Oando Plc.

Oando Plc, on Tuesday, announced an N81.23 billion loss in its 2022 financial year, citing a hike in the cost of sales and finance costs that signify a struggling company. The indigenous petroleum company quoted on the Nigerian Exchange…

Oando Plc on Monday declared a total of N460.8billion total debt in 2021 financial year ended December 31, an increase of 10 per cent from N419.6billion reported in 2020 financial year. During the 12 months to December 31, 2021, the…

In response to the purchase of Eni Nigeria and Nigerian Agip Oil Company Limited by Oando Plc, the Petroleum and Natural Gas Senior Staff Association of Nigeria has threatened to withdraw its members from all offices and oil fields. On…

The Federal High Court sitting at Abuja, has dismissed the fundamental human right suit brought by Oando Plc and three of its directors against the Securities and Exchange Commission (SEC). In the ruling on Thursday, Justice F.O.G.…

The sentiment of the Nigerian Stock Market (NSE) investors shifted towards the insurance sector amidst the fall in the shares of major sectors of the economy during the week in review. The NSE Insurance Index appreciated by 0.51% during…

By UMORU ABDULKADIR Oando PLC has announced that the NNPC/NAOC/OANDO Joint Venture has made a significant gas and condensate find in the deeper sequences of the Obiafu-Obrikom fields, in OML61, onshore Niger Delta. Oando disclosure came…

Oando Plc reaped a windfall of N28.6 billion in tax credit in the second quarter ended June 2019, saving the company from hitting a big loss at half year. The tax credit provided a bridge for the energy company to cross over from a huge…

By CHUKWUMAH KELECHUKWU. “You’re making a terrible mistake if you stay out of a game that you think is going to be very good over time because you think you can pick a better time to enter it,” says Buffet. When Warren Buffet offered…

A Federal High Court sitting in Lagos has adjourned till fixed July 22 for the hearing of the substantive suit brought by two chief executive officers of Oando Plc, seeking enforcement of their rights. The court also fixed…

Two non-executive directors of Nigerian Oil firm Oando Plc have resigned. The two directors are Sena Anthony and Oghogho Akpata. This newspaper understands that their resignations took effect on June 3. Their resignation details…