SEC opposes joining of Oando in Tinubu's suit

SEC opposes joining of Oando in Tinubu's suit    Premium Times Oando, SEC saga: Court adjourns case to July 22    The Punch Oando seeks to join Tinubu’s suit against SEC    The Nation Newspaper Court Adjourns Oando Case Against Securities Regulator Until July 22    SaharaReporters.com Court to hear Oando joiner application July 4    Vanguard View full coverage on Google News read more

Oando Vs Securities & Exchange Commission: Oil Firm Secures Fresh Court Order To Quash SEC Sanction

Oando Vs Securities & Exchange Commission: Oil Firm Secures Fresh Court Order To Quash SEC Sanction    SaharaReporters.com The Federal High Court in Ikoyi, Lagos has granted leave to Oando Plc to file a motion for a judicial review of the Securities and Exchange Commission (SEC) ... read more

Revisiting the SEC- Oando Plc raging controversies

Revisiting the SEC- Oando Plc raging controversies    Guardian People who are dishonest, or rash, or stupid will inevitably suffer the penalties of dishonesty, or rashness, or stupidity — Herbert Spencer Quite amusingly but ... read more

Corporate infractions: SEC to partner with FIRS, NSE, others

Corporate infractions: SEC to partner with FIRS, NSE, others    The Punch Securities and Exchange Commission plans to share findings from the forensic audit of Oando Plc with other regulatory agencies, IFEANYI ONUBA repor... read more

Still On SEC And The Oando Case

Still On SEC And The Oando Case    Leadership Newspaper Still On SEC And The Oando Case Oando finally responded to the Securities and Exchange Commission's (SEC) Sunday, June 9, 2019 press release in which ... read more

Nigeria: Court Stops SEC From Enforcing N90 Million Fine Against Oando

Nigeria: Court Stops SEC From Enforcing N90 Million Fine Against Oando    AllAfrica.com Justice Ayokunle Faji, sitting at a Federal High Court in Lagos, has granted leave to Oando Plc to file a motion for a judicial review of the Securities and ... read more

Nigerian court grants Oando leave to file judicial review against capital market regulator

Nigerian court grants Oando leave to file judicial review against capital market regulator    Pulse Nigeria Oando has secured a judgement to file a judicial review against the Securities Exchange Commission, SEC fine. read more

Oando: SEC opposes Tinubu, deputy's joinder suit

Oando: SEC opposes Tinubu, deputy's joinder suit    Daily Trust The Securities and Exchange Commission (SEC), through its lawyer, Chief Anthony Idigbe (SAN), has opposed an application for joinder, in a suit before a ... read more

Politicians want fuel subsidy to continue at all cost - Wale Tinubu

Politicians want fuel subsidy to continue at all cost - Wale Tinubu    Legit.ng Legit.ng News ☆ Wale Tinubu, managing director of Oando Plc, has called for the deregulation of the sector, saying that the federal government needs to stop ... read more

Opinion: Clarion call for the SEC, other agencies to respect the rule of law by Emmanuel Idongesit

Opinion: Clarion call for the SEC, other agencies to respect the rule of law by Emmanuel Idongesit    Legit.ng Legit.ng News ☆ It's the executive heeding the clarion call to put SEC's house in order so that they can effectively regulate corporate governance first by having ... read more

Auditors Question Nigeria Oil Driller’s Ability to Stay Afloat

Auditors Question Nigeria Oil Driller’s Ability to Stay Afloat    Bloomberg Ernst & Young, auditors for Nigeria's Oando Plc, said there was material uncertainty about the energy company's ability to continue as a going concern, even as ... read more

Nigeria SEC Says Oando Committed `Serious Infractions,' Bars CEO

Nigeria SEC Says Oando Committed `Serious Infractions,' Bars CEO    Bloomberg Nigeria's market regulator barred Oando Plc's chief executive officer and deputy CEO from the boards of public companies for five years after an investigation ... read more

EXTRA: Wale Tinubu ‘looking forward to new life in music’ — amid Oando crisis

EXTRA: Wale Tinubu ‘looking forward to new life in music’ — amid Oando crisis    TheCable Wale Tinubu, chief executive officer of Oando PlC, says he is “looking forward to his new life in music”. Tinubu gave the hint in his birthday celebratory post ... read more

New SEC Board Urged To Review Oando Sanction

New SEC Board Urged To Review Oando Sanction    Leadership Newspaper As the federal government inaugurates the new board of the Securities and Exchange Commission (SEC), a group, Initiative for Leadership and Economic ... read more

SEC v Oando: A Review of SEC's Powers

SEC v Oando: A Review of SEC's Powers    Leadership Newspaper SEC v Oando: A Review of SEC's Powers A recent article in This Day newspaper by Efe Etomi and Elivis Asia, questions the powers of the Securities and ... read more

SEC/Oando: A Review Of SEC's Powers

SEC/Oando: A Review Of SEC's Powers    Leadership Newspaper SEC/Oando: A Review Of SEC's Powers A recent article in a national newspaper by Efe Etomi and Elivis Asia, questions the powers of the Securities and ... read more

The Nigerian Investor As King

The Nigerian Investor As King    Leadership Newspaper The Nigerian Investor As King The Federal High Court in Lagos will on Monday, July 22, 2019, begin hearing of arguments between the lawyers of sacked group ... read more

Appraising SEC's Regulatory Roles And Scorecard On Capital Market Dev't

Appraising SEC's Regulatory Roles And Scorecard On Capital Market Dev't    Leadership Newspaper For several weeks now the recent step by the Securities and Exchange Commission's (SEC's) regulatory to instill discipline in the nation's capital market and, ... read more

IoD wades into SEC-Oando crisis, sets up investigative panel

IoD wades into SEC-Oando crisis, sets up investigative panel    Guardian Nigeria The Institute of Directors (IoD) Nigeria, has set up a panel to investigate the crisis between the Securities and Exchange Commission (SEC), and Oando Plc. IoD, ... read more

It’s time to invest, Oando chief urges investors

It’s time to invest, Oando chief urges investors    The Nation Newspaper Oando Plc Group Chief Executive Wale Tinubu has urged indigenous oil and gas companies to invest in the business now that the prices of oil are low. read more

Oando secures court injunction to restrain SEC

Oando secures court injunction to restrain SEC    CNBCAfrica.com Oando Plc secured a court injunction restraining Nigeria's Securities and Exchange Commission from executing sanctions against the company. Oyeyemi Oke ... read more

Tinubu urges FG to deregulate oil sector, discontinue subsidy

Tinubu urges FG to deregulate oil sector, discontinue subsidy    Vanguard Nigerian News - The calls for the Federal Government to take concrete steps towards deregulating the oil and gas industry, as well as ending the controversial ... read more

Oando, others push for gender parity in oil, gas sector

Oando, others push for gender parity in oil, gas sector    The Nation Newspaper The oil and gas sector is central to the nation's economy. Oando, and other speakers at the Women's Energy Council at the just concluded Oil Council: Africa ... read more

Volpi tightens his grip over Oando’s future

Volpi tightens his grip over Oando’s future    The Africa Report Italian-Nigerian businessman Gabriele Volpi has a strong hand in the sacking of Wale Tinubu as CEO of Nigeria's largest indigenous oil company, Oando. read more

Nigeria: SEC Suspends Oando PLC's AGM

Nigeria: SEC Suspends Oando PLC's AGM    AllAfrica.com Following the ex-parte order of the Federal High Court, Ikoyi Lagos in suit no: FHC/L/CS/910/19, in Mr. Jubril Adewale Tinubu and Anor V Securities and ... read more

Court Fixes July 22 To Hear Oando Suit Against SEC

Court Fixes July 22 To Hear Oando Suit Against SEC    Leadership Newspaper Justice Ayokunle Faji of the Federal high court in Lagos on Thursday adjourned the four cases filed by the embattled Group Chief Executive Officer of Oando Plc, ... read more

Stock market loses N291bn in four days

Stock market loses N291bn in four days    The Punch Feyisayo Popoola Despite analysts' predictions that the performance of the nation's stock market would begin picking up in the second half of the ... read more

Nigeria: Global EITI Sets Agenda for New NNPC Chief

Nigeria: Global EITI Sets Agenda for New NNPC Chief    AllAfrica.com The globàl transparency group, the Extractive Industries Transparency Initiative (EITI), has set an agenda for the incoming Group Managing Director of the ... read more

Oando crisis deepens as two directors resign -

Oando crisis deepens as two directors resign -    Premium Times Two non-executive directors of Nigerian Oil firm Oando Plc have resigned. The two directors are Sena Anthony and Oghogho Akpata. This newspaper ... read more

Nigeria: Capital Market Operators Seek Govt's Intervention in SEC, Oando Dispute

Nigeria: Capital Market Operators Seek Govt's Intervention in SEC, Oando Dispute    AllAfrica.com Capital market operators have called for the urgent intervention of the federal government in the conflict between the Securities and Exchange Commission ... read more

Oando PLC Responds to SEC's Statement Regarding Fair Hearing in the Investigation of the Company

Oando PLC Responds to SEC's Statement Regarding Fair Hearing in the Investigation of the Company    Proshare Nigeria Limited Consequently, Oando disagrees with the statement “Oando PLC was given sufficient opportunity of being heard and accorded several opportunities to rebut the ... read more

Fuel subsidy: US ambassador asks FG to end payment

Fuel subsidy: US ambassador asks FG to end payment    Legit.ng Legit.ng News ☆ Stuart Symington, a US ambassador to Nigeria, has asked the federal government to get rid of fuel subsidy in the country, adding that it cost ... read more

Auditor questions Oando’s sustainability

Auditor questions Oando’s sustainability    Business Day Company's auditing firm has flagged its concern about oil producer's ability to stay in business. read more

Oando Plc Announces FYE 2018 Results, Posts N28.8 Billion Profit-After-Tax

Oando Plc Announces FYE 2018 Results, Posts N28.8 Billion Profit-After-Tax    Proshare Nigeria Limited Oando PLC (referred to as “Oando” or the “Group”), Nigeria's leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, ... read more

Investors lose N93bn as market cap drops below N13tn

Investors lose N93bn as market cap drops below N13tn    The Punch Feyisayo Popoola. Investors lost N93bn on Tuesday as the market capitalisation of equities listed on the floor of the Nigerian Stock Exchange dropped below the ... read more

Oando to raise fresh capital, cut debt – CEO

Oando to raise fresh capital, cut debt – CEO    The Punch 'Femi Asu with agency report Oando Plc, an indigenous energy group, aims to raise *fresh* capital over the next two years and repay debt used to acq... read more

Nigeria: International Bodies Appeal to SEC to End Its Feud With Oando

Nigeria: International Bodies Appeal to SEC to End Its Feud With Oando    AllAfrica.com The Securities & Exchange Commission (SEC) and Oando saga are generating commentary from all quarters. There have been appeals for SEC to follow due ... read more

Oando Saga: Operators want firm, holistic regulatory handling to protect investors

Oando Saga: Operators want firm, holistic regulatory handling to protect investors    Premium Times Capital market operators on Wednesday urged firm and holistic handling of the conflict between the Securities and Exchange Commission (SEC) and Oando ... read more

Oando PLC Announces Divestment of its Residual 25% Interest in Axxela Limited

Oando PLC Announces Divestment of its Residual 25% Interest in Axxela Limited    Proshare Nigeria Limited Oando PLC (referred to as “Oando” or the “Group”), Nigeria's leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchanges, ... read more

Oando profits soar on back of high oil price

Oando profits soar on back of high oil price    Business Day The company, which is listed in Nigeria and Johannesburg, said profits after tax for the nine months to September rose to 10.4-billion naira. read more

Oando: USNC urges SEC to follow due process

Oando: USNC urges SEC to follow due process    The Punch Feyisayo Popoola. The United States-Nigeria Council for Food Security, Trade and Investment has called on the Securities and Exchange Commission to follow ... read more

Deregulation, subsidy removal talks re-surface as new NNPC GMD, Kyari, assumes office

Deregulation, subsidy removal talks re-surface as new NNPC GMD, Kyari, assumes office    Premium Times As the newly appointed Group General Manager of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, assumes office on Monday, calls for the ... read more

Nigeria: We Were Not Given Fair Hearing, Oando Insists

Nigeria: We Were Not Given Fair Hearing, Oando Insists    AllAfrica.com Again, the embattled management of Oando Plc has accused the Securities and Exchange Commission (SEC), of not granting it fair hearing before dissolving its ... read more

Oando shares rebound despite weak market sentiment

Oando shares rebound despite weak market sentiment    The Punch Firm decries police presence at head office 'Femi Asu The share price of Oando Plc rebounded on Thursday, the first day of trading after the c... read more

US ambassador asks FG to get rid of fuel subsidy

US ambassador asks FG to get rid of fuel subsidy    TheCable Stuart Symington, US ambassador to Nigeria, has advised the federal government to get rid of fuel subsidy. The advice is coming a week after Muhammad ... read more

Oando disagrees with SEC on AGM suspension

Oando disagrees with SEC on AGM suspension    The Punch 'Femi Asu Oando Plc has said it stands to lose significant shareholder funds following the suspension of its Annual General Meeting by the Securit... read more

Subsidy payment hurting oil industry, economy - Operators

Subsidy payment hurting oil industry, economy - Operators    Premium Times The government's continued payment of subsidy on petroleum products is hurting the growth of the oil industry and the well-being of the country's economy. read more

Oando of Nigeria Eyes Growth After Curbing $2.5 Billion Debt

Oando of Nigeria Eyes Growth After Curbing $2.5 Billion Debt    Bloomberg Oando Plc is looking to boost crude output from next year as the Nigerian producer breaks the back of a $2.5 billion debt burden built up through the 2014 ... read more

Deloitte Issues Press Statement on OANDO Forensic Audit

Deloitte Issues Press Statement on OANDO Forensic Audit    Proshare Nigeria Limited Our attention has been drawn to a press statement issued by OANDO Plc on Tuesday, 18 June 2019. We believe that the press statement contains material ... read more

FHC Lagos Adjourns Hearing Between Oando Plc's GCE and Deputy GCE and SEC

FHC Lagos Adjourns Hearing Between Oando Plc's GCE and Deputy GCE and SEC    Proshare Nigeria Limited Federal High Court of Lagos Adjourns Hearing Between Oando PLC's Group Chief Executive and Deputy Group Chief Executive and the Securities " Exchange ... read more

Nigeria: Oando - Concerns Mount Over Non-Release of Forensic Report

Nigeria: Oando - Concerns Mount Over Non-Release of Forensic Report    AllAfrica.com As the executive management of the Securities and Exchange Commission (SEC) meets today to decide the way forward on Oando Plc after a Federal High ... read more

5 stories that will shape the Nigerian market this week

5 stories that will shape the Nigerian market this week    Pulse Nigeria Last week, the NSE All-Share Index and Market Capitalisation appreciated by 0.61% to close the week at 31069.37 and N13.685 trillion respectively. read more

Nigeria: Why Oando Scandal Matters

Nigeria: Why Oando Scandal Matters    AllAfrica.com Opinion - Understanding the workings of the Nigerian economy is like trying to read a doctor's prescription. It is never an easy task. That explains why when I see ... read more

Oando: SEC tasked to follow due process

Oando: SEC tasked to follow due process    Vanguard Nigerian News - SOME aggrieved shareholders in the case between the Securities and Exchange Commission, SEC and Oando PLC have expressed their grie. read more

Vandals cripple national economy further with $2 billion oil revenue loss

Vandals cripple national economy further with $2 billion oil revenue loss    Guardian Nigeria Nigeria's ability to earn substantial revenue from oil and gas resources to finance its programmes is being hampered by the continued vandalisation of assets as ... read more

Oando's Plan to Deleverage and Remain Profitable

Oando's Plan to Deleverage and Remain Profitable    Proshare Nigeria Limited Nigerian oil company Oando PLC aims to raise *fresh* capital over the next two years and repay debt used to acquire Conoco Phillips' Nigerian assets, its chief ... read more

Nigeria's Oando eyes growth after curbing $2.5-billion debt

Nigeria's Oando eyes growth after curbing $2.5-billion debt    WorldOil Oando Plc is looking to boost crude output from next year as the Nigerian producer breaks the back of a $2.5 billion debt burden built up through the 2014 ... read more

Oando Optimises Value From Midstream Business

Oando Optimises Value From Midstream Business    Proshare Nigeria Limited 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 ... read more

Oando, Access bank, others raise fund to tackle crisis in N-East

Oando, Access bank, others raise fund to tackle crisis in N-East    Vanguard The humanitarian crisis in the North-east part of the country has received the attention of the United Nations (UN) Nigerian Humanitarian Fund- Private Sector ... read more

Oando champions knowledge transfer with Kenyan university

Oando champions knowledge transfer with Kenyan university    Vanguard Oando PLC, Nigeria's leading indigenous oil and gas company, held a two-day knowledge transfer session with Master's of Oil and Gas Law (LL.M) students ... read more

Rise in Oando share price sparks off fresh controversy

Rise in Oando share price sparks off fresh controversy    Vanguard There seems to be *fresh* controversy over the takeover of Oando Plc following disagreements amongst investment experts over yesterday's appreciation in... read more

Suspected Iranian Oil Caught in Sanctions Trap

Suspected Iranian Oil Caught in Sanctions Trap    The Wall Street Journal With U.S. sanctions on Iran bearing down, Italian oil giant Eni rejected a cargo of crude that bore the hallmarks of Iranian oil. read more

Nigeria: Tales of Two Regulators - NBC Is to AIT What SEC Is to Oando

Nigeria: Tales of Two Regulators - NBC Is to AIT What SEC Is to Oando    AllAfrica.com On the night of Thursday, June 6, 2019, AIT television was shut down by the Nigerian Broadcasting Commission (NBC) for alleged failure to abide by the ... read more

Oando, SEC tussle drags stock market’s indices by 2.05 per cent

Oando, SEC tussle drags stock market’s indices by 2.05 per cent    Guardian Nigeria The nation's equity market closed trading on a volatile note last week, consolidating three consecutive sessions of losses after the two-day public holiday for Eid ... read more

Oando Records N4.6bn PAT In Q1 2019

Oando Records N4.6bn PAT In Q1 2019    Leadership Newspaper Oando Records N4.6bn PAT In Q1 2019 Oando Plc has posted a profit after of N4.6 billion in first quarter of 2019 and the company start the year on a good note. read more

Oando: Tinubu gets order for judicial review of SEC fine, ban

Oando: Tinubu gets order for judicial review of SEC fine, ban    The Nation Newspaper The Federal High Court in Lagos has granted leave to Oando Plc Group Chief Executive Officer Mr Wale Tinubu and his deputy Mr Omamofe Boyo to file a ... read more

Shareholders Association slams SEC for 'double standards' in dealings with Oando

Shareholders Association slams SEC for 'double standards' in dealings with Oando    Premium Times We the members of the Pragmatic Shareholders Association of Nigeria join Oando PLC, its management team and Board of Directors in calling the Securities ... read more

OANDO Declares N10.39bn PAT in Q3 2018 Results (SP:N5.05k)

OANDO Declares N10.39bn PAT in Q3 2018 Results (SP:N5.05k)    Proshare Nigeria Limited Oando Plc, an integrated services company in Oil and Gas sector announced 31.76% Revenue growth in Q3'18 Results. read more

Corruption not only out-of-control in SA: Just look at Nigeria’s Oando scandal.

Corruption not only out-of-control in SA: Just look at Nigeria’s Oando scandal.    BizNews JOHANNESBURG — We tend to forget in South Africa that corruption and financial mismanagement is a global phenomenon. Case in point is the Oando ... read more

Oando, others raise funds for Northeast

Oando, others raise funds for Northeast    The Nation Newspaper The United Nations (UN) Nigerian Humanitarian Fund- Private Sector Initiative (NHF-PSI) led by Adewale Tinubu, Group Chief Executive of Oando PLC. read more

Oando Crisis: Court Grants Tinubu, Boyo Leave To Challenge Sack

Oando Crisis: Court Grants Tinubu, Boyo Leave To Challenge Sack    Leadership Newspaper Oando Crisis: Court Grants Tinubu, Boyo Leave To Challenge Sack By OLUGBENGA SOYELE, Justice Ayotunde Faji of the Federal High Court in Lagos has ... read more

Oando Energy Resources Enters into Agreement with Oando PLC for Oando PLC to Acquire OER Minority Shares for a Consideration of US$1.20 Per Share in Cash

Oando Energy Resources Enters into Agreement with Oando PLC for Oando PLC to Acquire OER Minority Shares for a Consideration of US$1.20 Per Share in Cash    PR Newswire CALGARY, Alberta, Dec. 22, 2015 /PRNewswire/ -- Oando Energy Resources Inc. ("OER" or the "Company") (TSX: OER), a company focused on oil and gas ... read more

Nigerian Energy Giant Oando Under Investigation For Alleged Financial Malpractice

Nigerian Energy Giant Oando Under Investigation For Alleged Financial Malpractice    Forbes Nigerian integrated energy solutions provider, Oando PLC, is under investigation by the Nigerian Securities and Exchange Commission (SEC) over alleged ... read more

SEC alleges Oando over-deducted tax from shareholders’ dividend

SEC alleges Oando over-deducted tax from shareholders’ dividend    TheCable Documents made available by the Securities and Exchange Commission has shown that Oando over-deducted withholding tax from the dividends paid to ... read more

What you need to know about the Oando PLC crisis

What you need to know about the Oando PLC crisis    Premium Times The raging fire in Oando PLC smouldered for several months before exploding on Wednesday when the capital market regulator, the Securities & Exchange ... read more

Oando PLC declares N19.8 billion profit, records upward performance

Oando PLC declares N19.8 billion profit, records upward performance    Daily Post Nigeria Oando has once again boosted shareholders confidence by publishing a N19.8bn profit after tax in its FYE 2017 financial results. Five quarters in a row, Oa. read more

Oando grows profit after tax by 46% in Q3

Oando grows profit after tax by 46% in Q3    Vanguard Oando Plc has sustained a rebound to profitability for three consecutive quarters this year with its profit after tax, PAT, for the third quarter (Q3) ended September ... read more

PROMOTED: Oando Boosts Stakeholder Confidence: Records 37% Increase In Turnover

PROMOTED: Oando Boosts Stakeholder Confidence: Records 37% Increase In Turnover    Premium Times 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, ... read more

Nigeria's private sector joins United Nations to tackle humanitarian crisis in North-East - Nigeria

Nigeria's private sector joins United Nations to tackle humanitarian crisis in North-East - Nigeria    ReliefWeb Lagos, 16 November 2018 – Leading Nigerian companies from the banking, energy, legal and consumer services sectors, among others, have joined forces ... read more

Stakeholders fault Oando’s complaints on Forensic Audit

Stakeholders fault Oando’s complaints on Forensic Audit    The Nation Newspaper Consolidated Capital Market Stakeholders Forum (CCMSF) has taken a swipe at insinuations in some quarters that the Securities and Exchange... read more

Oando sells majority stake in downstream business to Vitol

Oando sells majority stake in downstream business to Vitol    Financial Times Nigerian energy group Oando has sold a majority stake in its fuels business to trading house Vitol and Helios Investment Partners for $276m as it moves to ... read more

Core investor take-overs loom as insurance industry recapitalizes

Core investor take-overs loom as insurance industry recapitalizes    Vanguard Nigeria News - DESPITE protests from minority shareholders kicking against the one year time frame given to insurance companies to recapitalize, major ... read more

Nwogwuwu, Arise TV MD, takes on Peterside over Oando forensic report

Nwogwuwu, Arise TV MD, takes on Peterside over Oando forensic report    TheCable Ijeoma Nwogwuwu, the managing director of Arise TV, says it is disingenuous for Oando Plc. to say it was not aware of the forensic audit by Securities and ... read more

Oando, JV partners rehabilitate roads in host communities

Oando, JV partners rehabilitate roads in host communities    Punchng 'Femi Asu Oando Plc, in conjunction with the Nigerian National Petroleum Corporation and the Nigeria Agip Oil Company, has announced the inaugura... read more

SEC Vs Oando: 2 Oando Directors Quit

SEC Vs Oando: 2 Oando Directors Quit    Leadership Newspaper SEC Vs Oando: 2 Oando Directors Quit Two non-executive directors of Oando Plc, Chief Sena Anthony and Oghogho Apata, yesterday, announced their ... read more

SEC’s abuse of power negatively impacts Oando's employees and board of directors

SEC’s abuse of power negatively impacts Oando's employees and board of directors    Legit.ng In the Oando versus the Securities and Exchange Commission (SEC) crisis it seems the SEC's strategy is to use silent warfare and third parties to achieve one ... read more

Nigeria: SEC in the Limelight Over Gwarzo Acquittal

Nigeria: SEC in the Limelight Over Gwarzo Acquittal    AllAfrica.com The recent acquittal of the suspended Director General (DG) of the Securities and Exchange Commission (SEC), Mounir Gwarzo, brings the SEC into the ... read more

Oando Energy Resources concludes arrangement with Oando PLC for Oando PLC to acquire OER minority shares for a consideration of US$1.20 per share in cash

Oando Energy Resources concludes arrangement with Oando PLC for Oando PLC to acquire OER minority shares for a consideration of US$1.20 per share in cash    Canada NewsWire CALGARY, May 12, 2016 /CNW/ - Oando Energy Resources Inc. ("OER" or the "Corporation") (TSX: OER) today announced the closing of its going private ... read more

Oando Plc Announces Closed Period and Board Meeting

Oando Plc Announces Closed Period and Board Meeting    Proshare Nigeria Limited This is to inform the public and our stakeholders that the Board of Directors of Oando PLC will be meeting to consider the 2017 Audited Financial Statements of ... read more

OANDO Declares N4.19bn PAT in Q1 2018 Results,(SP:N9.15k)

OANDO Declares N4.19bn PAT in Q1 2018 Results,(SP:N9.15k)    Proshare Nigeria Limited Oando Plc, Petroleum marketing company in Oil & Gas sector announced 8.9% Revenue growth in Q1'18 Result. read more

Oando Foundation Commissions Classroom Blocks, Sanitation Facilities in Plateau

Oando Foundation Commissions Classroom Blocks, Sanitation Facilities in Plateau    Premium Times Oando Foundation (OF) on Tuesday commissioned various infrastructure and sanitation projects in its adopted school – Bungha Gida Primary School, Mangu ... read more

SEC moves to quash court order restraining it from sacking Oando board, management

SEC moves to quash court order restraining it from sacking Oando board, management    Daily Trust The ongoing tussle between the Securities and Exchange Commission (SEC) and Oando Board and its management over the commission's directives to have ... read more

Nigeria's Top Business Leaders join UN to visit Borno State in Support of Conflict-Affected People in the North-East - Nigeria

Nigeria's Top Business Leaders join UN to visit Borno State in Support of Conflict-Affected People in the North-East - Nigeria    ReliefWeb Maiduguri, 14 May 2019 – Some of Nigeria's most influential and powerful business leaders travelled to Maiduguri on Tuesday in a first-ever collective visit to ... read more

Oando female engineers champion mentorship in celebration of Int'l Day of Women in Science

Oando female engineers champion mentorship in celebration of Int'l Day of Women in Science    Vanguard Oando Plc led by a delegation of its female engineers have mentored female pupils in one of its foundation adopted primary schools, on the role and importance ... read more

Italian Energy Giant Rejects Suspected Iran Oil

Italian Energy Giant Rejects Suspected Iran Oil    National Council of Resistance of Iran (NCRI) Stay up to date on all the latest Iran business and economic news with NCRI. Iranian economy news stories can all be found on the official opposition website ... read more

Oando Plc Issues an Update on Claims of a SEC Investigation

Oando Plc Issues an Update on Claims of a SEC Investigation    Proshare Nigeria Limited Further to the initial press release by the Company (“the Company” or “Oando”) published on Friday, 14th July 2017 entitled 'Oando PLC's Official Statement on ... read more

Indigenous oil firms battle for survival as debts hit banks

Indigenous oil firms battle for survival as debts hit banks    The Punch Many indigenous oil and gas producers in Nigeria are struggling to stay afloat as high levels of non-performing loans threaten the soundness of the... read more

Oando's Turnover Surges: Posts 32% Increase of N505 Billion in Q3 2018

Oando's Turnover Surges: Posts 32% Increase of N505 Billion in Q3 2018    Premium Times The continued increase in oil prices and sales volumes, Nigeria's exemption from the production cut by the Organization of Petroleum Exporting Countries ... read more

Litigation Update July And August 2018 - Litigation, Mediation & Arbitration - Nigeria

Litigation Update July And August 2018 - Litigation, Mediation & Arbitration - Nigeria    Mondaq News Alerts Dissatisfied by the decision of the IST, the Appellant appealed to the Court of Appeal. Nigeria Litigation, Mediation & Arbitration Advocaat Law Practice 12 Nov ... read more

Oil marketers are making losses, closing shop —MOMAN

Oil marketers are making losses, closing shop —MOMAN    The Punch 'Femi Asu The Major Oil Marketers Association of Nigeria has said most oil marketing companies in the country are running at a loss, while many ha... read more