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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 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 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.
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
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.”
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 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.
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.
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.
Shareholders of Oando Plc have demanded the sack of Kemi Adeosun, minister of finance, for allegedly interfering with the stock market.
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.
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.”
The death of Deji Tinubu, son of the late Alhaji Kafaru Oluwole Tinubu, took Nigeria by storm on the 25th January, 2018.
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
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.
A Federal High Court sitting in Akure, Ondo State capital, on Friday, sentenced a final year student of Achievers University, Owo, Fisayo Adetoro, to 13 years imprisonment and a fine of N1m over impersonation, forgery and money laundering.
Chelsea manager Frank Lampard is facing an anxious wait to learn how long England striker Tammy Abraham will be sidelined with his ankle injury.
President Muhammadu Buhari has assured the European Union (EU) that though it might take a bit longer, the nation will surely put the issues associated with the troubles in the North East in order and move ahead.
The pan-Yoruba socio-political organisation, Afenifere, on Friday, warned the Nigeria Police not to cover up the murder of renowned alternative therapist, Alhaji Fatai Yusuf, populary known as Okooloyun.
The Monetary Policy Committee of the Central Bank of Nigeria on Friday altered the Cash Reserves Ratio from 22.5 per cent to 27.5 per cent.
The opposition Peoples Democratic Party (PDP) and governors elected on the platform of the All Progressives Congress (APC) were, at the weekend, locked in a verbal duel over the Supreme Court judgment which replaced PDP’s Emeka Ihedioha with APC’s Hope Uzodinma as governor of Imo State.
Brazil’s culture secretary Roberto Alvim resigned on Friday over a speech in which he appeared to quote Adolf Hitler’s propaganda minister, Joseph Goebbels.
Naomi Osaka said she had been overwhelmed by the pressure of defending her Australian Open title and admitted she does not have a “champion mentality” after losing to 15-year-old Coco Gauff on Friday.
The Odole Oodua, Sir Kensington Adebutu, has vowed to use his resources to support noble cause and ventures that would improve the well-being of the citizenry.
Jigawa State Police Command has paraded a 29-year-old Mustapha Idris, from Ringim Local Government Area of the state, who was arrested for killing his 20-year-old girlfriend, Nafisa Hashimu, who was three months pregnant for him.