Nigeria received US$2.25 billion in first tranche of the $3.3 billion Afrexim loan, with UBA listed as local arranger and Onshore Depository Bank. NNPC Ltd, Sahara Energy also listed as lenders.
The Oando/Energia Joint Venture (JV) marked extensive efforts to improve the well-being of its host communities.
Oando, Nigeria’s leading indigenous energy solutions provider, bagged the award for ESG Company of the Year at the ongoing African Energy Week in Cape Town, South Africa.
With over 20 million residents, Lagos is the most populous city in Africa and among the fastest-growing megacities in the world. Over the last decade, the number of vehicles on Lagos roads has quadrupled.
Investors on the Nigerian Exchange have been scrambling for Oando shares following the release of its 2021 audited accounts.
In a move aimed at bolstering the financial stability of one of Nigeria's key energy companies, ten Nigerian banks have joined forces to restructure Oando PLC's Medium-Term Loan.
Nigerian equities traded in positive territory at the end of Friday’s trading session as Investors snapped a 2-losing streak to end the week positive.
Oando has officially confirmed its acquisition of Nigerian Agip Oil Company (NAOC), a subsidiary of the Italian energy conglomerate Eni, following the signing of the agreement.
Oando Plc, has entered an agreement with ENI for the acquisition of 100% of the shares of Nigerian Agip Oil Company Limited (NAOC Ltd).
In a recent letter addressed to the Speaker of the Lagos State House of Assembly, Mr Funso Doherty clarified that the Lagos state government does not have a binding memorandum of understanding with Oando Clean Energy Limited regarding sustainable transportation in the state.
The Petition was filed by Venus Construction Company Limited, acting by itself and for and on behalf of other minority shareholders of Oando.
Funso Doherty has expressed concerns over the propriety of the Lagos State Government’s partnership on electronic vehicles.
