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Oando Plc’s $783M Acquisition of Nigerian Agip Oil Company Secures ‘Deal of the Year’ Award at Africa Energy Week 2024
Detailed Report:
1. Overview of the Award and Recognition
Oando Plc, Nigeria’s indigenous energy company, has been awarded the prestigious ‘Deal of the Year’ accolade at...
Oando PLC Directors’ Report for the financial year ending December 31, 2023
1. Principal Activity
• Oando PLC engages in strategic investments within the energy sector and supplies oil and gas products.
• The Group’s primary business activities include:
• Exploration and Production (E&P)...
Oando Shares Surge 10% Ahead of Audited Financial Report Release
Oando Energy Plc has seen a significant uptick in its market value, rising by 10% as investor confidence swells ahead of the company’s third-quarter earnings release and the audited financial statement for the fiscal year 2023...
TINUBU HAS NO INTEREST IN OVH ACQUISITION- NNPC
Key Points:
1. Accusation by Atiku:
- Atiku Abubakar, the former Vice President, accused corporate groups close to President Bola Tinubu of taking control of the Nigerian National Petroleum Company (NNPC).
- He claimed that Wale Tinubu, the...
ENI GETS APPROVAL TO SELL AGIP TO OANDO
- Approval Received: Eni has obtained approval from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to sell its subsidiary, Nigerian Agip Oil Company (NAOC), to Oando PLC.
- Transaction Details: The sale includes NAOC’s focus on onshore oil...
FEDERAL HIGH COURT HALTS OANDO "GO PRIVATE" SCHEME
The Federal High Court, presided over by Hon. Justice Aneke, has ruled on an application by five aggrieved shareholders of Oando Plc in *Suit No. FHC/CP/494/2021: Venus Construction Co Ltd & 13 Ors vs. Ocean & Oil Development Partner Ltd &...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that Oando PLC has finalized the acquisition of 100% of Nigerian Agip Oil Company Limited (NAOC Ltd) shares from ENI. NUPRC Chief Executive, Engineer Gbenga Komolafe, announced this at the ongoing Oil and Gas Energy Week...
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