Oando – InfoStride News

Oando Emerges Preferred Bidder for Lease of Guaracara Refinery

Temitope Nlewemchi — Tue, 20 Jan 2026 15:38:57 +0000

Oando Plc has been named the preferred bidder for the lease of the Guaracara Refinery, a major step in the company’s ongoing expansion in the oil and gas sector. The selection positions Oando to take over operations of the refinery, located in Trinidad and Tobago, as part of efforts to revamp and optimize its refining [...]

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Oando Boosts Oil Production to 30,000 bpd Following Agip Acquisition

Temitope Nlewemchi — Tue, 31 Dec 2024 01:55:06 +0000

Oando Plc has significantly increased its oil production capacity to 30,000 barrels per day (bpd) following the acquisition of Agip’s Nigerian oil assets. The strategic move marks a major milestone for the indigenous energy company, reinforcing its position as a key player in Nigeria’s upstream sector. The acquisition includes key oilfields and infrastructure that have [...]

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Oando Wins ‘Deal of the Year’ Award for Landmark Transaction

Temitope Nlewemchi — Sun, 10 Nov 2024 20:08:49 +0000

Oando PLC, one of Nigeria’s leading energy companies, has been recognized with the prestigious ‘Deal of the Year’ award, highlighting the company’s successful completion of a major deal in the oil and gas sector. The award, presented at a recent industry gala, acknowledges Oando’s significant achievement in facilitating a landmark transaction that has had a [...]

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Oando Secures $800M Afreximbank Boost for Asset Expansion

Temitope Nlewemchi — Thu, 16 Nov 2023 09:00:33 +0000

At the Intra-African Trade Fair held in Cairo, Egypt, a momentous financial agreement unfolded between AfreximBank and Oando PLC, Nigeria’s premier indigenous energy solutions provider. This pivotal deal involved the signing of an $800 million loan document, a financial maneuver strategically orchestrated to facilitate Oando’s acquisition of 100% of the shares of the Nigerian Agip [...]

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Oando Plc appoints new directors

Temitope Nlewemchi — Sun, 26 Dec 2021 22:07:44 +0000

Oando Plc has notified the exchange and investors of the company of the appointment and resignation of some members of the Board of Directors at the company. According to the disclosure signed by the company’s secretary, Ayotola Jagun, and filed with the Nigerian Exchange Limited, Mrs Ronke Sokefun and Mrs. Nana Fatima have both been [...]

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Leaf Investment buys 15% shares in Oando Plc

Temitope Nlewemchi — Mon, 29 Nov 2021 20:08:36 +0000

Leaf Investment & Realtors Limited has bought 15.83% shares in Oando Plc. This follows the purchase of 1,968,452,614 units of Oando Plc shares owned by Alhaji Dahiru Mangal. According to a press statement issued by Oando Plc and filed with the Nigerian Exchange Limited (NGX), Leaf Investment & Realtors Limited now holds about 15.83% of [...]

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Buying interest persists on NGX as index rises further by 0.5%

Temitope Nlewemchi — Tue, 27 Jul 2021 19:20:54 +0000

Sustained buying interest in the shares of some blue-chip stocks, especially Oando and FTN Cocoa, aided the Nigerian Exchange Limited (NGX) to close on an upward note yesterday, as the All-Share Index (ASI) appreciated further by 0.5 per cent. At the close of trading yesterday, the ASI grew by 181.18 absolute points, representing an increase [...]

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SEC, Oando reach truce to protect shareholders

Temitope Nlewemchi — Tue, 20 Jul 2021 22:53:16 +0000

After four years of rift, the Securities and Exchange Commission (SEC) yesterday, announced that it has entered into a settlement with Oando Plc in the interest of the shareholders of the company and the capital market. This was contained in a circular released and signed by the management of the commission yesterday. According to the [...]

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Most FCT Filling Stations Comply With FG Directives Over New PMS Pump Price

Kunle Atiba — Sat, 02 Jan 2016 09:50:19 +0000

Sequel to the Federal Government’s directive to sell petrol at N86/litre for NNPC retail stations and N86.50k for other marketers, most petrol stations in the Federal Capital Territory (FCT) had already complied. Our correspondent who went round the town reports that all the stations visited had enough products, as well as standby trucks loaded with the petrol. [...]

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