SEC’s forensic audit: Oando shareholders to bear N160m bill
Shareholders of Oando Plc are likely to bear the cost of the forensic audit that Securities and Exchange Commission, SEC, has recommended after its long investigation into a petition filed by Ansbury Inc and AlhajiDahiru Mangal against the company.
Oando rebounds, post N3.5bn profit
Oando Plc has returned to profitability as it posted N3.5 billion Profit After Tax, PAT in the financial year ended December 31, 2016, representing a 107% increase from the loss of 2015.
Oando divests interest in captive power plants
OANDO Gas and Power (OGP), a subsidiary of Oando Plc, said it has divested its interest in captive power plants as it is focusing its ambition on expansion of gas infrastructure.
Oando promises investors return to profitability
LAGOS— Despite its huge borrowings and high finance cost in the last two years, Oando Plc has assured its investors return to profitability.
Oando reserves peak at $1.8bn
Despite global crude price fluctuation and uncertainty, Oando Energy Resources OER, the upstream subsidiary of energy giant Oando Plc, said the economic value of its Nigerian Proved and Probable Reserves (2P) has risen by a further $545 million to $1.8 billion.
Oando Foundation launches 1st ICT Centre
Oando Foundation, an independent non-profit organisation, has launched a new Information Communication Technology (ICT) Centre at Archbishop Taylor Primary School in Victoria Island, Lagos, and is partnering with the U.S. State Department’s Global Partnership Initiative, LIONS@FRICA, CoderDojo and the Hello World Foundation to introduce coding to Oando adopted schools.
