Tag
OANDO
The Nigerian oil and gas sector has maintained a four-month buy-side run, up 27% from April's closing. Positive stock performance of companies in the sector has contributed to an 8% August rise.
Last year, Oando's stock delivered an impressive 159% year-to-date gain. The momentum continued into 2024, albeit with a modest start, as the share price increased by 14% in Q1.
Nigeria's All-Share Index fell by 1.16% in the third week of August, influenced by declines in some equities. The index fell from an opening of 97,100,31 points on Monday to end the week at 95,973 points.
African Export-Import Bank, Afreximbank, has announced that it provided a $650 million lending facility to Oando Plc as part of the $783 million acquisition of Nigerian Agip Oil Company (NAOC).
Oando PLC, Nigeria’s leading indigenous energy solutions provider, has announced the successful acquisition of Eni’s Nigerian subsidiary, Nigerian Agip Oil Company (NAOC).
The Nigerian National Petroleum Corporation (NNPC) Limited has firmly refuted the claims that Oando Plc and its CEO, Wale Tinubu, holds a 49% stake in the acquisition deal involving its retail subsidiary and OVH Energy.
https://www.youtube.com/watch?v=EZbKs1y-MNo
https://www.youtube.com/watch?v=EZbKs1y-MNo
Italian Oil Major, Eni, said it has received the approval of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to sell its unit, Nigerian Agip Oil Company (NAOC), to Oando.
In this episode, Ugodre looks into the latest buzz in the Nigerian financial markets. He discusses the appointment...
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 released its FY 2022 financial statements, posting a loss after tax of N81.2 billon during the year. This marks a significant decline from the N32.9 billion profit after tax recorded in FY2021.