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Shareholders laud Oando mgt on return to profitability

Shareholders have applauded the management of Oando for restoring market confidence in the company by maintaining a track record of growth over the last 18 months culminating in the achievement of N8.5 billion profitability in first half of 2018 (H1’18), the company’s 7th quarter consecutive profit.
Continue reading Shareholders laud Oando mgt on return to profitability at Vanguard News. …

Oando, JVpartners boost road infrastructure

Oando, JVpartners boost road infrastructure

Oando Plc in conjunction with its Joint Venture (JV) partners, the Nigerian National Petroleum Corporation (NNPC) and Nigerian Agip Oil Company (NAOC), has commissioned road projects with drainage systems in its host communities in Imo, Rivers and Bayelsa states. In Imo, Oando and its JV partners commissioned three road projects, specifically the Flora Nwakuche road,Read More
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Oando refutes Volpi’s claim on London arbitration ruling

Oando Plc has said it is not true that the London Court of International Arbitration, LCIA,  ordered its  Group Chief Executive, Mr Adewale Tinubu, and Deputy Group Chief Executive, Mr.  Omamofe Boyo, to pay  $680 million to Gabriel Volpi, the owner of Ansbury Investment Incorporated.
The post Oando refutes Volpi’s claim on London arbitration ruling appeared first on Vanguard News. …

Oando Plc, NAOC, Shell, others partner with NNPC to harness Nigeria’s gas reserves

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, has signed an agreement to implement Gas Projects worth $3.7 billion.
The post Oando Plc, NAOC, Shell, others partner with NNPC to harness Nigeria’s gas reserves appeared first on Vanguard News. …

Oando, Shell, Agip sign $3.7b gas supply contract with NNPC

Oando, Shell, Agip sign $3.7b 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 shortfallRead More
The post Oando, Shell, Agip sign $3.7b gas supply contract with NNPC appeared first on The Nation Nigeria. …

Shareholders demand forensic audit report on Oando

Shareholders demand forensic audit report on Oando

’Femi Asu Shareholders under the aegis of Proactive Shareholders Association of Nigeria have called for the release of the forensic audit report on Oando Plc. The National Coordinator of PROSAN, Mr. Taiwo Oderinde, in a statement on Sunday, accused the Minister of Finance, Kemi Adeosun, and the Acting Director-General, Securities and Exchange Commission, Mary Uduk, […] …

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