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Deputy Group Chief Executive

NNPC transfers stakes in three oil assets to NPDC

The Nigerian National Petroleum Corporation, NNPC, yesterday, signed an agreement with Nigeria Agip Oil Company, NAOC, and Oando, for the transfer of NNPC’s stake in three oil wells, Oil Mining Lease, OML, 61, 62 and 63 to its upstream subsidiary, Nigerian Petroleum Development Company, NPDC.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

Clarion call for SEC, other agencies to respect rule of law

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.

Oando: We are not a party to London arbitration

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
Gabriele Volpi

Arbitration court orders Gabriele Volpi to pay self $360m of $600m owed by OODP...

The principals have chosen to speak as there were concerns that Volpi’s press release implied that they, Whitmore Limited, had a total indebtedness of $680 million.

Recent Stories

Why hike in cooking gas price may persist – marketers

The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), says the current hike in price of cooking gas might persist if activities of Liquefied Petroleum Gas (LPG) Terminal Owners and Off Takers is not checked.
Ugandan pop star turned politician known as Bobi Wine, Wanuri Kahiu -movie producer and director- and Oluwaseun Ayodeji Osowobi - Nigerian gender rights activist- together with other Africans make the list of TIME 100 Next.

Oluwaseun Ayodeji, Wanuri Kahiu, Bobi Wine and other Africans make Time 100 Next List

Ugandan pop star turned politician known as Bobi Wine, Wanuri Kahiu -movie producer and director- and Oluwaseun Ayodeji Osowobi - Nigerian gender rights activist- together with other Africans make the list of TIME 100 Next.

Kogi guber: Court begins hearing on suit challenging Yahaya Bello’s eligibility

The Federal High Court, Abuja, on Friday, commenced hearing on the suit challenging whether Gov. Yahaya Bello, is fit to contest in the Nov. 16 Kogi Governorship election
Teni Akpata aka Teni’s newly released ‘Billionaire’ video featuring veteran television host, Frank Edoho has continued to generate reactions from her fans.

Fans hail Teni’s ‘Billionaire’ video

Teni Akpata aka Teni’s newly released ‘Billionaire’ video featuring veteran television host, Frank Edoho has continued to generate reactions from her fans.

Attahiru Jega: Improving integrity of elections critical to democratic growth

Professor Attahiru Jega, former chairman of the Independent National Electoral Commission has said that improving the integrity of elections is key to the democratic development of any nation.