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The Management of the Central Bank of Nigeria (CBN) has announced the redeployment of Mr. Yusuf Philip Yila, a Director with the Bank and the Managing Director, NIRSAL Microfinance Bank (NMFB), to the position of Director, Development Finance Department, with effect from Friday, January 24, 2020.
In addition to recording a profit in its Q3 financials in Ocotober, Oando’s management has received recognition from various reputable institutions in the country.
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).
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.
The Group Managing Director of the NNPC, Mr Mele Kyari, who made the disclosure in a statement, said the announcement of winners was consistent with its commitment to transparency and accountability in all its activities.
The Nigerian National Petroleum Corporation (NNPC) on Sunday released the list of 15 winners of the crude oil lifting contracts 2019/2020 under the Direct Sale of Crude Oil and Direct Purchase of Petroleum Products (DSDP) arrangement.
The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, is to lead other team of discussants to x-ray topical issues in oil and gas industry at the 2019 edition of the National Association of Energy Correspondents (NAEC) annual conference.
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.
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.
No fewer than 14 local, regional and international oil companies that bid for the 2019 Direct Sale of Crude Oil and Direct Purchase (DSDP) contract have emerged successful.
It is often said that when two elephants fight, the grass suffers. This is proving to be the case between the Securities and Exchange Commission (SEC) and Oando PLC as concerned minority shareholders, who are the aggrieved party in the on-going issue, have seized every opportunity to vehemently air their grievances against the SEC, specifically faulting the recent actions of the regulatory body against Oando PLC.
The Pramatic Shareholders Association of Nigeria (PSAN) has condemned the Securities and Exchange Commission's (SEC) suspension of the 42rd Annual General Meeting of Oando Plc which was scheduled to take place on Tuesday, June 11, 2019.
The Securities and Exchange Commission, SEC, has debunked all allegations insinuating lack of due and statutory processes in the investigation of Oando Plc.
OF supports the Nigerian Government in achieving the Sustainable Development Goal 4 (Basic Education) through its Adopt-A-School Initiative (AASI), aimed at holistic improvement of public primary schools. The condition, location and nature of school infrastructure has direct impact on access, quality of education, and also influences learning outcomes.
In the Oando versus the Securities and Exchange Commission (SEC) crisis it seems the SECs strategy is to use silent warfare and third parties to achieve one objective - the destruction of Oando PLC.
The Securities and Exchange Commission in a brazen show of high handedness and a total disregard for the Nigerian justice system which they are sworn to uphold, has disregarded the directives of the Federal High Court, Lagos to suspend the implementation of sanctions against Oando PLC.
Governor Rotimi Akeredolu of Ondo on Saturday morning visited the scene of the explosions that rocked Akure, the capital of the State overnight.
The Nigerian Security and Civil Defence Corps (NSCDC) in Ebonyi said it has deployed 250 personnel across the state to curtail the spread of COVID-19 pandemic into the state.
The 43 ministers in the President Muhammadu Buhari’s cabinet have donated 50 per cent of their March salaries to support government’s efforts to combat the COVID-19 pandemic in the country.
South Africa came under a nationwide lockdown on March 27, 2020, joining other African countries imposing strict curfews and shutdowns in an attempt to halt the spread of the COVID-19 coronavirus across the continent.
The FCT Minister of State, Dr. Ramatu Tijjani Aliyu, took the sensitisation awareness campaign to Gwarinpa market, where she appealed to traders to vacate the market for the period of the fumigation exercise.
Several people have been killed in southern Guinea, according to q, in an outbreak of violence after the country's contested constitutional referendum.
The Peoples Democratic Party (PDP) in Oyo State has directed its members to suspend all political meeting at the ward and local government levels, following the reported case of the virus in the state at the weekend.
Former Flying Eagles and presently the secretary-general Nigeria coaches Union John Sam Obuh has called on club owners in the NPFL to educate their players on how best to live like professionals.
As the number of coronavirus cases increase in Nigeria, the Peoples Democratic Party (PDP) on Monday suspended all activities of the party across the federation.
Governor Ifeanyi Ugwuanyi of Enugu State has approved the immediate provision of Group Life/Group Personal Accident Assurance Policy for all medical doctors in the Enugu State University of Science and Technology (ESUT) Teaching Hospital, Parklane, Enugu.