Oando in the News

There are strong indications that Oando shareholders will be expectant of an abundant return on their investment with the recent increase in activities by the leading energy group’s midstream and upstream divisions.  This followed the recent announcement that the company . . .

The Group Chief Executive Officer of Oando Plc, Mr Wale Tinubu, has explained that oil majors did not unduly benefit from the government’s fuel subsidy as they were only paid the differentials between their costs and government approved retail price. Speaking at . . .

Chief  Executive Officer of Oando Plc, Mr. Wale Tinubu, has described as unfortunate the scenario where importers of petroleum products were regarded as ‘beneficiaries’ of fuel subsidy rather than corporate  organisations engaged in a legitimate business in the petroleum sector. . . .

CEO of Nigeria’s largest indigenous Oil and Gas company, Mr. Wale Tinubu appeared before the ad-hoc committee investigating subsidy yesterday. Mr. Tinubu setting the record straight disclosed that Oando was not a beneficiary of subsidy but a petroleum products marketer . . .

SUBSIDY FACTS 90% of petrol consumed in Nigeria is imported due to inadequate and limited local production. This importation is carried out by Nigerian National Petroleum Corporation (NNPC), Major Oil Marketers Association of Nigeria (MOMAN), Depot and Petroleum Products Marketers . . .

Leading Nigerian indigenous oil company, Oando Plc, Monday made history with the successful completion of 128-kilometre gas pipeline system from Akwa Ibom to Cross River State, built by Oando Gas and Power, one of its subsidiaries. Minister of Petroleum, Mrs. . . .

NEW YORK, Sept. 22, 2011 /PRNewswire-USNewswire/ — Oando PLC, sub-Saharan Africa’s leading integrated energy group, is pleased to announce Inspiring Tomorrow, its contribution to the 2011 Clinton Global Initiative (CGI) Commitment to Action. Under Inspiring Tomorrow, Oando is committing 1.5% . . .

Shareholders of Oando Plc, sub-Saharan Africa’s largest integrated energy group, with primary and secondary listing on the Nigerian and Johannesburg stock exchanges, have received a total dividend payout of N5.4 billion, on 31st of August 2011. Meka Olowola, head of . . .

Oando Gas and Power Plc, a subsidiary of integrated energy group, Oando Plc, has recorded another landmark as it signed an agreement with the Rivers State Government to assume the operation and expansion of the state’s existing gas infrastructure in . . .

Oando PLC, one of Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange has announced its proposed acquisition and financing transaction with Exile Resources Inc. Exile is a Canada-based public company listed on the Toronto . . .