension placed on its shares. The presiding judge, Justice Mohammed Aikawa on Thursday struck out the case on the grounds …

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Oando and its Joint Venture (JV) partners the Nigerian National Petroleum Corporation (NNPC) and Nigeria Agip Oil Company (NAOC), have given a boost to agriculture through training and giving assistance to farmers leading to greater awareness on what farmers should do to increase yield. As a result of the increased awareness on the agric sector’s growth potential, oragnisations such as …

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With an end to Nigeria’s worst recession in two decades buoyed by improved performance of oil, agriculture, manufacturing and trade sectors, the economy is well on its way to a full recovery. In September 2017, the National Bureau of Statistics (NBS) validated that the country has exited the recession with a growth of 0.55% in the second quarter of 2017. …

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…To respond officially soon Following the company’s shares suspension on the floor of the Nigerian Stock Exchange (NSE)) on Wednesday, the management of Oando Plc has reintetated its commitment to continue to act in the best interest of its shareholders. The Securities and Exchange Commission (SEC), hard earlier in the day through a circular directed the NSE to suspend trade …

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Oando Plc, Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, on Monday announced unaudited results for the six months period ended 30 June, 2017, with a profit after tax of N4.6 billion. Similarly, the oil giant announced a turnover increase of 26 percent from N267.1 billion as against N212.3 billion in half of 2016. …

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