Stats: 3,186,664 members, 7,930,273 topics. Date: Saturday, 24 August 2024 at 02:17 PM |
Nairaland Forum / Nairaland / General / Business / Oando PLC Acquires Nigerian Agip Oil Company For $783 Million (15858 Views)
Power-Drunk Customs Officials Loot Traders' Shops Overnigh At Agip Market, Lagos / Elephant Group Plc Acquires Rice Mill In Rivers State / Notification Of Suspension Of Trading In The Shares Of Oando Plc (2) (3) (4)
(1) (2) (3) (4) (5) (Reply) (Go Down)
Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by AcuraZDX: 5:53pm On Aug 22 |
Oando PLC has successfully completed its acquisition of the Nigerian Agip Oil Company (NAOC) from Italian energy giant Eni for a total consideration of $783 million. https://nairametrics.com/2024/08/22/breaking-oando-plc-acquires-nigerian-agip-oil-company-for-783-million/ 1 Like
|
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by AcuraZDX: 5:53pm On Aug 22 |
The only businesses thriving in Nigeria appears to be the ones related to Tinubu's family. OandO will soon buy up all upstream and downstream Assets in Nigeria. Acquired NNPC retail and now these all in one year. Nobody is asking where is all these funds coming from? The same company was ridden in debt, regulatory issues. It's stock was suspended from been traded on the exchange just less than 3 years ago. But now... Bigoted Nigerians must learn 232 Likes 27 Shares |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by AcuraZDX: 5:53pm On Aug 22 |
Tulumbu, his family, friends, associates are busy enriching themselves.. But his wife is telling NIGERIANs to be patient and learn how to plant Efo.. Kai.. 191 Likes 20 Shares |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by LOVEALAIGBO: 5:55pm On Aug 22 |
Ali Baba and his forty thieves dey learn work for where this man dey! ![]() 116 Likes 6 Shares |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by AcuraZDX: 5:56pm On Aug 22 |
nlfpmod 1 Like |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by FreeStuffsNG: 6:15pm On Aug 22 |
AcuraZDX:Ignorance mixed with criminal defamation and mischief is bliss to you. Smh Massive Congratulations to Oando Plc! This is another milestone after the 2014 acquisition of ConocoPhillips during the locust years of PDP. Many ignorant people like OP don't know this is not the first major deal by Oando Plc, they don't know that it's a company that belongs to every Dick, Tom and Harry who can buy its Oando shares on NSE and JSE currently selling cheap at N43.50 per share. Oando shares that you can buy first thing tomorrow even if it's as low as N5k worth!! You are here swimming in ignorance that it's a Tinubu company. Smh. These loud, uncouth, criminal defamers are mostly ignorant people who don't even know that the Nigerian Presidency has nothing to do with Oando and that OVH is not even owned by Oando Plc. Smh. May this time bring the company and its shareholders great and bountiful rewards. Shareholders of Oando had gone through thick and thin with huge debt after their company share price crashed owing to oil price crash immediately after the ConocoPhillips deal, so bad that they have not recieved dividends for almost a decade! Thank you Oando Plc shareholders for not giving up. May God continue to bless Oando and the Federal Republic of Nigeria. Check my signature for free stuffs! 143 Likes 11 Shares
|
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by hisgrace090: 6:16pm On Aug 22 |
By 2027 Tinubu will share his supporters some cups of garri to continue in power as they continue suffering. 44 Likes 4 Shares |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by Racoon(m): 6:20pm On Aug 22 |
This is really crazy. Shit is getting real in Nigeria 31 Likes 2 Shares |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by Racoon(m): 6:21pm On Aug 22 |
AcuraZDX:This is incredibly insane! Atiku Abubakar said it yesterday. Nigeria really underestimated the gang of crooks ruling it today. 65 Likes 5 Shares |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by Macphenson: 6:27pm On Aug 22 |
Tenant buys Landlord house. 37 Likes 3 Shares |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by CyrusVI(m): 6:38pm On Aug 22 |
![]() This is huge tho No be today companies don dey acquire other private company Its logically dumb to assume this takeover wouldnt have happened if Tinubu isnt the President I celebrate with winners, so i shall become one Others can gnash their teeth and heaven will not fall 11 Likes 4 Shares |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by LOVEALAIGBO: 7:00pm On Aug 22 |
6 Likes |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by opamoses1: 7:02pm On Aug 22 |
Macphenson:Oando is Nigerian while Agip is Italian. Which one is the landlord and who's the tenant. 6 Likes |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by NwaNimo1(m): 7:07pm On Aug 22 |
State capture.... ![]() 28 Likes 2 Shares |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by Ezewuzie01: 7:39pm On Aug 22 |
No wonder Tinubu quickly approved Federal University of Medical Science in Kwale. He has taken the multi-billion dollars Ndokwa oil wells and power plant and given them peanut school in return. 168 Likes 5 Shares |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by seunmsg(m): 7:46pm On Aug 22 |
AcuraZDX: Can you guys just stop lying? Where and when did Oando acquire NNPC retail? Oando divested fully from OVH long before OVH was acquired by NNPC. Both NNPC retail and OVH are fully owned subsidiaries of NNPC so what’s the uneducated noise all about? Atiku is either a complete illiterate or a very mischievous person for issuing that poorly informed press statement. Sadly, poorly educated folks like you are flying around with the same nonsense. For the avoidance of doubt, NNPC is not selling NNPC retail to anyone. What NNPC did was to merge NNPC retail limited (an NNPC subsidiary) with OVH (another NNPC subsidiary). OVH does not belong to OANDO, Wale Tinubu or Bola Tinubu. It belongs to NNPC. 137 Likes 5 Shares |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by LegendHero(m): 7:46pm On Aug 22 |
AcuraZDX: Cry more. We love your tears. Na only for online una propaganda and tears end. So if it keeps you busy, keep your tears flowing. Just like Elon said, propaganda is not about telling lies but about hiding the truth. The truth here is that Oando legitly sourced their funding to purchase AGIP and the details are in the open. —Below is Oando acquiring a company in 2014, I guess Tinubu is also the president then. —Below is last year when Oando borrowed $800m from Afriexim bank to acquire this same AGIP 119 Likes 5 Shares
|
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by opamoses1: 8:03pm On Aug 22 |
Ezewuzie01:Your tears are delicious 😁 3 Likes 1 Share |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by ogolemati: 8:04pm On Aug 22 |
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() 36 Likes 5 Shares
|
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by Spandau: 8:18pm On Aug 22 |
seunmsg: My Director! Boo ni o?😆😆😆😆😆. E ni ke e kan siwa leni, abi? 2 Likes |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by ogolemati: 9:47pm On Aug 22 |
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() 16 Likes 2 Shares
|
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by Hemanwel(m): 9:47pm On Aug 22 |
President Tinubu enriching his family, friends and cronies, while blocking businesses with northern interests, including Dangote Refinery. 16 Likes 1 Share |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by BarrElChapo(m): 9:47pm On Aug 22 |
State Capture by the Tinubus' 19 Likes 1 Share |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by gaby(m): 9:47pm On Aug 22 |
Na so... Waiting for WEMA Bank to acquire and take over CBN. Una never see anything yet... Long before Tinubu even gor sworn in, I kept mentioning it here albeit in my usual sarcastic manner that the Dangote Refinery might lead us to our second ever civil war... It is a huge pity for the geographical expression and her citizens with none to spare for Dangote himself. The poor citizens will end up as usual to be the grasses that'd suffer under these fights.. 13 Likes |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by Konquest: 9:48pm On Aug 22 |
AcuraZDX:Indeed, Oando PLC is a public liability company with shareholders, so, it's an impressive legal acquisition of the Italian Agip company unit called Nigerian Agip Oil Company with the knowledge and backing of it's shareholders. The best practices in community relations in the oil-producing communities must also come into full effects. This is wishing Mr. Wale Tinubu, the brilliant Law graduate of the world-class London School of Economics and Political Science and the entire Oando PLC team the best in steering the ship of Oando Plc in the upstream sector to bring dividends to all the shareholders via the dual listings on the Nigerian Stock Exchange and the Johannesburg Stock Exchange (which is the biggest stock exchange in Africa). Oando Plc sold its downstream assets to NNPC Limited in 2022, as it shifted its business operations to focus on the upstream oil sector. However, in 2022, the group posted a revenue of N1.56 trillion, which increased by 15% to N1.79 trillion in 2023. Strategic Importance Wale Tinubu, Group Chief Executive of Oando PLC, highlighted the significance of this acquisition as the culmination of a decade-long effort that began with Oando’s acquisition of ConocoPhillips’ Nigerian assets in 2014. 1 Like 1 Share |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by Kelklein(m): 9:48pm On Aug 22 |
What oando is pulling should be among the list of wonders of the world.. From austerity and struggling to acquisitions upon acquisitions all in less than 2 years..🤔🤔 They even bought over the NNPC retail that acquired them in 2022.. NNPC retail had up to 550 stations across the country as at the time it acquired all the less than 100 Oando Stations across the country.. Today due to some government-influenced manoeuvre, Oando has taken over all those 550 stations from NNPC.. if that is not 'american wonder' as said in local parlance, I wonder what else is.. It used to be a thing of joke that one day, one politician would sell Nigeria and put the money in his pocket and walk away.. it's happening before our very eyes.. 25 Likes 5 Shares |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by tuoyoojo(m): 9:48pm On Aug 22 |
Another one bites the dust You dey look am e dey go Where all these millions dey come from 11 Likes 1 Share |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by Dpharisee: 9:48pm On Aug 22 |
Tinubu is using his company Oando to buy up Nigeria oil sector under his watch as Minister of Petroleum 21 Likes 4 Shares |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by Melagros(m): 9:48pm On Aug 22 |
COMRADES are speechless, and deluded mind will tell me that Tinubu is fighting corruption Fighting corruption my ass 10 Likes 2 Shares |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by Afonjatijati(f): 9:48pm On Aug 22 |
Tinubu is a thief Take it or you leave it 19 Likes 5 Shares |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by Eriokanmi: 9:49pm On Aug 22 |
Now, it's no more rumour. It's official and again, My guess was right, from the beginning. The real owner of the Blending facility in Malta will soon be unravelled 18 Likes 2 Shares |
Naira's Free Fall Continues, Now Exchanging At ₦550 To $1 / Naira To Dollar Exchange Rate History / Notify Customers Before Debt Recovery Moves, CBN Tells Banks
Viewing this topic: JOHNBULLZZ
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 48 |