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Business

Oando targets 100,000bpd production with NAOC acquisition

Nigerian multinational energy company Oando Plc is targeting a production of 100,000 barrels per day (bpd) by 2028.This follows its landmark acquisition of Eni’s...

Business

Oando-Agip $783m deal followed due process, complied with extant rules – NUPRC replies Atiku

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Monday approved the acquisition of Nigerian Agip Oil Company (NAOC) $783m acquisition by Oando Plc saying...

Politics

Atiku demands clarification on Oando’s rapid approval for AGIP/ENI acquisition from Nigerian govt

Atiku Abubakar, the 2023 Peoples Democratic Party presidential candidate, has called on the All Progressives Congress-led Federal Government to explain the expedited approval process...

Business

Oando’s $650m Acquisition Of Agip Oil Financed By Afreximbank

The African Export-Import Bank has successfully arranged a senior $500m and a junior $150m reserve-based lending facility for Oando Petroleum and Natural Gas Company...

Business

Afreximbank finances Oando’s acquisition of NAOC

The African Export-Import Bank (Afreximbank) has been identified as the funding source of the $783 million acquisition of Nigerian Agip Oil Company Limited (NAOC)...

Business

RT Briscoe,Julius Berger, Total, Oando, others top list of stocks to watch this week

It was a trading week to forget for investors in the Nigerian equities market as the market crumbled amid sell-offs.The bourse lost in all...

Business

Oando acquires NAOC from Italian Eni

Nigeria’s integrated oil company, Oando Plc has completed the acquisition of Eni’s subsidiary, Nigerian Agip Oil Company (NAOC), for $783 million.The company disclosed this...

Business

Presco, Total, Okomu Oil, Oando, others top list of stocks to watch this week

It was a missed results in the Nigerian equities market in the first trading for August.The bourse lost in three of the five trading...

Business

SOVRENINS, Julius Berger , Oando UACN, others top list of stocks to watch this week

As July inches closer to an end, investors endured a torrid time last week in the equities market.The Nigerian equities market lost in four...

Business

Oando denies Malta blending plant allegations

Oando Plc has vehemently denied claims circulating on social and digital media platforms that it owns a blending plant in Malta.The energy conglomerate has...

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