oando plc nigeria

The Nigerian National Petroleum Corporation, NNPC, has reportedly offered award letters on Monday for highly sought-after contracts to exchange crude oil for imported fuel, oil industry. According to Reuters, a total of 15 groupings, with at least 34 companies in total, received award letters...

A court win has failed to save Oando Plc‘s share price from crashing because the company recorded the highest drop this year due to the battle between Oando Plc‘s management and the Securities and Exchange Commission (SEC). The share price was already unbalanced in the last days of May...

Oando Plc has denied releasing an ‘official statement‘ in response to the allegations brought up against it by the Securities and Exchange Commission (SEC). This disclosure comes a day (Sunday) before the company was supposed to welcome an interim management team. In a statement issued to the...

Documents made available by the Securities and Exchange Commission has shown that Oando over-deducted withholding tax from the dividends paid to shareholders. The company was reported to have deducted 24% of dividends as withholding tax instead of the 10% stipulated by the Federal Inland...

The Oando Shareholders Solidarity Group has said the intervention of the Emir of Kano, Muhammadu Sanusi II, in the face-off between the company and one of its aggrieved shareholders cannot stop a forensic audit planned by the Securities and Exchange Commission. The Coordinator, OSSG, Clement...