Oando PLC explains 100% divestment from downstream business

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The misinformation being spread has caused significant reputational harm to both the company and its leadership and their continued circulation is both legally and ethically unacceptable. Recognising the goodwill in the Oando name, a Brand Licence Agreement was also entered into on the 30th of June 2016 between Oando PLC and OVH Energy BV for the use of the Oando logo/brand for a 10-year period. The brand licence agreement was subsequently terminated on the 24th of March 2023 and OVH Energy was given a term of 18 months to

Oando PLC demands the immediate removal of all libelous content from the offending platforms. Failure to comply will result in legal action, including claims for damages and other remedies provided by law.

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Oando completes 100% acquisition of NAOC for $783mOando Plc has completed the acquisition of 100 per cent shareholding interest in the Nigerian Agip Oil Company (NAOC) from
منبع: GuardianNigeria - 🏆 1. / 94 ادامه مطلب »

Oando Plc completes $783m acquisition of Eni’s subsidiary, Nigerian Agip Oil CompanyThis acquisition is a significant milestone in Oando's long-term strategy to expand its upstream operations and strengthen its position in the Nigerian oil and gas sector
منبع: PremiumTimesng - 🏆 3. / 78 ادامه مطلب »

ICYMI: Oando's market cap crosses N1trn -- two weeks after Agip dealOando Plc has crossed the N1 trillion market capitalisation threshold.
منبع: thecableng - 🏆 2. / 80 ادامه مطلب »

OVH Acquisition: CAC dissolves NNPC retail, NueoilThe NNPC Retail officially no longer exists after it asked a court to transfer its ownership and properties to a firm it claimed to have bought.
منبع: PremiumTimesng - 🏆 3. / 78 ادامه مطلب »

NNPC’s acquisition of OVH: Oil, gas sector should not be politicisedA member of the House of Representatives representing Isiala Mbano/Onuimo/Okigwe Federal Constituency, Miriam Onuoha, has warned that the oil and gas sector of the economy is too critical to be politicized.
منبع: DailyPostNGR - 🏆 11. / 59 ادامه مطلب »