Tag
OANDO PLC
News and analysis about oando plc
Oando PLC has successfully completed its acquisition of the Nigerian Agip Oil Company (NAOC) from Italian energy giant Eni for a total consideration of $783 million.
Oando Plc was the highlight of the trading week ending August 9, 2024, as the stock posted a 60.47% gain to close with a share price of N40.60.
In July, the NGX posted a 2.28% decline as the All-Share Index moved from 100,057.49 at the start of the month to end the month at 97,774.22.
The Federal High Court, Lagos Division, has held that it cannot force Oando Plc minority shareholders to sell their shares if they do not want to sell.
The Nigerian Exchange (NGX) on July 4 recorded a slight decline, as the All-Share Index closed at 100,063.32 points, from the opening 100,299.48 points.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that Oando PLC has completed the acquisition of 100% shares of Nigerian Agip Oil Company Limited (NAOC Ltd).
Oando Plc has announced the resumption of its stock on the Johannesburg Stock Exchange, less than 3 months after the equity was suspended from listing on the JSE.
After releasing the FY 2022 financial statements, Oando Plc has issued a press statement to address its net loss of N81.2 billion incurred in 2022, citing militancy and pipeline vandalism as major culprits.
Oando PLC, a prominent Nigerian energy company listed on both the NGX and the JSE, has been suspended from the JSE as of 27 March 2024.
The Federal High Court, Lagos Division, has further adjourned the hearing in the petition filed by 14 shareholders of energy group, Oando Plc to 17th April 2024.
The Federal High Court in Lagos has postponed the hearing for the petition filed by 14 shareholders of Oando Plc.
At the Intra-African Trade Fair in Egypt Cairo, AfreximBank and Oando PLC, Nigeria’s leading indigenous energy solutions provider, signed an $ 800 million loan document to facilitate the company’s acquisition of 100% of the shares of the Nigerian Agip Oil Company (NAOC).