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Wale Tinubu

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

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 posts N10.4 billion profit after tax

Oando Plc has posted an impressive results for the nine months period ended September 2018, with a profit of N10.4 billion, representing a 46 per cent increase, compared with N7.1 billion it recorded in same period of 2017.

Federal government insists on concession of airports

The federal government said yesterday that it has resolved to concession nation’s airports under the management of the Federal Airports Authority of Nigeria (FAAN) to create opportunity for the private sector to participate in airport infrastructure development in Nigeria under the PPP arrangement.

Oando shareholders reinforce confidence in management at 41st general meeting

Oando recorded another victory with the successful conclusion of its 41ST Annual General Meeting (AGM) which held on Friday, July 27 at the Eko Hotel and Suites, Lagos. On the eve of the AGM, Thursday, July 26, the company published its H1 2018 results recording N8.5 billion profit-after-tax.

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.

Oando: We do not owe Ansbury any money

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.
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.

Oando shareholders demand Minister Kemi Adeosun’s sack

Shareholders of Oando Plc have demanded the sack of Kemi Adeosun, minister of finance, for allegedly interfering with the stock market.

Minister explains reinstatement of trading on Oando shares

While the shareholder groups have accused Adeosun of “unwholesome interference” in the nation’s capital market and meddling in the operations of SEC, and demanded her immediate sack, the minister has denied the allegations, saying the shareholder groups were speaking out of ignorance.

SEC: Result of Oando’s forensic audit out soon

The Securities and Exchange Commission (SEC) said late on Wednesday night that Nigerians, particularly shareholders of Oando PLC, should expect the release of the primary findings of the forensic audit of the company soon.

Intern hired via Twitter gets permanent job in Oando

Olayinka’s story takes us to a quote from Steve Jobs’ 2005 commencement speech at Stanford University where he quoted the farewell message placed on the back cover of the 1971 edition of the Whole Earth Catalogue: "Stay hungry. Stay foolish.”
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Oando chief in heart-warming tribute to late brother

The death of Deji Tinubu, son of the late Alhaji Kafaru Oluwole Tinubu, took Nigeria by storm on the 25th January, 2018.

Minister Kemi Adeosun asked me to stop Oando audit – Munir Gwarzo

The Minister of finance, Kemi Adeosun, and the suspended Director General of Securities and Exchange Commission, SEC, Munir Gwarzo have disagreed over the legality of the controversial suspension of the latter.g

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.

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The Petroleum Products Pricing Regulatory Agency (PPPRA) is set to commence a comprehensive audit and survey of downstream oil and gas logistic facilities, with a view to identifying the infrastructure gap in the sector

PPPRA fixes petrol ex-depot price for N138.62

The Petroleum Products Pricing Regulatory Agency (PPPRA) kept the petrol dealers guessing on Tuesday when it approved an ex-depot price of N138.62 per litre for the Premium Motor Spirit (PMS) petrol and kept the pump price to its chest.
Senate Minority Leader, Hon. Ndudi Elumelu from Delta State. on Monday in a motion canvassed for adherence and respect to the concept of separation of powers as enshrined in the laws of Nigeria.

Rep Elumelu: Opposition lawmakers leading anti-corruption investigations

The Minority Leader of the House of Representatives, Rep. Ndudi Elumelu (PDP-Delta), says opposition lawmakers in the house have been at the center of unearthing and exposing acts of corruption in the country.
Gov. Bello Matawalle of Zamfara has lifted the ban on congregational prayers in Mosques and Churches placed to curtail the spread of the coronavirus in the state.

Zamfara schools to resume August 9

The Zamfara State Government has directed secondary schools in the state to reopen from August 9, to enable exiting students sit for Secondary School Certificate Examination (SSCE).
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE: Trading sustains positive trend, up by 0.31 per cent

Activities on the Nigerian Stock Exchange (NSE) extended a positive trend on Tuesday with key market indices appreciating further by 0.31 per cent.

NUC: 32 universities involved in research to tackle impacts of coronavirus

The Executive Secretary, National Universities Commission (NUC), Prof. Abubakar Rasheed, says 32 federal, state and private universities across all geopolitical zones are involved in different stages of research toward tackling direct and collateral impacts of COVID-19.