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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.
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.
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.
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).
Activities on the Nigerian Stock Exchange (NSE) extended a positive trend on Tuesday with key market indices appreciating further by 0.31 per cent.
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.
Super Eagles full-back Ikeowum Udoh Utin has completed a loan moved from Maccabi Haifa to newly Promoted Bnei Saknin FC of Israel.
The Ondo State Government on Monday said it had spent over N3.13 billion to offset the outstanding allowances of workers and medical staff in the state.
The Federal Government on Wednesday released the schedule for various national examinations for exit classes from August 17 to November 18, 2020.
Facebook condemned Saturday what it called an “extreme” ruling by a Brazilian Supreme Court judge ordering it to block the accounts of 12 high-profile allies of President Jair Bolsonaro, which it vowed to appeal.
The Niger Delta Development Commission (NDDC) has warned the public against activities of fraudsters offering non-existent jobs to unsuspecting seekers.