Oando Plc completes $783m acquisition of Eni’s subsidiary, Nigerian Agip Oil Company
This acquisition is a significant milestone in Oando's long-term strategy to expand its upstream operations and strengthen its position in ...
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This acquisition is a significant milestone in Oando's long-term strategy to expand its upstream operations and strengthen its position in ...
MultiChoice's net asset position, also called shareholders' fund, turned negative at ZAR1.1 billion after its liabilities exceeded its assets at ...
![Oando-PLC [Photo Credit: www.oandoplc.com]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2019/06/Oando-PLC.jpg?resize=350%2C250&ssl=1)
Shares in the energy company slid by 9.86 per cent in Lagos at the end of trade following the news
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Nigeria has held ownership since 2014 in the troubled firm.
![Nigerian oil company, Oando. [Photo credit: Guardian Newspaper]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2017/10/Oando-Plc-e1508430335391.jpg?resize=350%2C250&ssl=1)
The company has in the last two quarters been enmeshed in controversies.
SEC, NSE keep mum over court restraining order
Managers of the company deny allegations of mismanagement.
The NSE had suspended the firm on Wednesday.