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.
Oando female engineers champion mentorship in celebration of Int’l Day of Women in Science
Oando Plc led by a delegation of its female engineers have mentored female pupils in one of its foundation adopted primary schools, on the role and importance of Science, Technology, Engineering and Mathematics, STEM, in the world, why they are passionate about STEM and proud to have built successful careers in it.
Oando champions knowledge transfer with Kenyan university
Oando PLC, Nigeria’s leading indigenous oil and gas company, held a two-day knowledge transfer session with Master’s of Oil and Gas Law (LL.M) students from the Strathmore University Law School, Nairobi, Kenya at its head office in Victoria Island, Lagos.
Oando grows profit after tax by 46% in Q3
Oando Plc has sustained a rebound to profitability for three consecutive quarters this year with its profit after tax, PAT, for the third quarter (Q3) ended September 30, 2018, rising by 46 per cent to N10.4 billion from N7.1 billion in Q3 2017.
Shareholders laud Oando mgt on return to profitability
Shareholders have applauded the management of Oando for restoring market confidence in the company by maintaining a track record of growth over the last 18 months culminating in the achievement of N8.5 billion profitability in first half of 2018 (H1’18), the company’s 7th quarter consecutive profit.
Oando records N8.5bn profit after tax in H1 2018
Oando Plc has posted profit after tax of N8.5 billion in the first half of 2018, H1’18, driven by increase in price of crude oil and gas commodities.
