Shares of Nigerian energy firm Oando surged 10 percent on Monday after it said it had ended a long wait to secure funds to acquire the upstream oil and gas business of ConocoPhillips in Nigeria. Oando shares, which dropped nearly 30 percent last week, rose 1.86 naira to 21.11 naira […]
Tag: Oando Plc
Equities slide continues on profit-taking
Nigerian Equities fell on Thursday, extending a losing streak, which started on Monday to the fourth consecutive day. At the close of trading, a total of 37 stocks fell with just 16 recording price appreciation as against 46 losers and 11 gainers the previous day. Oando Plc was the top […]
OANDO Energy Announces Agreement for Private Placement
Oando Energy Resources Inc (OER) – a subsidiary of Oando Plc – a company focused on oil and gas exploration and production in Nigeria, has announced that it intends to complete a private placement to raise the sum of US$50,000,000. In addition, in connection with the Offering, OER intends to […]
