TAG: OANDO PLC

Oando’s Share Price recovers after alleged SEC investigation

Oando’s Share Price recovers after alleged SEC investigation

Shares of Oando Plc have fallen just 1.5% since news of an investigation by the Securities and Exchange Commission (SEC) broke two Fridays ago....


All the major economic news from Nigeria in 5 minutes – 18/7/2017

All the major economic news from Nigeria in 5 minutes – 18/7/2017

Summary of the top business, economic and political news in Nigeria today.   Acting President Yemi Osinbajo has pledged to grant tax relief for...


Oando berates media for reporting that it is under investigation by SEC; Channels pull down story

Oando berates media for reporting that it is under investigation by SEC; Channels pull down story

In an uncanny press release issued on the website of the Nigerian Stock Exchange, Oando Plc berated media houses for reporting that it is...



SEC is investigating Oando over ConocoPhillips

SEC is investigating Oando over ConocoPhillips

Foreign investors in upstream producer Oando Plc have sent a petition to the Securities and Exchange Commission (SEC) regarding their concerns over Oando’s financial...


All the major economic news from Nigeria in 5 minutes – 14/6/2017

All the major economic news from Nigeria in 5 minutes – 14/6/2017

Summary of the top business, economic and political news in Nigeria today.   The Federal Government has started the process of raising $600m for...


All the major economic news from Nigeria in 5 minutes – 09/6/2017

All the major economic news from Nigeria in 5 minutes – 09/6/2017

Summary of the top business, economic and political news in Nigeria today. Despite the economic recession, which led to massive loss of jobs in...


Top 5 stocks in Nigeria based on YTD return; how they made it

Top 5 stocks in Nigeria based on YTD return; how they made it

The Nigerian stock market has been on a roll since the introduction of the forex window for investors and exporters back in April this...


[The Nigerian Economy Today 31/5/2017] – FG partners May & Baker Plc to produce vaccines locally with 49 percent equity

[The Nigerian Economy Today 31/5/2017] – FG partners May & Baker Plc to produce vaccines locally with 49 percent equity

Summary of the top business, economic & political news in Nigeria today.   The 10 oil producing states in the country received N22.64 billion...


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

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 Nigeria and the Central Bank...


The Nigerian Economy Today 12/5/2017

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 the Federal Inland Revenue Service...


Oando Plc to run Port Harcourt refinery with Agip

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 made this statement yesterday at...


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

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 FY 2015| N203,432 %age change|124%...


Oando Spins Off Power Asset, Constructs LNG Plant In Ajaokuta

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 also divested its stake in...


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

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 company announced this via a...


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

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 in the southern Niger Delta....


CORPORATE ACTION: Oando Announce Resignation of  Non-Executive Directors

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.  Their resignation was due to...


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

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 2016 9 Months|  N227,846 2015...


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

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...


Oando takes a N28 billion hit in exchange rate loss

Oando takes a N28 billion hit in exchange rate loss

Losses continue to...


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 losses. Oando’s half year result...


OANDO: Triple Bottom Chart Pattern Explained

OANDO: Triple Bottom Chart Pattern Explained

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


Oando Blames Naira Devaluation In Profit Warning

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 PLC, a Nigerian indigenous energy...


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

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 concerning the going concern status...


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

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 for its downstream operations by...


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

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 to the company’s ability to...


These 10 Nigerian Banks Just Bailed Out Oando

These 10 Nigerian Banks Just Bailed Out Oando

Oando made them a deal they couldn't...


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

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 FY results earlier set of...


Oando Gas Commence Mini LNG Project In Ajaokuta

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 subsidiary, Transit Gas Nigeria Limited...


Oando Commence Development Of LNG Facility

Oando Gas and Power Limited (OGP), a fully-owned entity of Oando Plc, has commenced development of a mini Liquefied Natural Gas (LNG) facility through...


Alert: Oando Confirms Its Auditors Have Issues With Its Financials

Alert: Oando Confirms Its Auditors Have Issues With Its Financials

Oando Nigeria Plc issued a press release last week that it will not be able to release its 2015 Annual Reports on schedule because...