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The oil giant, whose operation was grounded by the Securities and Exchange Commission (SEC) when it laid siege to its head office with the police, weathered the storm and recorded a six per cent increase in revenue of N315.4 billion, from N297.3 billion, in comparative period of 2018.
If the SEC goes ahead with this action it will be in clear violation of the interim injunction obtained by Oando’s principals Adewale Tinubu, the Group Chief Executive and Omamofe Boyo, the Deputy Group Chief Executive which restrains SEC, its servants and agents from directing or requesting any agency of the Government to act upon its decisions contained in its letter of 31st May pending the hearing.
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.
The United Nations has partnered with leading Nigerian companies in the banking, energy, legal and consumer services sectors to assist the federal government to tackle the humanitarian crisis in the north-east.
Speaking on the company’s financials, Adewale Tinubu said; “Today’s positive result is further evidence of the progress made by Oando in 2018 driven by our continued focus on execution and operational efficiency, supported by buoyant commodity prices.”
Oando PLC’s shareholders can heave a sigh of relief as the Company, has set the record straight following claims in the mediawhich implied that Oando has been ordered by the London Court of International Arbitration (LCIA) to pay Ansbury Investment Inc. $680 million
The dispute between Gabrielle Volpi and the principals of Oando has been ongoing for over a year and has been a cause of concern for companies and individuals alike who look for investments to grow their business via individuals in the form of equity or debt.
Following a successful outing at the recently concluded OPEC Seminar, Oando is set to lead conversations at West Africa’s largest oil and gas gathering, the Nigeria Oil and Gas Conference (NOG) in Abuja from today, July 2 – 5 themed: ‘Driving the Nigeria Oil & Gas Industry Toward Sustainable Development & Growth’.
The Management of the University of Ilorin (UNILORIN) says it has promoted 968 staffs in the 2019 promotion examination.
Nigeria born England international Tammy Abraham is on the verge of landing a boost on his Chelsea contract it has been revealed.
A Civil Society Organisation (CSO), the Accountable Leadership For Better Nigeria Initiative, ALBNI, has called on President Muhammadu Buhari to relieve the Minister of State for Petroleum Resources, Timipre Sylva, of his duties over claims by the latter that debt owed the federal government by the International Oil Companies, IOCs, would be difficult to recover legitimately.
Veteran Nollywood actress, producer and TV personality, Monalisa Chinda, has called for improved welfare and better working environment for Nigerian actors.
A Federal High Court in Lagos has ordered the interim forfeiture of two properties in Ikoyi, Lagos, belonging to former Senate President, Dr. Bukola Saraki.
As Ekiti State government has been rated as the second highest in the country in terms of open defecation, the government has restated its commitment to eradicate open defecation before 2022, by taking the campaign to learning institutions and public places.
The Bulgarian prime minister has called for the head of the country’s football association to resign after England players were racially abused in a European qualifier in Sofia on Monday.
The Enugu State Government on Wednesday appealed to farmers in the state to increase their productivity in order to achieve food security in the area.
The Minister of Health, Dr Osagie Ehanire, has said that oncological services were very expensive in Nigeria due to the stages of diagnosis involved in confirming cancer diseases.
The Lagos State Traffic Management Authority (LASTMA) has said that the planned road closure at Yaba level crossing had been postponed.