The Group Chief Executive, Oando Plc, Wale Tinubu, said the acquisition of Nigerian Agip Oil Company Limited (NAOC Ltd) from ENI shows the importance of local...
ENI, an Italian multinational energy company, has concluded plans to exit Nigeria’s onshore oil exploration after agreeing to sell Nigerian Agip Oil Company Limited (NAOC Ltd)...
Oando Clean Energy Limited (OCEL) has made an inroad into the transportation business in Lagos State, acquiring and taking delivery of undisclosed number of electric vehicles...
The Chief Executive Officer of Oando Plc, Wale Tinubu, has stated that increase in militant activities and sabotage in Niger Delta dragged hydrocarbon production down in...
Group Chief Executive Officer of Oando Plc, Wale Tinubu, has said 20% of oil production is lost to oil theft, reflecting Nigerian government’s inability to prevent...
Wale Tinubu and Italian investor, Gabriele Volpi have agreed to acquire shares of minority investors as they demand to exit Oando after enduring a long dispute...
Oando Plc has agreed to settle the dispute between the company and its aggrieved investors, Alhaji Dahiru Mangal and Ansbury Inc., a major investor in investment...
Securities and Exchange Commission (SEC) has been told it has no authority in non-capital matters as Oando’s director, Yakubu Gumel, obtained a court order nullifying the...
Oando Plc on Monday urged the Federal High Court in Lagos to join it in the lingering face-off between the company’s suspended Group Chief Executive Officer...
The Securities and Exchange Commission (SEC) on Monday announced the suspension of the Tuesday Annual General Meeting (AGM) of Oando Plc. Following the suspension of top...
A Federal High Court, sitting in Lagos, Monday, restrained the Securities and Exchange Commission from giving effect to its decision on Oando Plc. It would be...
Fresh facts have emerged concerning the alleged infractions and false disclosures by Oando Plc which prompted the Securities and Exchange Commission (SEC) to mandate the oil...
After ordering the resignation of some of its board members, the Securities and Exchange Commission (SEC) has constituted an Interim Management Team to oversee the affairs...
The management of Oando Plc has challenged the Securities and Exchange Commission’s verdict on the outcome of the Forensic Audit into the company. Oando says it...
In efforts to end the crisis in the North-east part of the country a number of privately owned companies in the country have extended gestures to...
Oando Plc. said it is not affected by the July 6, 2018 ruling of the London Court of International Arbitration ordering the payment of $680 million...
The London Court of International Arbitration has ordered Ocean and Oil Development Partners Limited, belonging to Wale Tinubu, the Chief Executive Officer of Oando Plc., to...
Fears that the suspension of Munir Gwarzo, Director-General of the Securities and Exchange Commission (SEC), would derail the probe of Oando’s alleged grievous infractions, have been...
Detectives at the Special Fraud Unit, SFU, Milverton, Ikoyi, Lagos, have arrested a 23-year-old suspected fraudster, who allegedly blackmails eminent personalities in the country through a...
Oando Plc has reached definitive agreement to sell 49 per cent equity stake in its gas subsidiary, Oando Gas and Power (OGP) Limited for $115.8 million,...
Oando, on Monday, announced a $210 million recapitalization of its downstream operations by a consortium, HV Investments, and the Vitol Group, a statement by the group...
