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Oando Plc

Oando, 7Up, UAC exit NSE-30 Index

The Nigerian Stock Exchange (NSE) has reviewed the NSE-30, and the seven sectoral indices of the Exchange. These indices are NSE Consumer Goods, NSE Banking, NSE Insurance, NSE Industrial, NSE Oil & Gas, NSE Pension and the NSE Lotus Islamic Indices.

Fuel scarcity may end in few days – oil marketers

The latest round of fuel scarcity might end in a few days’ time if the Nigerian National Petroleum Corporation sustained the current level of supply of Premium Motor Spirit, major oil marketers and depot owners said on Wednesday.

Oando shareholders lament effect of SEC’s investigations on share price

Shareholders of Oando Plc on Tuesday raised concerns on how the Securities and Exchange Commission’s investigation has impacted negatively on the activities of the company, from the reduction in share price to eroding of both local and international investor confidence in the company.

How NNPC caused fuel scarcity – Ex-Minister Iheanacho

An oil and gas merchant, Capt. Emmanuel Iheanacho, has attributed the persistent scarcity of petrol to monopoly of the product by the Nigerian National Petroleum Corporation (NNPC).

Petroleum products in 40 vessels expected at ports

No fewer than 40 vessels are expected to berth at Lagos ports this week, as petroleum products takes the lead with nine tanker vessels laden with Premium Motor Spirit (PMS), otherwise known as petrol, diesel, and aviation fuel.

Fuel sells at N200 per litre in Lagos, as NNPC intensifies fuel distribution

Against the backdrop of the ongoing fuel scarcity, the prices have skyrocketed as petrol is currently selling at N200 per litre in Lagos, the News Agency of Nigeria (NAN).

NNPC to flood market with petroleum products

The Nigerian National Petroleum Corporation (NNPC) says it is intensifying efforts to flood the market with petrol and other products to ease scarcity pervading the country.

NNPC jacks up petrol supplies more cargoes arrive

The Nigerian National Petroleum Corporation (NNPC) claimed it has intensified efforts to flood the market with Premium Motor Spirit (PMS), otherwise called petrol.

Oando drags SEC to appeal court

Oando Plc has headed for the Court of Appeal in its bid to lift the technical suspension imposed on its shares on the floor of the Nigerian stock market by the Securities and Exchange Commission.

Suspended SEC chief awarded contracts to his companies, family members – Kemi Adeosun

Minister of Finance, Kemi Adeosun, says she cannot be blackmailed over her suspension of the Director-General of the Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo due to alleged fraud, saying that the suspended SEC boss awarded contracts to companies related to him and members of his family.

Suspended SEC chief Mounir Gwarzo tried to blackmail me – Kemi Adeosun

The Minister of Finance, Kemi Adeosun, on Thursday said her decision to suspend the embattled Director General of the Securities and Exchange Commission, Mounir Gwarzo, followed his attempt to blackmail her over the ongoing probe of Oando Plc.

Federal workers back govt on suspension of SEC chief Mounir Gwarzo

Federal workers under the auspices of the Association of Senior Civil Servants of Nigeria on Wednesday thrown its weight behind the Federal government over the suspension of Mr Mounir Gwarzo as Director-General Securities and Exchange Commission.

Festus Keyamo warns against politicizing investigation of suspended SEC chief

Festus Keyamo, Senior Advocate and Human Rights lawyer, on Wednesday warned against politicizing the investigation of suspended Director General of the Securities and Exchange Commission, SEC, Mounir Haliru Gwarzo.

Oando to undergo forensic audit

The Securities and Exchange Commission (SEC) has begun the forensic audit of Oando Plc, contrary to reports that the exercise stopped due to the suspension of the Director-General of the Commission, Mr Mounir Gwarzo.

Severance pay and severe pain

For Mr. Mounir Gwarzo, director-general of the Securities and Exchange Commission (SEC), these are not the nicest of times. He must be in a severe pain. He has just been suspended by Mrs Kemi Adeosun, minister of finance, over allegations of impropriety

Court strikes out Oando’s suit to stop forensic audit

A Federal High Court sitting in Lagos has struck out a case filed by Oando PLC against the Securities and Exchange Commission (SEC) seeking to stop SEC from conducting a forensic audit on the company and also lift a technical suspension placed on its shares.

NNPC pledges support for indigenous oil coys at launch of Lagos midstream jetty built...

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has pledged to deepen support to indigenous companies in Nigeria’s oil and gas industry.

NNPC pledges support for indigenous participation in Nigeria’s oil industry

The Nigerian National Petroleum Corporation (NNPC) has pledged to provide more support to indigenous companies in Nigeria’s Oil and Gas Industry.

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