By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Oil marketing company, Oando Plc Wednesday announced it will increase its authorised share capital from N5.0 billion to N7.5 billion in the company’s forthcoming extra-ordinary general meeting (EGM) scheduled for February 18, 2014. The company in a Statement to the Nigerian Stock Exchange (NSE) and […]
Tag: Oando Plc
Oando raises N30.7bn for ConocoPhillips acquisition
Oando Plc has successfully raised N30.7bn to complete the acquisition of ConocoPhillips’ Nigerian assets and meet other obligations. The energy firm, which is listed on both the Nigerian and Johannesburg Stock Exchange, had announced its plans to raise the funds through a special placement exercise last week. In a statement […]
Oando Energy Resources Amends Loan Agreement with Oando Plc
Press Release Oando Energy Resources Inc. (“Oando Energy Resources” or the “Company“) (TSX: OER), a company focused on oil and gas exploration and production in Nigeria, today announced that it has further amended the US$401 million loan agreement and associated repayment deed (as amended, the “Loan Documentation“), each dated May 30, […]
