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Nairaland Forum / Nairaland / General / Business / Oando PLC Acquires Nigerian Agip Oil Company For $783 Million (15860 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)
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Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by ClearFlair: 9:49pm On Aug 22 |
Lol |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by Basicend: 9:53pm On Aug 22 |
Please sir, where did Oando get that kind of money from. . Am just tired of all these Nigerian politicians. Hmm. Just like how Dangote got about $20 billion to build a refinery in Lagos in addition to many other businesses he is pulling at same time. 7 Likes 3 Shares |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by Cmanforall: 9:54pm On Aug 22 |
Wow!!! |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by Rexymania(m): 9:55pm On Aug 22 |
Dear Hausas, this country belongs to you guys, collect it before Tinubu and his iberibe followers destroy everything 5 Likes |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by Tealcrestmedia(m): 9:57pm On Aug 22 |
It's well o |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by Believeintruth: 9:57pm On Aug 22 |
FreeStuffsNG: You smoked grass when typing this rubbish. Oando crashed following the Conoco Philips acquisition because of the dollar denominated loans they took, moreso they sold off their downstream to Vittol energy and it was renamed OVH. How is it possible that a company saddled with debts that are dollar denominated and had shares suspended from the stock exchange would now in one year control NNPC retail and also still acquire Agip where did the funding come from? 12 Likes 2 Shares |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by jiz: 9:57pm On Aug 22 |
This hardship under this government shall pass 1 Like |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by Prince1759(m): 9:57pm On Aug 22 |
CyrusVI: One corn eating pest spotted.. You Celebrate with criminals not winners. 5 Likes 1 Share |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by Funkyswagzz(m): 9:58pm On Aug 22 |
Basicend: All the money spent was through loan |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by Believeintruth: 10:02pm On Aug 22 |
LegendHero: Oga calm down and stop twisting facts. That 2014 acquisition of ConocoPhillips put Oando in serious debt because they took dollar denominator loans. This made them sell off Oando downstream to Vittol energy giving rise to OVH The issue here is owing to the cash issues Oando had that even made them owe salaries, all of a sudden they now have money to acquire Agip. 13 Likes 2 Shares |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by LegendHero(m): 10:07pm On Aug 22 |
Kelklein: So you think Wale Tinubu own OVH? Most of you obedient are the reason why they said Nigerians have the lowest IQ in Africa. Wale already divested his quiet equity in 2022 and he is not part of the major shareholder of OVH which NNPC went into business with. 2 Likes 2 Shares |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by sweetrace(f): 10:12pm On Aug 22 |
FreeStuffsNG: Just stop!!!! God is certainly not the one blessing OANDO. It is not hidden that Tinubu and his family own OANDO. You are acting as if they just own shares like everyone else. Banks have been selling shares for a while now. Does it nullify the ownership of the banks by those who set them up? That you own shares of OANDO does not nullify Tinubu’s ownership!!! I really don’t care if Tinubu owns OANDO. As the president of this country, let him do his job! People can’t afford food and shelter! These are the most basic needs. 11 Likes 1 Share |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by ugonwoke(m): 10:12pm On Aug 22 |
Which way Nigeria x 2, Which way to go ![]() ![]() Bola, Bola, Bola, Haba,, I am not surprised, na since 2 yrs ago dis one begin linger. Congratulations to you ,the presido and commander in thief of the armed tyrants cum fellows of the republic. You don try, We are now jobless, Congratulations to those who manovered you in as presido. But know this, There is a time and season for everything. Na mi talk am. 6 Likes 1 Share |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by Antiurchins: 10:14pm On Aug 22 |
President Bola Ahmad Tinubu I Totally Disagree With You That You Inherited A Dilapidated Nigeria From The Former President Muhammadu Buhari Below Are My Reasons How Can A President That Claimed To Have Inherited A Dilapidated Nigeria Be Spending Public Funds Extravagantly As If You Inherited A Rich And Prosperous Country How Would You Justify The Following Extravagant Spendings Under Your Government 21 Billion Naira To Renovate The Vice President House 70 Billion Naira To The National Assembly Members To Buy SUVs At The Cost 160 Million Naira Per One For Se bynators And House Of Representatives Members Specifically 4 Billion Naira To Renovate Dodan Barrack Lagos Another 3 Billion Naira To Renovate Aguda House 5 Billion Naira Was Given To Presidential Tax Reforms Committee Of Less Than Twenty People Headed By Taiwo Oyedele With Nothing To Show For It 1.5 Billion Naira To Purchase Cars For Your Wife Senator Oluremi Tinubu Despite The Fact That First Lady Office Is Not Recognised By Our Constitution 300% Salary Increase For The Judges Which Was Speedily Passed By The Insensitive And Irresponsible Senators 5 Billion Naira Was Budgeted For Presidential Fleet Of Cars For President Bola Ahmad Tinubu Billions Of Naira Was Budgeted For Your Trips Including The Vice President Kashim Shettima To The Detriment Of The Citizens Every Senator Is Paid 21 Million Naira Monthly House Of Representatives Are Earning 13.5 Million Monthly All The Increment Was Done By Your Government 15 Trillion Naira Lagos Calabar Coastal Road Was Awarded Illegally To Your Friend A Lebanese Gilbert Chagoury Who Was Repatriated Back To His Country By The Former President Obasanjo You Have The Largest Ministers Ever In The History Of Nigeria Where Are You Sourcing Money To Pay Them You Went Ahead To Create Another Ministry Of Livestock Development What Happened To Orasanye Report Of Downsizing And Merging Some Of The Agencies , Parastatals And Departments Where Is The Subsidy Money That Was Removed On Petroleum Product And Electricity? How Much Was Saved And What Was The Money Used For President Bola Ahmad Tinubu Nigerians Are Demanding To Know? The Cost Of Governance Has Not Reduced Instead It Has Increased Massively Fuel Subsidy Removed Electricity Tariff Hike Education Beyond The Ordinary Citizens Health Services Beyond Ordinary Citizens Foodstuffs Beyond Ordinary Citizens Insecurity And Killings On The Increased Collapsed Economy Unemployment On The Increased Corruption And Stealing Of Public Funds Legalised Nepotism Top On Your Agenda President,Vice President,Governor's Security Votes Remained Intact All The Allowances Paid To Our Leaders Remained Intact There Is No Single Support A Citizen Of Nigeria Deserve From Government And The Government Is There For Him Or Her None Renewed Hopelessness,Destitution And Deception Mr President Bola Ahmad Tinubu,Governor's,Ministers And Top Government Officials Including The Service Chiefs Heads Of Agencies,Departments And Parastatals Your Lifestyle And Extravagant Spending Of Public Funds Does Not In Anyway Show That President Tinubu Inherited A Dilapidated Nigeria Leaders Are Getting Richer Citizens Are Getting Poorer Look At How President Bola Ahmad Tinubu Has Been Tranformed Physically,Mentally And Financially To The Detriment Of Nigerians This Trend Must Be Arrested THIS IS JUST A TIP OF INSENSITIVE LEADERSHIP RECKLESSNESS TO MENTIONED FEW 12 Likes 5 Shares |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by LegendHero(m): 10:15pm On Aug 22 |
Believeintruth: I’ll reply you coz you approach me sanely. —Oando already have it in their plan since last year to acquire Agip. —They got the loan from Afri-Exim bank to purchase 100% Agip As an informed person, try to make research and don’t just follow propagandists. https://guardian.ng/business-services/oando-secures-800m-loan-for-agip-nigerias-acquisition/
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Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by PEACE2023: 10:19pm On Aug 22 |
AcuraZDX:This is the reason Mele kyari is still in power in NNPCL 4 Likes 1 Share |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by SonofLagos: 10:22pm On Aug 22 |
gaby: ![]() ![]() ![]() ![]() |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by Basicend: 10:24pm On Aug 22 |
Believeintruth: Those online bots think we are fools na. 4 Likes |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by FreeStuffsNG: 10:29pm On Aug 22 |
sweetrace:I will not stop exposing liars and hateful criminal defamers! It is either you are taking advantage of gullible and ignorant people or you are the one being the mischievous lying hate-filled one. Either way, you all are products of unfruitful works of darkness! Oando's shareholding is well known and has been in public domain! If you hate Oando so much because you hate President Asiwaju Bola Ahmed Tinubu and want to kill the business owned by Nigerians from all works of life so you will reap too! Ignorance mixed with criminal defamation and mischief is bliss to you but not to some of us. You will all keep losing because your agenda is always full of lies and evil. lucianohase:Dismantle a bigger, better and more profitable NNPCL company after it bought and now owned a competitor and from such acquisition, NNPCL gets profitable returns to the government? Smh
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Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by lucianohase(m): 10:30pm On Aug 22 |
All these will be dismantled completely, after Tinubu ceases to be president. 5 Likes |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by Believeintruth: 10:30pm On Aug 22 |
LegendHero: The same Afrexim whose chairman was investigated over the loan given to TGI owners of Titan trust for the acquisition of Union Bank. What was Oando's condition before the loan was given to them? How can a company knee deep in debt be able to secure a loan. Can't you see the hidden hand that made them secure the facility? It was clear they were going to get Agip because of the person backing them, so to secure the loan from Afrexim was easy. See we know this game very well you cannot play coy with us 7 Likes |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by Believeintruth: 10:32pm On Aug 22 |
FreeStuffsNG: If there is anyone that lies and defamed people, it is you. Perhaps you need to cut down the tree growing in your eyes, so that you can see to remove the speck in others. 7 Likes |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by Basicend: 10:32pm On Aug 22 |
LegendHero: Oga, that loan is a way to cover up a theft process. How did Oando get collateral for such a magnitude loan. Considering their status before Tinubu came in. Do you think Oando will not seamlessly repay the termed loan via indirect and underneath inflows from the FG (that is Cardoso and Finance minister combo etc). Just like Dangote was aided under Buhari. . Oando is now the the flagship oil brand to the govt. As long as Tinubu is in power, the loan repayment will not affect the liquidity of the company. You think we are fools ba. . ? It's a blueprint, and in phases, they are rolling out a lot of things in the oil and gas tru Oando and it will be fast now bcoz of the pressure coming from Dangote and his cohorts. 8 Likes 2 Shares |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by jesmond3945: 10:56pm On Aug 22 |
LegendHero:i wonder the people liking your take. All of a sudden they were able to secure 800m when tinubu was already in power and not before knowing that tinubu would guarantee the loan with our reserve. Isoright 2 Likes |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by Donromeo1989: 10:57pm On Aug 22 |
Well do mr president, your doing well ![]() ![]() |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by Nosu(m): 11:06pm On Aug 22 |
Shell is leaving, Mobil is gradually folding up and Agrip has been acquired and someone is assuring me that Nigeria is working. Okay o, we dey watch. I hope the government e-rats on Nairaland are well paid sha because if you are not, you won't escape the disaster coming o. |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by LegendHero(m): 11:17pm On Aug 22 |
jesmond3945: 😂 your think Afriexim is your ochanga market bank? |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by LegendHero(m): 11:17pm On Aug 22 |
Believeintruth: What is the color of Nigeria flag abeg? |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by Believeintruth: 11:21pm On Aug 22 |
LegendHero: That has no bearing on the topic of the discussion bro. Stop trying to dodge. 3 Likes |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by Dminister(m): 11:25pm On Aug 22 |
Why are prominent people in Nigeria quiet to see this evil taking place in Nigeria. Nobody is talking 3 Likes |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by LegendHero(m): 11:27pm On Aug 22 |
Believeintruth: Can you shine my shoe please? |
Re: Oando PLC Acquires Nigerian Agip Oil Company For $783 Million by Oshokhai69: 11:32pm On Aug 22 |
FreeStuffsNG: Oando hasn’t been the same since the acquisition of ConocoPhillips. That transaction almost wrecked Oando. This Agip deal might just be the final nail on the coffin for Oando. 1 Like |
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