Oando plc news
Oando Plc is a Nigerian multinational oil and gas company. Here are some recent news updates about the company:
Recent News
- Oando Plc Appoints New CEO: In October 2022, Oando Plc announced the appointment of Ademola Gbolahan Tinubu as its new Chief Executive Officer (CEO). Tinubu has over 20 years of experience in the oil and gas industry and has held various leadership positions in the company.
- Oando Plc Reports Q3 2022 Results: In November 2022, Oando Plc released its third-quarter 2022 financial results, which showed a significant increase in revenue and profit. The company reported a revenue of N143.4 billion (approximately $350 million) and a profit of N14.4 billion (approximately $35 million).
- Oando Plc Completes Acquisition of Conoil: In October 2022, Oando Plc announced the completion of its acquisition of Conoil Plc, a Nigerian oil marketing company. The acquisition is expected to strengthen Oando's position in the Nigerian downstream oil and gas sector.
- Oando Plc Partners with Shell Nigeria Exploration and Production Company: In September 2022, Oando Plc announced a partnership with Shell Nigeria Exploration and Production Company (SNEPCo) to develop the Bonga South West Aparo (BSWA) oil field in Nigeria. The partnership is expected to increase Nigeria's oil production and revenue.
- Oando Plc Receives Approval for Gas Processing Plant: In August 2022, Oando Plc announced that it had received approval from the Nigerian government to build a gas processing plant in the country. The plant is expected to process 300 million standard cubic feet of gas per day and will help to increase Nigeria's gas production and revenue.
Past News
- Oando Plc Sues SEC Over Allegations: In 2020, Oando Plc sued the Securities and Exchange Commission (SEC) over allegations of financial irregularities and mismanagement. The company denied the allegations and claimed that they were politically motivated.
- Oando Plc Appoints New Chairman: In 2020, Oando Plc appointed Wale Tinubu as its new Chairman. Tinubu is a Nigerian businessman and the brother of Ademola Gbolahan Tinubu, who was appointed as the company's CEO in 2022.
- Oando Plc Reports Q1 2020 Results: In 2020, Oando Plc released its first-quarter 2020 financial results, which showed a decline in revenue and profit due to the impact of the COVID-19 pandemic on the oil and gas industry.
These are just a few examples of recent news updates about Oando Plc. If you're looking for more information, I recommend checking out the company's website or searching for news articles online.