NNPC Ltd refutes allegations by former Vice President Atiku Abubakar that President Bola Tinubu is involved in the acquisition of NNPC Retail by OVH. The company emphasizes its commitment to commercial interests, asserting that Oando, linked to Wale Tinubu, had divested its stake before the...
Oando Plc workers were earlier today denied access into the company’s corporate headquarters situated at Ozumba Mbadiwe street in Victoria Island, Lagos. This is as operatives of the Nigerian Police Force (NPF) sealed the building. Nairametrics understands that the police’s takeover of the...
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu and the Group Chief Executive Officer of Oando Plc, Mr. Wale Tinubu …
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Shareholders of Oando Plc have commended the management for their effort and commitment towards bringing the company back to....
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Oando declined 9.4 percent at the end of Monday trading on the Nigerian Stock Exchange (NSE), to the lowest since October, after a report that the London Court of International Arbitration ordered two companies owned by Oando CEO Wale Tinubu and his deputy Mofe …
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Deji Tinubu, the Special Adviser to Lagos State Governor Akinwunmi Ambode on Commerce is dead. Unconfirmed reports stated that Tinubu, in his late 40s, died Thursday night after he slumped while playing football. He was said to have been rushed to General Hospital, Epe where he was confirmed...
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Oando is fighting the technical suspension of its shares by the Nigerian Stock Exchange. According to a Premium Times report, the company had obtained a court order restraining the Nigerian Stock Exchange, NSE, from placing its shares on technical suspension.
The company also obtained a...
The Securities and Exchange Commission (SEC) has directed the Nigerian Stock Exchange (NSE) to suspend trading in the shares of indigenous energy firm, Oando Plc.
A statement on NSE’s website said the exchange is to implement a full suspension in the trading of the security, effective for 48...
The Nigerian oil and gas sector is gradually recovering from the upheaval of low oil prices; this is due in part to the exemption of Nigeria from the global oil production cut by the Organization of the Petroleum Exporting Countries (OPEC) as well as containment of the Niger Delta unrest which...
The Honourable Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, Wale Tinubu, Group Chief Executive Officer of Oando PLC, Massimo Insula, Managing Director Nigerian Agip Oil Company, and Aniebor Kraghas, Chief Operating Officer, Nigerian National Petroleum Company (NNPC)...
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Nigeria’s largest indigenous energy group, Oando Plc, has said it made N3.5 billion profit-after-tax in 2016, a 107 percent increase from the loss of financial year ended 2015.
A review of the company’s results further showed positive performance across all financial indices, turnover increased...
Documents obtained by PREMIUM TIMES from the huge database of Panama Papers linked Mr. Wale Tinubu to at least 12 shell companies.
Related: Tinubu Indicted in Panama Papers Scandal, Owns 12 Shell Companies
The documents show that Mr. Tinubu is director in the following companies incorporated...
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