Browsing Tag
Oando PLC
3 posts
Oando Attributes 2024 Annual Report Delay to Agip Integration, Stricter Financial Rules
Oando noted that while progress has been made, the process has hit a snag due to outstanding financial data needed from ENI, the former owner of Agip. The company emphasized that completing the integration is vital, given the significant effect
… Continue Reading
Oando Plc Surges Back to Profit, Posts ₦74.7 Billion Profit After Tax
Oando Plc, Nigeria’s leading indigenous energy giant, has recorded a remarkable turnaround in its financial performance for the fiscal year ending December 31, 2023, reporting a Profit After Tax (PAT) of ₦74.7 billion.
This shift to profitability is a substantial … Continue Reading
Oando Emerges as Nigeria’s First Indigenous International Oil Company, Valuation Reaches $4b
Oando’s extensive portfolio includes two power plants, Kwale 1 and 2, with a combined capacity of 500MW.
Lagos, Nigeria — Oando Plc has made history as Nigeria’s first indigenous International Oil Company (IOC) with a valuation of $4 billion, bolstered … Continue Reading