Oando Plc says it plans to raise N30.7bn through a special placement exercise. The energy company, which is listed on the Nigerian Stock Exchange and the Johannesburg Stock Exchange, said this in a statement made available to our correspondent on Tuesday. According to the statement, the company got the approval […]
Tag: Oando Plc
Nigeria’s Oando falls for a second day on Ibori allegations
Shares in Nigerian oil company Oando fell by almost the 10 percent limit allowed on the local stock exchange for a second day following allegations by a British prosecutor about links to jailed former Nigerian oil state governor James Ibori. The energy company’s shares were down 9.37 percent at 9.14 […]
Oando Refutes Allegation Regarding Ibori
Oando PLC (‘Oando’) reacts as follows: We state categorically that Mr. James Ibori does not own ‘a large part of Oando’ and that this statement is incorrect and misleading. Oando is a publicly traded company listed on the Nigerian and Johannesburg Stock Exchanges and does not and cannot control the […]
