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All posts tagged "Oando"

  • Oando acquires ConocoPhilips for $1.5bn

    Oando Plc on Wednesday completed the acquisition of the Nigerian Upstream Oil and Gas Business of ConocoPhillips for 1.5 billion dollars (about N2.3 trillion). The News Agency of Nigeria (NAN) reports that Oando announced the acquisition in...

    • Posted July 31, 2014
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  • Unity Bank, Oando, others lift NSE’s market capitalisation by N94b

    Following price gains by major blue chip companies, especially Unity Bank and Oando, equity transactions on the Nigerian Stock Exchange re-opened in an upbeat on Monday, as market capitalization rose by N94 billion. Specifically, at the close...

    • Posted March 20, 2013
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  • NSE Market Indices Drop By 0.45 Per Cent

    The indicators of the Nigerian Stock Exchange (NSE) on Thursday dropped by 0.45 per cent due to profit taking. The News Agency of Nigeria (NAN) reports that the market capitalisation lost N48 billion to close at N10.63...

    • Posted March 14, 2013
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  • Oando refutes allegations of Aig Imokhuede led Technical Committee on Subsidy

    Oando, Nigeria’s leading indigenous Oil and Gas company has refuted the allegations of infractions levelled against it by the Federal government constituted technical committee on payment of fuel subsidies. The firm has denied the allegations of subsidies...

    • Posted July 3, 2012
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  • Oando to acquire 40 per cent stake in Qua Iboe oilfield

    OANDO Exploration and Production Limited (OEPL), a subsidiary of Oando Plc, with 13 exploration and production assets, has sealed a farm-in agreement with Network Exploration & Production Nigeria Limited (NEPN) for the acquisition of 40 per cent...

    • Posted May 28, 2012
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  • Exile Resources and Oando PLC Announce Proposed Acquisition and Financing – Press Release

    Exile Resources Inc. and Oando PLC (“Oando“) are pleased to announce that they have entered into a term sheet dated July 28, 2011 providing for, subject to the completion of satisfactory due diligence by both parties and other conditions, the acquisition...

    • Posted August 3, 2011
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  • Oando investing N75 billion in the development of gas plants in Nigeria

    The Group Managing Director of Oando Plc, Mr. Wale Tinubu, has said the company is investing a whopping $500 million, an equivalent of N75 billion in the development of gas plants in Nigeria to solve the problem...

    • Posted July 28, 2011
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  • Oando announced a 25 per cent growth in profit

    Oando Plc has announced a 25 per cent growth in profit after tax in its half year 2011 financial performance. According to the unaudited results for the half year ended, June 30, 2011, presented to the Nigerian Stock...

    • Posted July 27, 2011
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