Nigeria’s Oando plans to seek shareholder approval to raise up to 250 billion naira ($1.5 bln) via debt or equity, the energy company said on Tuesday. Oando plans to hold the shareholder meeting on Feb. 18, it said in a statement, adding that 50 billion naira of the amount will […]
Tag: Oando
OANDO Announces Sale of East Horizon Gas Company to Seven Energy International Limited
Lagos, Nigeria – Oando PLC (“Oando” or the “Group”), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, announces the execution of a Share Purchase Agreement (“SPA”) with Seven Energy International Limited (“Seven Energy”) for the sale of the entire issued share capital of one […]
Nigeria’s Oando delays deal for ConocoPhillips’ assets
Nigeria’s Oando said on Monday that it has delayed the completion of its $1.79 billion deal to buy Conocophillips’ Nigerian assets by two months to January. Oando has been aggressively seeking equity and bank loan funding to secure funds for the deal’s completion. Source: Reuters
