NSE bundles Oando Plc from Medium Priced Stock to Low Priced Stock
The Nigerian Stock Exchange (NSE) Thursday announced the reclassification of Oando Plc from Medium Priced Stock to Low Priced Stock effective Thursday, September 5, 2019. The Exchange averred in a terse statement to Business Hilights that “This is in compliance…
SEC ambushes Oando’s court action plot, appoints interim management team
Just as strong indication emerged weekend that the embattled management of Oando Plc has resolved to challenge the Securities and Exchange Commission (SEC) on the outcome of its forensic audit at a competent court of jurisdiction from today (Monday), the…
Adeosun mute over Thursday’s expiration of Oando shareholders’ ultimatum
Considering alleged her complicity and official interference in the forensic probe of Oando Plc by the Securities and Exchange Commission (SEC), the Trusted Shareholders’ Association (TSA) on Thursday last week issued a 7-day ultimatum to the Minister of Finance, Mrs….
Oandogate: Gwarzo may have been a victim of circumstance after all
The rush and speed of light with which the erstwhile Director General of the Securities and Exchange Commission(SEC), Mr. Mounir Gwarzo and two others were ousted have started eliciting stakeholders reactions from several angles and conspiracy theories. Moreso, considering a…
Wet vessel demurrage to end in Apapa as Oando commission’s new jetty
The recent commissioning of Oando Plc’s , mid- stream Jetty in Apapa, Lagos is set to drive out constraints often associated with the discharge of petroleum products, within the Apapa corridor and save $120 million in demurrage annually. Industry pundits…
Worst disruptions in oil communities over, we look ahead to 2.2mbpd soon—Oando
Relying on the sustained peace in oil producing communities since the visit of Acting president some months ago, the chief executive of Oando Plc is upbeat that production could reach 2.2 million barrels per day (bpd) by the end of…
