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JenneteUgo Anya
- October 2, 2024
Oando Becomes First Nigerian IOC, Valuation Hits $4bn
Oando Plc has emerged as Nigeria’s first indigenous International Oil Company (IOC), solidifying its position as a key player in Africa’s oil and gas industry. With operations now extending beyond Nigeria’s borders into the São Tomé and Príncipe Exclusive Economic Zone (EEZ), Oando’s recent achievements reflect decades of strategic investments and a relentless drive for […]
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- September 2, 2024
Oando’s Record Stock Surge Signals New Era Of Growth, Investor Confidence
The recent surge in Oando Plc’s stock price, which reached an all-time high of N76.90 per share, has drawn considerable attention in the oil and gas sector. This achievement is not just a numerical milestone; it is the culmination of strategic moves that have transformed the company’s market position and financial health. As investors continue […]
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- August 26, 2024
Oando Secures $650m Afreximbank Loan To Complete Nigerian Agip Oil Company Acquisition
Oando Plc has secured a $650 million loan facility from the African Export-Import Bank (Afreximbank) to complete its $783 million acquisition of the Nigerian Agip Oil Company (NAOC). This significant financial milestone was announced by Afreximbank on Friday, marking a key moment in Oando’s expansion within Nigeria’s oil and gas sector. The loan, which includes […]
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- August 23, 2024
Oando PLC Finalises $783m Acquisition Of NAOC
Oando PLC has successfully concluded its acquisition of the Nigerian Agip Oil Company (NAOC) from Italy’s Eni, in a landmark $783 million deal. This strategic move marks a significant step in Oando’s long-term growth plan, reinforcing its position in Nigeria’s oil and gas sector. The transaction, which encompasses both reimbursement and asset consideration, received final […]
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