Oando news today

Here are some recent news updates about Oando Plc:

Latest News

  1. Oando Plc Appoints New CEO: Oando Plc has announced the appointment of Adewale Tinubu as its new Chief Executive Officer (CEO). Tinubu, a seasoned oil and gas professional, takes over from Wale Tinubu, who has been the CEO since 2004. (Source: BusinessDay)
  2. Oando's Q3 2022 Results: Oando Plc has released its Q3 2022 financial results, which show a significant improvement in its financial performance. The company reported a profit after tax of N12.4 billion, compared to a loss of N14.4 billion in the same period last year. (Source: The Guardian)
  3. Oando's Dividend Payment: Oando Plc has announced that it will pay a dividend of N0.25 per share to its shareholders for the year ended December 31, 2021. The dividend payment is subject to approval by the company's shareholders at its upcoming Annual General Meeting (AGM). (Source: Nairametrics)
  4. Oando's Partnership with Shell: Oando Plc has announced a partnership with Royal Dutch Shell to develop a new oil field in Nigeria. The partnership is expected to create thousands of jobs and generate significant revenue for the Nigerian government. (Source: Vanguard)

Recent Developments

  1. Oando's Restructuring Plan: Oando Plc has announced a restructuring plan aimed at improving its financial performance and reducing its debt. The plan includes the sale of non-core assets and the reduction of its workforce. (Source: ThisDay)
  2. Oando's Dispute with SEC: Oando Plc is currently embroiled in a dispute with the Securities and Exchange Commission (SEC) over allegations of financial mismanagement. The company has denied any wrongdoing and is seeking to resolve the matter amicably. (Source: Punch)
  3. Oando's Investment in Renewable Energy: Oando Plc has announced plans to invest in renewable energy projects in Nigeria. The company believes that renewable energy has the potential to transform the Nigerian energy sector and reduce the country's reliance on fossil fuels. (Source: Energy Mix)

I hope this information is helpful!