Oando Records N13bn Profit In Q3, 2019   Oando Plc has announced its unaudited results for the third quarter ended September 2019, which showed that its profit after tax increased by 26 per cent to N13.1 billion, up from the N10.4 billion recorded in same period...

Stock Market Downgrades Oando To Low-priced Stock   The Nigerian Stock Exchange has announced the reclassification of Oando Plc from medium-priced stock to low-priced stock. Low-priced stocks are securities that have traded below N5 per share in four out of the last six-month period. The NSE said in...

In 6 Months, Oando Grows Oil Production By 15%   Oando Plc, an indigenous energy group, has said its crude oil production increased by 15 per cent to 16,876 barrels per day in the first half of 2019. The group, while announcing its unaudited results for the...

Oando Disagrees With SEC On AGM Suspension Oando Plc has said it stands to lose significant shareholder funds following the suspension of its Annual General Meeting by the Securities and Exchange Commission. The oil firm’s share price fell further at the end of trading on the...

Oando, Others Lead Fundraising For N/East Crisis   The United Nations Nigerian Humanitarian Fund, made up of 14 private sector companies including Oando Plc and Access Bank Plc, have led the drive to raise funds for the humanitarian crisis in the North-East. The fund, which was launched...

Shareholders Demand Forensic Audit, Fault Oando Result   Shareholders under the aegis of Proactive Shareholders Association of Nigeria (PROSAN), at the weekend, faulted the 2017 full year result of Oando Plc, describing it as dismal and well below expectations. The group also decried the inability of the...