30 results
- 7 Mar 2018
SEC to Resume Forensic Audit of Oando Plc
Dr Abdul Zubair, acting director-general, Securities and Exchange Commission (SEC), has said it will resume forensic audit to probe Oando Plc based on petitions received by the commission from…
- 3 Jul 2015
Oando, Vitol & Helios in $276.8m Strategic Partnership
Oando PLC ("Oando") an integrated oil and gas company headquartered in Nigeria, has entered in to an agreement with HV Investments II B.V., (“HVI”), a joint venture owned by a fund advised by Helios…
- 19 Jul 2021
SEC Settles Protracted Legal Tussle with Oando
Oando Plc has entered into a settlement with the Securities and Exchange Commission (SEC) in the overriding interest of the shareholders of the company and the capital market after years of legal…
- 1 Jun 2019
Oando Confronts SEC over Sanctions, Mulls Legal Action
Management of Oando Plc has reacted to the sacking of its board on Friday, saying the action was calculated to prejudice the business of the company. Securities and Exchange Commission (SEC)…
- 10 Nov 2009
Oando Awards N100m Engineering Contract, Upgrade LPG Terminal
Oando Plc, a major player in the nation’s downstream sector, has said that plans were afoot to upgrade its LPG terminal, Apapa, Lagos to an ultra-modern 7,600 metric tonne capacity facility, as…
- 27 Jul 2017
Fraud: Oando, Others Cough out N328.9Bn, EFCC Seals SPAR
Economic and Financial Crimes Commission (EFCC) said it has recovered a total of N328.9 billion from nine major oil marketers after quizzing their chief executives. This is coming as the agency also…
- 29 Jun 2017
NCAA Issues First Drones Operator Certificate to Oando
The Nigerian Civil Aviation Authority (NCAA) on Thursday issued its first Remotely Piloted Aircraft (RPAs)/Drones Operator’s Certificate (ROC) to Oando Plc. Capt. Muhtar Usman, Director General,…
- 26 Jan 2015
Marketers Fleece Kerosene Consumers of N800m Daily
Marketers of petroleum products and their agents may have been extorting kerosene consumers an estimated N800m daily if official statistics are used as basis of demand, according to National Mirror.…
- 9 Nov 2017
OVH Energy Says Lagos Midstream Jetty to Save Nigeria N43bn Annually
ASPM Limited, a subsidiary of OVH Energy Limited, achieved a ground-breaking milestone as it launched its Lagos Midstream Jetty (LMJ) located at the Lagos Apapa Harbour. The Lagos Midstream Jetty is…
- 5 Jun 2016
Oando Advocates LPG Adoption at 2016 World Environment Day
In the past few years Nigeria’s leading Oil retailer, Oando Marketing has been at the forefront of creating awareness and educating the public on the benefits of LPG, more widely known as cooking…
- 12 Mar 2026
Court Freezes Bank Accounts of Petrocam, Founder over Alleged N9Bn Zenith Bank Debt
Federal High Court sitting in Lagos has ordered the freezing of bank accounts belonging to Petrocam Trading Nigeria Limited and Patrick Ilo, its founder, over an alleged N9.05 billion debt. Patrick…
- 22 Oct 2013
DG NIMASA, Chief of Naval Staff Address Piracy Issues @ OTL Africa 2013
The increasing tempo of piracy in Nigeria’s coastal waters has become a serious security threat requiring urgent attention by all relevant stakeholders in the maritime industry, the threat posed by…
- 17 Mar 2016
Nigeria’s S&T Media Secures $1m Seed Round
Nigeria-based S&T Media has closed on seed financing from early-stage technology venture capital firm, EchoVC Partners, who have committed up to $1m for the company. The official announcement…
- 27 Jul 2015
IIM-Africa Links Economic Recovery to Reliable Data, Information Management
The Institute of Information Management (IIM) has declared its plans to bring to the front-burner the need for information management as a tool for economic recovery and business integrity in Nigeria…
- 19 Apr 2018
Reps Okay Gwarzo’s Suspension as SEC DG
The House of Representatives considered the report of the Committee on Capital Market and Institutions on Wednesday and said the Suspension of Mr. Munir Gwarzo, former Director General of Securities…
- 17 Jun 2025
Nigerian Stock Market Suffers ₦183 Billion Loss Amid Profit-Taking
Nigerian stock market continued its downward trend on Tuesday, June 17, with investors losing ₦183 billion in market value. The Nigerian Exchange Ltd. (NGX) saw its total capitalisation decline from…
- 5 Mar 2012
Fidelity Bank, Others Win Project Finance Deal of the Year Award
Fidelity Bank Plc was among few Nigerian banks that won the Euromoney Project Finance Telecommunications Deal Award of the Year for the $650million funding deal for Etisalat Nigeria, a member of the…
- 17 Apr 2018
SEC Boss Sacked for Disobeying Finance Minister
The federal government removed Abdul Zubair as acting director-general, Securities and Exchange Commission (SEC) for reportedly defying Kemi Adeosun, minister of Finance minister’s orders to lift the…
- 15 Jul 2020
First Bank Gifts Verve Card Holders Free Fuel
First Bank of Nigeria Limited, is set to reward customers for Verve Card usage in its Free Fuel Promotion. The Free Fuel promo which is activated by FirstBank in collaboration with Verve…
- 22 Nov 2013
Nigeria’s Highest Paid CEOs
Being a successful and influential chief executive officer takes hard work, guts, sacrifice and a more-than-average knowledge of how the business environment works. Many who wish to be successful and…
- 19 May 2016
Rise Networks Founder to Speak, Mentor Innovators at Oxford Africa Conf
Toyosi Akerele – Ogunsiji, multi-dimensional Social Entrepreneur & Founder of Rise Networks, will at the weekend engage academics, thought leaders and students in a discussion on “Business and…
- 9 Dec 2017
ADE Digital Marks Third Anniversary, Introduces ‘Free Digital’ Initiative
One of the leading digital agencies in Nigeria, ADE Digital Media has reach ed a significant milestone in its corporate existence, as it celebrates its third year of delivering innovative digital…
- 27 Feb 2019
Glo Seals Partnership with Africa CEO Forum to Grow Continent's Economy
In continuation of its desire to promote Africa's economic development, digital transformation leader, Globacom, has announced its support for the 2019 Africa CEO Forum. Globacom’s support for the…
- 5 Dec 2015
#Electricity: Leveraging Gas to Power Nigeria
In order for any country to experience sustainable growth, there is an underlying need for consistent, affordable, and environmentally-friendly energy. Electricity plays a fundamental role in the…
- 6 Aug 2017
Forte Oil in Talks on Refinery Deal to Boost Capacity
Forte Oil said it was in talks with a major refinery to form a strategic partnership for local refining of petroleum products in Africa's top oil exporter, Akin Akinfemiwa, its chief executive said.…
- 26 Jan 2018
Keyamo Asks FG to Release Probe Report on Suspended SEC Boss
Festus Keyamo (SAN), Lagos-based lawyer, has requested that the report of the investigation panel set up to probe the suspended Mounir Gwarzo, director general of the Securities and Exchange…
- 14 Apr 2023
SEC Vows to Protect Minority Interests in Capital Market
The Securities and Exchange Commission (SEC) has assured investors that the interest of minority shareholders would be protected during all transactions in the capital market. Mr. Lamido Yuguda, the…
- 25 May 2025
HEDA Sues FG, Oil Giants over Alleged Unlawful Oil Licence Transfer
Incorporated Trustees of HEDA Resource Centre have filed a lawsuit against the Federal Government, multinational oil companies, and Nigerian government agencies at the Federal High Court in Lagos,…
- 17 Oct 2014
Insurance, Technology Shake Hands @ Myautogenius.com
A revolution in Nigeria’s Insurance Industry has commenced with the entrance of MyAutoGenius.com into the market, on Thursday. With 15.5 million cars in Lagos alone and over 14% of cars on Nigerian…
- 27 Feb 2013
Diamond Advocates Capacity Building in Nigerian Oil & Gas Industry
To entrench a culture of sound corporate governance practices in the Nigerian oil and gas industry, there has to be a consistent investment in capacity building across board in companies operating in…