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Tag: Oando

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Oando boosts oil production by 50%

Oando Plc reported a nearly 50% increase in its crude oil production over the past three months. This surge follows its acquisition of the Nigerian Agip Oil Company from Eni earlier this year, which contributed significantly to the boost in output. The Managing Director of Oando Energy Resources Nigeria Limited, Dr. Ainojie Irune, made disclosure […]

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Oando becomes Nigeria’s first local IOC with $4bn valuation

Oando Plc’s operations in the São Tomé and Príncipe Exclusive Economic Zone mark a significant milestone, establishing it as Nigeria’s first indigenous International Oil Company. This achievement reflects the dedication and vision of its team, particularly the Chief Executives Officer, Mr. Wale Tinubu, who has been instrumental in navigating the complexities of the oil and […]

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We contributed $550m to Afrexim Bank loan facility – Oando

Oando Plc has stated that it contributed $550 million to the $925 million released to the Federal Government by the African Export-Import Bank under the $3.3 billion crude oil-backed loan facility sponsored by Nigerian National Petroleum Business Limited. According to a corporate notification filed with the Nigerian Exchange Limited on Friday, the oil corporation made […]

NNPCL condemns reported sale of NAOC assets to Oando
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NNPCL condemns reported sale of NAOC assets to Oando

      The reported sale of Oil Mining Licences 60, 61, 62, and 63 to Oando Oil Limited by the Nigerian Agip Oil Company has been criticised by the Nigerian National Petroleum Company Limited. In a letter dated September 4, 2023, and written to the managing director of Nigerian Agip Oil Company Limited, Maitama, […]

Electric Buses: Funsho Doherty raises concern over LASG's collaboration with Oando
Business

Electric Buses: Ex-gov candidate knocks Lagos, Oando partnership

The ADC’s candidate for governor of Lagos State in the March 18 election, Funsho Doherty, has voiced opposition to the recently announced cooperation between the Lagos State Government and Oando to provide electronic vehicles for the state. According to Nairametrics, Doherty claimed that the contract lacked openness since details about the partnership’s specifics were withheld from the public in an […]

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Oando receives electric buses for Lagos transportation 

Oando Clean Energy Limited, which is a division of Oando Plc, has received a fleet of electric buses intended for transportation in Lagos State. According to The Punch, the company released an official statement regarding this matter on Tuesday evening. Oando Clean Energy Limited in 2022 signed a Memorandum of Understanding with the Lagos Metropolitan […]