Nigerian oil company Oando Plc has been shortlisted by the Trinidad and Tobago government as one of three finalists to acquire the state-owned Petrotrin refinery. The announcement was made by Trinidadian Finance Minister Colm Imbert during the presentation of the national budget on September 30, 2024. The defunct Petrotrin refinery, located in Pointe-a-Pierre, has … Read more
Assuming no unforeseen circumstances, Dangote Refinery is expected to make its first delivery of refined premium motor spirit, pms, to the Nigerian market by September 2024. The Federal Government has also announced that sales of crude oil to Dangote and other local refineries will begin on October 1, 2024. To address concerns about pump prices … Read more
The House of Reps has mandated NNPC to immediately suspend Companies that Import adulterated fuel into the country. EKO HOT BLOG reports that Members of the House of Representatives have called on the Nigerian National Petroleum Company (NNPC) Limited to suspend the four companies which recently imported contaminated fuel into the country. The lawmakers also … Read more
NNPC has revealed names of companies Supplying bad petrol in the country. EKO HOT BLOG reports that the Nigerian National Petroleum Company (NNPC) Limited has uncovered the identity of companies responsible for importing bad petrol into the country which has led to an acute shortage of the product across the country. Read Also: Adulterated Fuel: Ownership … Read more
Ademola Ogunbanjo is the General Manager, Business Support Group, Oando Plc. He speaks with Chris Paul Otaigbe on the intrinsic power of the human mind how it affects every aspect of all that we do. That is why the development of Human capital is key to achievement and the accomplishment of any goal, be it … Read more
Oando Plc on Saturday announced the passing away of its Chief Legal Officer, Ngozi Janice Okonkwo. Adewale Tinubu, Group Chief Executive Officer of Oando Plc announced this via a tweet. An official statement from Oando Plc issued via its twitter handle, described her as an “exemplary professional and an astute lawyer” who personified values of … Read more
Oando Plc through its upstream subsidiary Oando Energy Resources has signed two Gas Supply Agreements (GSA) with the Nigeria Liquefied Natural Gas Limited (NLNG). The agreement is on the renewal of gas supply for the existing Trains 1-3 for a term of 10 years and for gas supply for the impending Train 7 for a … Read more
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 Exchange Commission (SEC) and Anor, the commission has announced the suspension of Oando Plc’s Annual General Meeting (AGM) slated for Tuesday June 11, 2019 till further notice. According to SEC, … Read more
Mr. Mutiu Olaniyi Adio Sunmonu, ex-CEO of Shell Petroleum Development Company of Nigeria, has been appointed by the Securities and Exchange Commission to take over Oando. Sunmonu will lead an interim management of Oando Plc, pending the constitution of a substantive management for the indigenous oil company. Sunmonu was a former managing director of Shell … Read more
One of Nigeria’s leading energy groups, Oando Plc., has announced the divestment of its residual 25 per cent stake in oil and gas firm, Axxela Limited, for an impressive $41.5million. The energy group, in a statement, said the move is aimed at further reducing its debt profile, with the stake bought by Helios Investment Partners. … Read more
Oando Plc has recorded a N28.8 billion Profit-After-Tax (PAT) in its audited account for the year ended December 31 , 2018, representing a 46 percent increase from the N19.8 billion recorded in 2017. A review of Oando’s results shows positive performance across most of its financial indices; reaffirming the company’s concerted efforts and commitment … Read more
Oando Plc has recorded a N28.8 billion Profit-After-Tax (PAT) in its audited account for the year ended December 31 , 2018, representing a 46 percent increase from the N19.8 billion recorded in 2017. A review of Oando’s results shows positive performance across most of its financial indices; reaffirming the company’s concerted efforts and commitment … Read more