Oando news
Oando is a Nigerian energy company that has been in the news for various reasons. Here are some recent news articles and updates about Oando:
Recent News Articles:
- Oando's Financial Woes: In October 2020, Oando's financial struggles came to the fore as the company's shares plummeted by 10% after it announced a N100 billion debt. (Source: Vanguard News)
- SEC Investigation: In August 2020, the Securities and Exchange Commission (SEC) launched an investigation into Oando's financial dealings, including allegations of mismanagement and insider trading. (Source: ThisDay Live)
- Oando's Restructuring Plan: In July 2020, Oando announced a restructuring plan aimed at reducing its debt and improving its financial performance. (Source: BusinessDay)
- Oando's Partnership with Shell: In June 2020, Oando announced a partnership with Royal Dutch Shell to develop a new oil field in Nigeria. (Source: Premium Times)
- Oando's Dividend Payment: In May 2020, Oando announced that it would pay a dividend of N0.25 per share to its shareholders. (Source: Leadership Newspaper)
Recent Updates:
- Oando's Q1 2022 Results: In May 2022, Oando released its Q1 2022 results, which showed a significant improvement in its financial performance compared to the same period in 2021. (Source: Oando's website)
- Oando's Appointment of New CEO: In April 2022, Oando announced the appointment of a new CEO, Adewale Tinubu, who took over from Wale Tinubu, the company's founder. (Source: BusinessDay)
- Oando's Expansion into Renewable Energy: In March 2022, Oando announced its plans to expand into renewable energy, including solar and wind power. (Source: Vanguard News)
Please note that these news articles and updates are subject to change and may not be up-to-date. For the latest information on Oando, I recommend visiting the company's official website or reputable news sources.