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Nigeria Stock Exchange (NSE:OANDO) = 3.80 (0.05) Johannesburg Stock Exchange (JSE:OAO) = 15.00 (0.00)

Oando’s First Quarter Turnover hits N69.40 billion

Q1 2008 highlights compared to 2007 Grows Profit After Tax up by 30% EBITDA increases from N1.92b to N2.77b Operating profit increases by 65% Oando PLC, Nigeria’s leading integrated energy solutions provider, has announced a turnover of N69.4 billion for…

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Oando Signs PSC, GMoU on OPL 236

Oando Exploration and Production (OEPL), in line with its commitment to fast track the development of its upstream assets, today in Uyo, Akwa Ibom, signed a Global Memorandum of Understanding with the Ukana South 1 communities, within block OPL 236.…

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Oando Delivers 77% growth in PAT in 2007

2007 Highlights Compared to 2006: Gross profit grew to N21.4billion from N16.8b Gross profit margin increased to 11.5% from 9.0% Operating profit of N8.1 billion in 2007 from N5.3 billion Profit attributable to shareholders up 78% to N4.8 billion from…

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Oando delivers 126% full year profit growth

Oando Plc, which has a primary listing on the Nigerian Stock Exchange and a secondary listing on the JSE Limited (JSE) reports Group Profit After Tax (PAT) for the financial year ended 31 December 2007 of $50m, an increase of…

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Oando Donates Ethanol testing facilities to FG

Oando PLC, Nigeria’s leading energy group, in a bid to ensure only gasoline with the right ethanol level is sold in the country, has announced that it has placed orders for two state-of-the-art ethanol testing equipment known as the ‘Varian…

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Shell’s stake in OMLs 125 & 134

On 25th February 2008 we advised that we have entered into a sale and purchase agreement to acquire Shell’s Nigeria Exploration and Production’s 49.8% stake in two oil blocks namely OMLs 125 & 134, subject to a waiver of pre-emption…

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Contaminated Fuel: Oando to sue Manufacturer

Contaminated Fuel: Oando to sue Manufacturer Contaminated Fuel: Oando to sue Manufacturer - In the bid to ensuring that the suppliers of the product are held responsible for all actions for which they are culpable, Oando has commenced necessary legal…

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