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Oando PLC (OANDO.LG)

OANDO.LG on Lagos Stock Exchange

4.05NGN
18 Jul 2019
Change (% chg)

0.05 (+1.25%)
Prev Close
4.00
Open
4.00
Day's High
4.40
Day's Low
4.00
Volume
5,260,338
Avg. Vol
2,459,821
52-wk High
7.25
52-wk Low
3.50

Latest Key Developments (Source: Significant Developments)

Oando PLC Says Disagrees With SEC's Suspension Of Co's AGM
Tuesday, 11 Jun 2019 

June 11 (Reuters) - Oando PLC ::OANDO PLC SAYS CO DISAGREES WITH SEC’S POSITION THAT ITS DIRECTIVE TO SUSPEND 42ND AGM ACCORDS WITH EX-PARTE ORDER.OANDO - CO'S POSITION THAT ACTION TAKEN BY SEC IN DIRECTING CANCELLATION OF AGM IS "NOT IN THE BEST INTERESTS" OF CO, SHAREHOLDERS.  Full Article

Oando Says Is Aware Of Unsigned Document Addressed To SEC And Allegedly From Chairman Of Co
Monday, 3 Jun 2019 

June 3 (Reuters) - Oando PLC ::AWARE OF UNSIGNED DOCUMENT CIRCULATING ONLINE ADDRESSED TO SEC AND ALLEGEDLY FROM CHAIRMAN OF OANDO."COMPANY HAS NOT OFFICIALLY RELEASED A STATEMENT OR LETTER IN RESPONSE TO SEC".  Full Article

Oando PLC Says Challenges SEC's Ruling Published on May 31
Monday, 3 Jun 2019 

June 3 (Reuters) - Oando PLC ::JSE: OAO - OANDO PLC CHALLENGES THE SECURITIES AND EXCHANGE COMMISSION’S RULING.OANDO PLC, IN STATEMENT ABOUT SEC'S RULING PUBLISHED ON MAY 31, SAYS "RESERVES ITS RIGHTS TO TAKE ALL LEGAL STEPS".  Full Article

Oando Divests Its Residual Stake In Axxela For $41.5 Mln
Friday, 5 Apr 2019 

April 5 (Reuters) - Oando Plc ::OANDO PLC ANNOUNCES DIVESTMENT OF ITS RESIDUAL 25 PCT INTEREST IN AXXELA LIMITED.TOTAL PURCHASE PRICE FOR TRANSACTION WAS USD $41.5 MILLION.HAS DIVESTED ITS RESIDUAL 25 PCT INTEREST IN AXXELA LIMITED TO HELIOS INVESTMENT PARTNERS.NET PROCEEDS OF TRANSACTION WILL BE APPLIED IN PARTIALLY PREPAYING GROUP'S MEDIUM TERM LOAN (MTL).  Full Article

Oando Sells 25 Pct Interest In Axxela Ltd To Helios Investment Partners
Thursday, 4 Apr 2019 

April 4 (Reuters) - Oando PLC ::DIVESTED ITS RESIDUAL 25% INTEREST IN AXXELA LTD TO HELIOS INVESTMENT PARTNERS.TOTAL PURCHASE PRICE FOR THE TRANSACTION WAS $41.5 MILLION.NET PROCEEDS OF TRANSACTION WILL BE APPLIED IN PARTIALLY PREPAYING THE GROUP’S MEDIUM TERM LOAN.  Full Article

Oando Qtrly Group Revenue From Cont Ops 207.78 Bln Naira
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Oando PLC ::QTRLY GROUP REVENUE FROM CONTINUING OPERATIONS 207.78 BILLION NAIRA VERSUS 116.37 BILLION NAIRA.QTRLY GROUP PROFIT BEFORE INCOME TAX FROM CONTINUING OPERATIONS 7.04 BILLION NAIRA VERSUS 10.34 BILLION NAIRA.  Full Article

Oando Says Get EPC Mandate To Develop Ajaokuta-Kaduna-Kano Gas Pipeline
Thursday, 19 Apr 2018 

April 19 (Reuters) - OANDO PLC::AWARDED ENGINEERING, PROCUREMENT AND CONSTRUCTION MANDATE TO DEVELOP AJAOKUTA-KADUNA-KANO GAS PIPELINE PROJECT BY THE NIGERIAN PETROLEUM CORP.US$727MILLION AJAOKUTA-ABUJA PIPELINE DEVELOPMENT IS A 215KM GAS INFRASTRUCTURE WITH ASSOCIATED FACILITIES.  Full Article

Oando Says NSE Lifts Technical Suspension Placed On Co's Shares On Oct 23, 2017
Thursday, 12 Apr 2018 

April 12 (Reuters) - Oando PLC ::FORENSIC AUDIT INTO AFFAIRS OF COMPANY IS CURRENTLY UNDERWAY BY DELOITTE NIGERIA, THE SEC APPOINTED FORENSIC TEAM LEAD.NSE LIFTS TECHNICAL SUSPENSION PLACED ON CO'S SHARES ON OCT 23, 2017, FOLLOWING DIRECTIVE ISSUED BY THE SECURITIES AND EXCHANGE COMMISSION.  Full Article

Oando's Issues Official Statement On SEC's Commencement Of Forensic Audit Into Affairs Of Co
Friday, 15 Dec 2017 

Dec 15 (Reuters) - OANDO PLC ::OFFICIAL STATEMENT ON THE SECURITIES AND EXCHANGE COMMISSION’S COMMENCEMENT OF A FORENSIC AUDIT INTO THE AFFAIRS OF CO.STATE THAT NO ACTION TAKEN THUS FAR HAS BEEN TO UNDERMINE AUTHORITY OF SEC, BUT TO PROTECT CO AND ITS SHAREHOLDERS AGAINST ACTIONS TAKEN UNDER MOUNIR GWARZO, ERSTWHILE DIRECTOR GENERAL (DG) OF SEC.ON DEC. 5, SEC NOTIFIED THE CO THAT FORENSIC AUDIT INTO THE AFFAIRS OF OANDO PLC WOULD COMMENCE ON DEC 6.HOWEVER, EXTERNAL AUDITORS APPOINTED BY THE SEC ARE YET TO APPROACH THE COMPANY TO COMMENCE THE AUDIT.  Full Article

Oando Says Relocation Of Head Office To Wings Office Complex​
Friday, 1 Dec 2017 

Dec 1 (Reuters) - Oando Plc ::SAYS ‍OANDO PLC ANNOUNCES RELOCATION OF ITS HEAD OFFICE TO WINGS OFFICE COMPLEX​.  Full Article