CATEGORY: OANDO PLC

The Nigerian Economy Today 15/5/2017 – Smile Network appoints new CEO

Summary of the top business, economic and political news in Nigeria Today.   The Association of Housing Corporations of...


The Nigerian Economy Today 12/5/2017

Summary of the top busniess, economic and political news in Nigera.   A team from the Enforcement Department of...


Oando Plc to run Port Harcourt refinery with Agip

Nairametrics| Wale Tinubu CEO of Oando Plc, said the company was considering raising  N40 billion in fresh capital. He...



Oando Plc Declares N3.5 billion Profit (2016 FY)

Oando today released audited results for the financial year ended 31 December 2016.   Revenue N’million FY 2016| N455,747...


Oando Spins Off Power Asset, Constructs LNG Plant In Ajaokuta

Nairametrics| Oando Plc, is concluding arrangements to construct a mini LNG plant in Ajaokuta, Kogi State. The company has...


Deal: Oando Completes $115.8 Million Divestment To Helios Investment Partners

Oando Plc has announced the completion of its $115.8 million gas and power divestment to Helios Investment Partners. The...


300,000 BPD At Stake: NDA Bombs Pipeline Operated By Shell, Oando

Reuters|Nigerian militant group Niger Delta Avengers on Tuesday said that it had attacked the Nembe Creek Trunk Line pipeline...


CORPORATE ACTION: Oando Announce Resignation of Non-Executive Directors

The Board of Oando Plc have announced the resignation of Non-Executive Directors, Ammuna Lawan Ali and Engr Yusuf Nije....


ALERT: Oando’s Losses Continue, Post N87.5b Pretax loss

Oando Plc released its 2016 result for the nine months ended 30 September 2016 ; See below   Revenue N’m...


Deal: Helios Buys 49% of Oando Gas and Power for $115.8 Million

Oando Plc sells 49% voting rights of Oando Gas and Power to Helios Investment for $115.8...



Tinubu blames Militants for Oando’s poor results

Wale Tinubu, group chief executive, Oando Plc has blamed militant activities and oil production disruptions for the company’s continued...


OANDO: Triple Bottom Chart Pattern Explained

What does a triple bottom look like? | Why is this pattern important? | Is volume important in a...


Oando Blames Naira Devaluation In Profit Warning

Well damn it seems every CEOs favourite reason for missing earnings estimates (the Naira bogeyman) has struck again. Oando...


Oando’s Explanation Of Auditor, EY’s Qualified Opinion Is A ‘Classic’

A few weeks ago Nairametrics reported that the auditors of Oando Plc, Ernst & Young had expressed an opinion...


Oando’s Just Signed A Mega $210m Deal, What it Could Mean For Its Share Price

Nigeria's Oil and Gas Giant, Oando Plc announced on Monday that it has secured a $210 million recapitalization deal...


2015 FY Results: Implication Of Oando’s Latest N49.6 Billion Loss

The recurring losses of Oando Plc, huge debts and severe negative working capital position may cast significant doubt as...



Oando Just Gave This Excuse For Not Releasing Its 2015 FY Results

Oil and Gas Giant, Oando Plc has yet again failed to keep its promise of not releasing its 2015...


Oando Gas Commence Mini LNG Project In Ajaokuta

Oando Gas and Power Limited (OGP), has commenced development of a mini Liquefied Natural Gas (LNG) facility through its...