Home Topics Group Chief Executive

Group Chief Executive

Ogun State Governor, Prince Dapo Abiodun, has said that his administration was considering putting in place Health Insurance Scheme that would enable the people access affordable and quality healthcare services in the State.

Ogun government to propose health insurance scheme for less privileged

Ogun State Governor, Prince Dapo Abiodun, has said that his administration was considering putting in place Health Insurance Scheme that would enable the people access affordable and quality healthcare services in the State.

Oando‘s profit up by 26 percent to N13.1 bn in Q3

Oando Plc, an indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange has announced unaudited results for the nine months period ended September 30, 2019,(Q3’19) recoding Profit After Tax , PAT of N13.1 billion, an increase of 26 percent compared to N10.4 billion in the same period in 2018 (Q3’18).

Qatar Airways annual loss widens

Qatar Airways reported a loss of 2.3 billion Qatari riyals or 639 million dollars on Wednesday for the year ended March 31, as it grapples with the second year of an embargo by neighbours that has restricted its air routes and driven costs higher.
FILE PHOTO- An MTN starter kit pack on display at a retail stand in Abuja, Nigeria November 17, 2015. REUTERS-Afolabi Sotunde-File Photo

MTN raises $140 million in divestment plan

MTN Group Ltd says it has raised 2.1 billion rand (140.24 million dollars) from asset sales in the first half of this year as part of a divestment plan to simplify its portfolio.
Ayo Adepoju

Ayo Adepoju named new Ecobank chief financial officer

Ecobank Transnational Incorporated, the Lome-based parent company of Ecobank Group, has announced the appointment of a new Chief Financial Officer (CFO).

Oando announces H1 2019 results, posts N7.2 billion profit-after-tax

Oando PLC (referred to as “Oando” or the “Group”), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, today announced unaudited results for the six months period ended June 30, 2019.

Oando records six per cent increase in turnover

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.
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.

Multichoice, DSTV owners to sack 2,200 workers

Naspers’ pay-television business MultiChoice Group, owners of DSTV, is planning to lay off close to 2,200 workers in a shake-up of its customer care service, the company said on Friday.

Oando chiefs secure federal court injunction restraining SEC

The Federal High Court in Lagos has granted the Group Chief Executive, Oando, Wale Tinubu and his deputy, Omamofe Boyo, an injunction restraining the SEC from executing the sanctions in the letter to Oando dated the 31st of May, 2019.

Oando steadily wins shareholder confidence, posts N4.6 billion profits in Q1 2019

The year 2019 continues to favor Oando PLC, Nigeria’s leading indigenous energy solutions provider. At the end of March the company published its FYE 2018 results with the announcement of a third consecutive year of profits. The company continues to wax strong posting results for the first quarter of 2019 (Q1

Oando announces divestment of its residual 25% interest in Axxela

Oando PLC has announced that it has divested its residual 25% interest in Axxela Limited, held through Glover Gas & Power B.V., to Helios Investment Partners, a leading private equity firm with a focus on investments in Africa.

Oando boosts stakeholder confidence, records 37% increase in turnover

Oando PLC has once again demonstrated its ability to deliver good results and create value for shareholders. The indigenous oil company on Friday, March 29, published its financial results for the full year ended, December 31, 2018.
Wale Tinubu

Wale Tinubu donates books to universities across Nigeria in honour of International Day of...

Nigeria alongside other United Nations (UN) member states marked the first-ever International Day of Education on January 24 in celebration of the role of education for peace and development
Subomi Balogun

Olasubomi Balogun: Education, critical driver of economic development

The founder of the FCMB Group, Otunba Olasubomi Balogun, has described education as one of the critical drivers of development of any society.
United Nations UN

UN tasks private sector on humanitarian crises in North-East

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.

Oando’s turnover surges, posts 32% increase of N505 billion in Q3 2018

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 records N8.5 billion PAT in H1 2018

Oando continues to defy skeptics as the company recorded N8.5 billion profit-after-tax (PAT) in its half-year ended June 30, 2018 (H1 2018) results. The impressive result comes in the wake of increase in the price of oil and gas commodities.

Recent Stories

Senator Lokpobiri: Bayelsa has shown willingness to change destiny

Former Minister of State for Agriculture and Rural Development, Senator Heineken Lokpobiri, has commended the people of Bayelsa State for changing their destiny by voting the All Progressives Congress (APC) in the Saturday election.
The Independent National Electoral Commission has relocated the collation of results of Bayelsa State governorship election in Nembe, Southern Ijaw Local Government Areas to its headquarters in Yenagoa under heavy security.

YIAGA: Bayelsa election results were manipulated

YIAGA AFRICA, a civil society organisation (CSO), says there are indications that the results of the Bayelsa state gubernatorial election were manipulated.
A member of Manchester United's backroom team has been taken to hospital after falling ill, the club have confirmed.

Lack of Champions League begins to hit Manchester United finances

Manchester United’s failure to qualify for the Champions League is beginning to erode the club’s finances, but increased commercial income helped the English giants post revenues of £135.4 million ($174 million) for the first quarter of the 2019-2020 season on Monday.
Justice Bolanle Okikiolu-Ighile of the Lagos High Court, Igbosere on Monday, November 18, granted the application of a Dane, Peter Nielsen, accused of killing his wife and daughter, to revisit the scene of the crime which was sealed off after the incident last year.

Dane to revisit crime scene of wife’s, daughter’s murder

Justice Bolanle Okikiolu-Ighile of the Lagos High Court, Igbosere on Monday, November 18, granted the application of a Dane, Peter Nielsen, accused of killing his wife and daughter, to revisit the scene of the crime which was sealed off after the incident last year.
Retired Col. Hameed Ali, Comptroller-General of Nigeria Customs Service (NCS), on Thursday said the closure of Nigeria’s borders by Federal Government was undertaken to strengthen the nation’s security and protect its economic interests.

Customs proposes 5% levy slash on imported vehicles

Cost of used and new imported vehicles is set to drop if the Ministry of Finance approves the proposal of the Nigeria Customs Service (NCS) which recommended a reduction of the levy from 35% to 5 or 10%.