OANDO – Page 2 of 3 – Prime Business Africa

NGX stock market. Photo credit: TheCable

Oando, Mecure, Others Top Gainers As NGX Crosses 71,000 Mark

The Nigerian Exchange Group (NGX) breached the 71,000 mark, fostering a celebratory atmosphere among investors as the All-Share Index escalated by 0.25%, culminating in a closure at 71,014.34 points. This advancement not only signified the market’s resilience but also set a new

November 16, 2023

Nigeria's Stock Market Declines Of N275bn As BUA Cement, Others Faces Loss

Business·News

Oando Leads Losses As Nigerian Market Loses N518.08 Billion

Oando Corporation found itself at the forefront of the Nigerian stock market’s struggles as equity capitalization took a staggering 1.38 percent nosedive, resulting in a colossal N518.08 billion loss in total market value. The market closed on Friday with a significantly reduced

September 22, 2023

Oando Denies Having Interests In Maltese Blending Plant

Business·News·Oil & Gas

OANDO Leads Top Losers As JOHNHOLT, OMATEK, Lead Gainers

In a market day marked by red numbers, the Nigerian Exchange (NGX) showcased its resilience as it closed in negative territory on Thursday. Despite equities declining further amid high trading volume, market players found glimmers of hope in the midst of the

September 21, 2023

Business·News·Oil & Gas

Oando to Acquire Eni’s Nigerian Onshore Division

Oando, a prominent Nigerian oil producer, has announced its plans to acquire Italian energy giant Eni’s onshore Nigerian division. This groundbreaking deal encompasses control over onshore upstream assets nestled in the heart of the Niger Delta, including a significant stake in the

September 4, 2023

Court Set Date To Hear Oando’s Scheme Of Arrangement For Minority Shares

Business·Oil & Gas

Court Sets Date To Hear Oando’s Scheme Of Arrangement For Minority Shares

Justice Aneke of the Federal High Court has adjourned the hearing of the Scheme Of Arrangement for the acquisition of shares held by Oando’s minority shareholders. Prime Business Africa previously reported that the majority investor in Oando, Ocean and Oil Development Partners

May 23, 2023

Business·Markets

Stock Market Cap Increases By N10 billion Amid Gains In Oando, Transcorp

Over N10 billion was added to the stock market capitalisation on Monday, lifting the Nigerian bourse’s valuation to N28.44 trillion. During the previous trading session, the market capitalisation had closed at N28.43 trillion. This means the valuation rose slightly by 0.03 per cent.

May 15, 2023

Business

Minority Shareholders Reject Union Bank, Oando Acquisition Arrangement

The President of the New Dimension Shareholders Association, Patrick Ajudua, has spoken against the proposed offer tendered by Titan Trust Bank Limited and Ocean and Oil Development Partners Limited (OODP) to buy out Union Bank and Oando minority shareholders. Titan Trust Bank

May 11, 2023

Business·Oil & Gas

Wale Tinubu’s Oando To Commence Electric Transport Business In Lagos

Oando Clean Energy (OCEL), largely owned by Wale Tinubu, has taken delivery of electric buses from Chinese carmaker, Yutong Bus, as the company enters the transportation business in Lagos State. Oando Plc is adding the deployment of mass transit to its portfolio

April 26, 2023

Business·Markets

Dangote Cement, Oando, Other Equity Investors Pocket N250 billion

Investors went home with N250 billion gain on Wednesday, as the market capitalisation appreciated from N28.95 trillion to N29.20 trillion. Similarly, the All-Share Index recovered after gaining 479.17 basis points. It rose from 53,124.63 ASI to 53,603.8 ASI. Over 236.06 million shares

March 29, 2023

Business·Markets

Over N126.76 billion Lost Amid Sell-Off In Oando, Glaxo Smith, Others

On Wednesday, 15 March 2023, the stock market capitalisation shed –0.41 per cent in valuation, as it fell to N30.22 trillion. The decline represents N126.76 billion when the N30.22 trillion market capitalisation is compared to the N30.35 trillion reported on Tuesday. In the same

March 15, 2023

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OANDO - Page 2

Oando, Mecure, Others Top Gainers As NGX Crosses 71,000 Mark

Oando Leads Losses As Nigerian Market Loses N518.08 Billion

OANDO Leads Top Losers As JOHNHOLT, OMATEK, Lead Gainers

Oando to Acquire Eni’s Nigerian Onshore Division

Court Sets Date To Hear Oando’s Scheme Of Arrangement For Minority Shares

Stock Market Cap Increases By N10 billion Amid Gains In Oando, Transcorp

Minority Shareholders Reject Union Bank, Oando Acquisition Arrangement

Wale Tinubu’s Oando To Commence Electric Transport Business In Lagos

Dangote Cement, Oando, Other Equity Investors Pocket N250 billion

Over N126.76 billion Lost Amid Sell-Off In Oando, Glaxo Smith, Others

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