Education Sector In Dire Need Of Intervention — Oando Foundation

Mrs. Adekanla Adegoke is the Head of Oando Foundation. She is a development practitioner with over 14 years experience in programme management, advocacy, monitoring and evaluation gained across North America, Europe, Bangladesh and Africa. As one of the pioneer staff, she was instrumental in the establishment of Oando Foundation in 2011 and has successfully led […]

H1 2018 Result: Oando Plc Post N8.5 Billion Profit-After-Tax

Oando PLC, Nigeria’s leading indigenous energy group listed on both The Nigerian and Johannesburg Stock Exchange, on Thursday announced its unaudited results for the six months period ended June 30, 2018. An x-ray of the company’s financials showed that Profit-After-Tax increased by 86% to N8.5 billion in the period under review, compared to N4.6 billion […]

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Oando, Shell, Agip Sign $3.7 billion Gas Supply Contract With NNPC

Oando Plc, Nigeria Agip Oil Company (NAOC), Shell Petroleum Development Company (SPDC), other indigenous and international oil companies in partnership with the Nigerian National Petroleum Corporation (NNPC) have signed agreement to implement gas projects worth $3.7 billion. The gas projects tagged ‘Seven Critical Gas Development Projects (7CGDP)’ is set to bridge the gas supply shortfall […]

Oando Posts Impressive Results: N19.8bn PAT

Five quarters in a row, Oando Plc has sustained its trend of posting positive results. The company has once again boosted shareholders confidence by publishing N19.8bn profit after tax in its twelve months ended December 31, 2017 financial results. This is coming on the ills of the challenging environment that ensued after the company’s 2014 […]

NNPC Awards Oando Plc Engineering, Procurement And Construction Mandate To Develop Ajaokuta-Kaduna-Kano Gas Pipeline Project

A two party consortium consisting of Oando PLC (“Oando”), in conjunction with its midstream affiliate, Axxela Limited (“Axxela”) (formerly known as Oando Gas & Power) and Oilsery Limited, has been awarded the Engineering, Procurement, Construction (EPC) mandate for the Ajaokuta – Abuja portion (Lot 1) of the Ajaokuta-Kaduna-Kano Pipeline system (the “AKK Pipeline”) by the […]

NSE Lifts Suspension On Oando’s Shares

The Nigerian Stock Exchange (NSE) says it has lifted the suspension placed on shares belonging to Oando Plc. In a notice signed by Tinuade Awe, general counsel, head of regulation, NSE said shareholders can now trade their shares but the trading activity will not lead to a change in price. “Dealing members are referred to […]

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Oando Leads Nigeria Delegation At Africa CEO Forum

Heads of States, public decision-makers, bankers, capital investors as well as African and international corporate leaders are today gathered at the Africa CEO Forum in Abidjan, Cote d’Ivoire, to discuss and take lessons from the success stories of the African private sector as well as dialogue and propose strategic solutions regarding the development of African enterprise […]

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Shareholders Seek Accelerated Forensic Audit of Oando

The Proposed forensic audit of Oando Plc should commence without any further delay, shareholders of the company declared yesterday in Lagos. According to the shareholders, the investigation should be detailed and “without any fear or favour”. Under the aegis of Nigeria Shareholders Solidarity Association (NSSA), the shareholders also called on the auditors to investigate all management staff […]

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Oando gets court order to halt share suspension, audit -court paper

Oando has obtained a court order halting the suspension of trading in its shares and a forensic audit planned by the Securities and Exchange Commission (SEC), court documents seen by Reuters showed on Tuesday. Shares in Oando Plc were frozen at N5.99 on Monday until further notice, the stock exchange said after the Securities and […]

Oando Shareholders Laud SEC, Seek Accelerated Investigation

Folake Sokoya Shareholders of Oando Plc on Thursday commended the Securities and Exchange Commission (SEC) resolve to investigate allegation leveled against the management of the company. Reacting to the development, National Coordinator Progressive Shareholders Association of Nigeria, Mr. Boniface Okezie said the decision will restore investors’ confidence in the capital market. SEC had of Wednesday […]