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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’.
Andre Villas-Boas will return as Marseille coach for next season, the club announced on Monday, despite widespread reports the Portuguese was set to leave after just one year in charge.
Africa has so far been spared the worst impact of the coronavirus, but the World Health Organisation is worried the continent could face a “silent epidemic” if its leaders do not prioritise testing for it, a WHO envoy said on Monday.
Manchester United fans will be sad if Odion Ighalo leaves the club this summer.
The Nigerian National Petroleum Corporation (NNPC) says it currently has 6,621 staff strength both at its headquarters and across all its subsidiaries, division and offices nationwide.
Britain will reopen thousands of high street shops, department stores and shopping centres next month, Prime Minister Boris Johnson said on Monday.
Following a review of the protocol of treatment of COVID-19 infection by the NCDC, more patients are now testing negative and eventually certified and discharged as 9 more patients in Bauchi state were on Tuesday discharged.
The Federal Capital Territory Administration FCTA has arrested 84 travellers, warning others seeking to pass through the territory to stay back, as the Administration is not in a hurry to relax the emergency containment protocols imposed in the wake of the outbreak of Covid-19.
Four more samples taken for the second test of COVID-19 status at the NCDC in Abuja by Bauchi State government have all returned negative and patients discharged.
Manchester United forward Anthony Martial could leave the club if they sign a world-class striker this summer transfer window.
The Sokoto State Chairman Taskforce against COVID-19, Dr Muhammed Ali Inname, has urged residents of the state to take cognizance of social distance and other medical experts advice while celebrating this year’s eid-el-Fitri festival.