How disciplined portfolio rebalancing strengthened Oando’s earnings quality
By Vera Anyagafu When companies refer to “quality of earnings,” they are not speaking simply about whether profits rose or declined in a reporting period. Earnings quality reflects how closely reported results align with underlying economic performance, how repeatable those earnings may be across cycles, and how strongly they are supported by cash generation rather […]
Reps summon NNPC, 3 others over alleged N13B debt, contracts scam
By Tordue Salem – Abuja The House of Representatives Committee on Petroleum Upstream has invited the Group Managing Director of Nigeria National Petroleum Corporation, NNPC, Mr. Mele Kyari, heads of Nigeria Agip Oil Company and OANDO over allegations of N13billion owed to Decoon Engineering Company and allegations of involvement in contracts’ fraud. The companies are […]
Covid-19: Oando employees raise over N25m, feed 10 communities in Lagos
In line with their long term goal of ending hunger and alleviating poverty across the nation, employees of Oando, popularly known as the #HumansOfOando, through The Aggregator Platform (TAP), has raised over N25 million to feed more than 24,000 Lagosians across 16 of the most deprived communities over a one month period.
Covid-19: Over 24,000 Lagosians to benefit from Oando employees initiative
The employees of Oando under the name tagged #HumansOfOando have identified that despite the financial contributions and efforts made by the public and private sector as well as Non-Governmental Agencies (NGOs) in feeding the less privileged as a result of the coronavirus, Covid-19 pandemic there is still a huge gap between those who are in dire need and those who are eventually reached and fed.
Oando legal seminar: Experts harp on need to improve on infrastructure
Experts have harped on the need for Nigeria to improve on its infrastructural facilities to enable the country reap the benefits of African Continental Free Trade Area Agreement, AFCTA .
NSE re-classifies Oando as low price stock
The Nigerian Stock Exchange, NSE, yesterday, announced the re-classification of Oando Plc from medium-priced stock to low-priced stock.
SEC v Oando: A review of SEC’s Powers
A recent article in This Day newspaper by Efe Etomi and Elivis Asia, questions the powers of the Securities and Exchange Commission (SEC), to suspend the Annual General Meeting of Oando Plc, in a bid to sanction the company for alleged infractions. They conclude that such application of institutional powers may prove to be repulsive and toxic, to investment inflow in Nigeria.
International bodies appeal to SEC to end its Feud with Oando
The Securities & Exchange Commission (SEC) and Oando saga are generating commentary from all quarters. There have been appeals for SEC to follow due process in the Oando case from groups as divergent as minority shareholder groups to NGOs to the Institute of Directors and even reputable voices such as Atedo Peterside. The international community has been drawn into the fray with the US – Nigeria Trade Council (UNSC) echoing the same tune, but this time the same message.
Oando: SEC tasked to follow due process
SOME aggrieved shareholders in the case between the Securities and Exchange Commission, SEC and Oando PLC have expressed their grievances against the SEC, specifically faulting the recent actions of the regulatory body against Oando PLC.
Oando shareholders berate SEC over AGM suspension
Shareholders of Oando Plc yesterday slammed the Securities and Exchange Commission, SEC, over the suspension of the company’s 2018 Annual General Meeting, AGM, barely 24 hours to the meeting.
SEC suspends Oando AGM
The Securities and Exchange Commission (SEC) has suspended, till further notice, Oando Plc’s Annual General Meeting (AGM) scheduled to hold on Tuesday.
