oando news

The Nigerian National Petroleum Corporation (NNPC) has signed an agreement with Nigeria Agip Oil Company (NAOC) and Oando for the transfer of its stake in four oil wells to the Nigerian Petroleum Development Company (NPDC), its upstream arm. The four oil blocks divested to NPDC are Oil...

Capital market operators on Wednesday called for urgent intervention of the Federal Government in the conflict between the Securities and Exchange Commission (SEC) and Oando Plc. They made the call in interviews with newsmen in Lagos They reacted to the outcome of a forensic audit on Oando...

As the executive management of the Securities and Exchange Commission (SEC) meets today to decide the way forward on Oando Plc after a Federal High Court sitting in Lagos suspended the sanctions the capital market regulators … Read more via Thisdaylive – http://bit.ly/2HVpf3G Get more...

The Securities and Exchange Commission has banned the Group Executive Officer, Jubril Adewale Tinubu and Deputy, Mr. Omamofe Boyo from the position of Directors for the next 5 years. The SEC made the decision to curb identified violations in the company. The information was made available via...

The Securities Exchange Commission (SEC) has removed Wale Tinubu and Mofe Boye as Group Chief Executive Office of Oando Plc and Deputy respectively and barred them from being a director in a public company for the next five years. This is … Read more via Naijaloaded | Nigeria’s Most Visited...

The volume of shares traded on the Nigerian Stock Exchange (NSE) dropped drastically on Wednesday by 54.03 per cent, amid political... Read more via Vanguard Newspaper – https://ift.tt/2KADxVr Get more: Nigeria Business News

Oando Plc, Nigeria’s leading indigenous energy group, on Thursday announced its unaudited results for the six months period ended June 30, 2018. Oando, listed both on the Nigerian and Johannesburg Stock Exchange, made the significant progress in the first half of 2018 building on the momentum...

Oando PLC, JV Partners rehabilitate roads in Imo, Rivers, Bayelsa Oando and its JV partners said it has rehabilitated roads for its host communities in Imo, Rivers and Bayelsa states noting that it will lead to an improvement in the delivery of goods and services in the areas. Oando … Read...

Oando Nigeria Plc. and its Joint Venture (JV) partners, NNPC and NAOC, at the weekend commissioned a clean water scheme in Agbere community, Bayelsa State. No fewer than 5, 000 residents of the community would benefit from the project following the commissioning of a 20,000 gallon water scheme...

Oando declined 9.4 percent at the end of Monday trading on the Nigerian Stock Exchange (NSE), to the lowest since October, after a report that the London Court of International Arbitration ordered two companies owned by Oando CEO Wale Tinubu and his deputy Mofe … Read more via BusinessDay ...

London Court of International Arbitration, LCIA, has ordered two companies owned by Chief Executive Officer of Oando Plc, Mr. Wale Tinubu, and his deputy, Mr. Mofe Boyo, to pay a total debt of $680 million (N244.8 billion) to Ansbury Investments Inc, owned by Mr. Gabriele Volpi. In its … Read...

Oando Plc and seven other companies outperformed stocks on the Nigerian Stock Exchange (NSE) in April to emerge as top performing equities in percentage terms. Oando emerged as the best performing equity with..... Read more via Today.ng News – https://ift.tt/2G0iJUZ Get more: Nigeria...

Minister of Finance, Mrs. Kemi Adeosun has been accused of meddling with the functions of the Securities & Exchange Commission (SEC), causing “severe damage to the capital market.” The National President, Trusted Shareholders Association of Nigeria (TSAN), Mukhtar, along with the National...

Some Oando Plc shareholders on Sunday demanded the immediate sack of the Minister of Finance, Kemi Adeosun, accusing her of “unwholesome interference in the smooth operation of the capital market.” The aggrieved investors also accused Mrs Adeosun of meddling with the functions of the...

To the relief of Oando shareholders, investors and the general public, the technical suspension on the trading of the company’s shares was lifted for a second time by the Nigerian Stock Exchange (NSE). Read more via BusinessDay – https://ift.tt/2qu7myZ Get more: Nigeria Business News

Nigerian oil company, Oando, has dropped its lawsuit against the domestic Securities and Exchange Commission, paving the way for a forensic audit of the firm, the regulator announced in a statement on Tuesday. Oando had filed a lawsuit against the SEC to halt the regulator’s suspension of...

The acting director-general of the Securities and Exchange Commission (SEC), Mr. Abdul Zubair, has said that there is no going back on the forensic audit of embattled oil and gas company, Oando Plc. Speaking at a press briefing in Abuja on Tuesday, Zubair said the audit was delayed due … via...

Oando is fighting the technical suspension of its shares by the Nigerian Stock Exchange. According to a Premium Times report, the company had obtained a court order restraining the Nigerian Stock Exchange, NSE, from placing its shares on technical suspension. The company also obtained a...