Oando Plc

Type: Company
Name: Oando Plc
First reported Sep 17 2014 - Updated Sep 17 2014 - 1 reports

Oando: Educating children, empowering women

As Oando Plc, through its foundation, announced a book drive to commemorate the International Literacy Day on Monday, September 8, 2014, RUTH OLUROUNBI takes a look at the company’s Corporate Social Responsibility efforts.Oando Foundation last week Monday ... [Published Nigerian Tribune - Sep 17 2014]
First reported Sep 16 2014 - Updated Sep 16 2014 - 3 reports

Oando holder Oando PLC to sell up to 60 million shares

Mr. Michael Comeau of All Group reportsALL GROUP FINANCIAL SERVICES INC. ADVISES OF OANDO ENERGY RESOURCES INC.CONTROL BLOCK DISTRIBUTIONAll Group Financial Services Inc. has been appointed by Oando PLC, a control block holder of Oando Energy Resources ... [Published Stockwatch - Sep 16 2014]
First reported Sep 16 2014 - Updated Sep 16 2014 - 1 reports

EXCLUSIVE-Total resumes $2.5 bln Nigerian deepwater oil field sale

* BNP Paribas tasked to find buyers for field -sourcesHigh capex, possible tax rise could deter bidders* Chinese, Indian players seen as Total's best hopeBy Sophie Sassard and Tim CocksLONDON/LAGOS, Sept 16 (Reuters) - France's Total SA , Europe's second ... [Published CNBC - Sep 16 2014]
First reported Sep 16 2014 - Updated Sep 16 2014 - 1 reports

OER Reduces Debt by US$98m Via Conversion of Oando Plc Loan to Equity

5:41 pmBONNY AMADIOando Energy Resources Inc has announced the conversion to equity of principal and interest in the US$ 98 million, outstanding under the US$ 1.2 billion facility agreement dated 10 February, 2014with Oando Plc .By the recent agreement ... [Published Business World Intelligence - Sep 16 2014]
First reported Sep 15 2014 - Updated Sep 15 2014 - 1 reports

Nigeria - Excess dividend tax regime, new development

The tribunal held, in the Oando PLC case, that when a dividend is paid out of retained earnings / reserves on which tax had been previously paid, the dividend is still regarded as “profits on which no tax is payable” and therefore is assessable to income ... [Published KPMG - Sep 15 2014]
Entities: Taxes, Dividend, Nigeria
First reported Sep 15 2014 - Updated Sep 15 2014 - 1 reports

Corporate Nigeria Rally Against Ebola

Since that unfortunate arrival of Liberia's Ebola-infested Sawyer and his scary death in Lagos, human existence in the country -- socio-cultural and business -- has taken a different turn: Indeed, the way Nigerians live -- the way they celebrate, the ... [Published Individual.com - Sep 15 2014]
First reported Sep 12 2014 - Updated Sep 12 2014 - 1 reports

Market Capitalisation Sheds N42bn

|Trading on the stock market closed on a negative note yesterday as market capitalisation went down by N42 billion to close at N13.458 trillion as against the N13.500 trillion posted on Wednesday.The Nigerian Stock Exchange (NSE) All-Share Index (ASI) ... [Published Leadership - Sep 12 2014]
First reported Sep 12 2014 - Updated Sep 12 2014 - 1 reports

Corporate Nigeria rises against Ebola as Seplat, others lead charge

A new front against the ravaging Ebola disease has been opened with corporate Nigeria leading the charge.While the efforts of international bodies such as the USAID and European Commission to tackle the disease have been in the news, the actions of some ... [Published Business Day Nigeria - Sep 12 2014]
First reported Sep 12 2014 - Updated Sep 12 2014 - 1 reports

Gates foundation donates $50m to contain virus

The struggle to contain the Ebola Virus Disease in West Africa on Wednesday received a boost with a $50m donation from the Bill and Melinda Gates Foundation.According to the Foundation, the funds will be released to the agencies of the United Nations ... [Published Nigeria Punch - Sep 12 2014]
First reported Sep 11 2014 - Updated Sep 11 2014 - 1 reports

NSE’s market indices dip by 0.31%

Equity transactions at the Nigerian Stock Exchange (NSE) on Thursday closed on a downward trend as market indicators showed a drop of  0.31 per cent in the volume of traded shares.The All-Share Index declined by 128.2 points, closing at 40,757.20 as against ... [Published Business Day Nigeria - Sep 11 2014]
First reported Sep 11 2014 - Updated Sep 11 2014 - 2 reports

Oando Foundation Launches Ebola Education Support Fund for Children Affected By the Deadly Disease

Oando Foundation announces the launch of its Ebola Education Support Fund. The Fund will support the education of Nigerian children who have lost one or both of their parents to the deadly Ebola Virus Disease (EVD) and require financial support to continue ... [Published AllAfrica.com - Sep 11 2014]
Entities: Oando Plc, Education, Ebola
First reported Sep 03 2014 - Updated Sep 04 2014 - 8 reports

Oando Foundation Launches Ebola Education Support For Affected Children

Taiwo Ogunmola Omilani— Sep 4, 2014 |Oando Foundation has launched Ebola Education Support Fund for Nigerian children who lost one or both of their parents to the deadly Ebola Virus Disease (EVD) and require financial support to continue their educat ... [Published Leadership - Sep 04 2014]
Entities: Oando Plc, Ebola, Education

Quotes

"We have selected an advisor to pursue the sale process of Usan" a spokeswoman for Total said
...Chioma Nwachuku, its General Manager, External Affairs and Communications, said are "great sacrifices that this unfortunate outbreak has brought upon First Consultants Medical Centre - Lagos, the hospital where the EVD was first handled in Nigeria. Due largely to the professionalism they displayed in handling this difficult case, the nation has managed to keep the spread of the disease reasonably under control, howbeit, at great cost in human and material assets to the hospital."
According to Tokunboh Durosaro, Director, Oando Foundation, "We appreciate that the loss of a parent or both parents to EVD can be very daunting and seriously affect the future of a child. The importance of education cannot be underscored and this is why Oando Foundation has launched the Ebola Education Support Fund to mitigate the effect of this tragedy. The fund will ensure that all affected children complete their education to university level, notwithstanding their loss."
...  Assuming exercise of the 216,282,884 common share purchase warrants issued to Oando PLC on February 26, 2014 (the " February Warrants "), the 75,037,928 common share purchase warrants issued to Oando PLC's subsidiary on July 9, 2014 (the " July Warrants ") and the 34,072,057 common share purchase warrants issued to Oando PLC on August 20, 2014 (the " August Warrants "), Oando PLC would beneficially own and exercise control over 1,071,500,707 OER Shares, representing approximately 95.6% of the issued and outstanding OER Shares following such exercise; however, under the terms of the February Warrants, July Warrants and August Warrants, Oando PLC is restricted from exercising any February Warrants, July Warrants and August Warrants to the extent that such conversion would result in its direct and indirect ownership of OER exceeding 94.6%."

More Content

All (209) | News (182) | Reports (0) | Blogs (16) | Audio/Video (0) | Fact Sheets (2) | Press Releases (9)
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Oando: Educating children, empowering women [Published Nigerian Tribune - Sep 17 2014]
Oando holder Oando PLC to sell up to 60 million... [Published Stockwatch - Sep 16 2014]
All Group Financial Services Inc. Advises of Oa... [Published MarketWired - Sep 16 2014]
All Group Financial Services Inc. Advises of Oa... [Published Marketwire - Breaking News Releases - Sep 16 2014]
EXCLUSIVE-Total resumes $2.5 bln Nigerian deepw... [Published CNBC - Sep 16 2014]
OER Reduces Debt by US$98m Via Conversion of ... [Published Business World Intelligence - Sep 16 2014]
Teniola: An epoch is about to close [Published The Guardian Nigeria - Sep 16 2014]
The NSE, SEC and the Capital Market [Published This Day Online - Sep 16 2014]
Private sector in the first line of battle [Published Nigeria Punch - Sep 16 2014]
Nigeria - Excess dividend tax regime, new devel... [Published KPMG - Sep 15 2014]
Corporate Nigeria Rally Against Ebola [Published Individual.com - Sep 15 2014]
Nigeria Cup 2014 to Tee off Sept 27 at Ikoyi [Published This Day Online - Sep 15 2014]
Jonathan’s Local Content Policy Through $150m O... [Published Leadership - Sep 15 2014]
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Bears sustain dominance, as equities drops N284... [Published Weekly Trust - Sep 13 2014]
Ebola CSR: Ebola CSR: Where are Nigerian companies [Published Nigeria Punch - Sep 13 2014]
Market Capitalisation Sheds N42bn [Published Leadership - Sep 12 2014]
Corporate Nigeria rises against Ebola as Seplat... [Published Business Day Nigeria - Sep 12 2014]
FG Moves to Decongest Apapa Gridlocks, Rehabili... [Published This Day Online - Sep 12 2014]
Gates foundation donates $50m to contain virus [Published Nigeria Punch - Sep 12 2014]
NSE’s market indices dip by 0.31% [Published Business Day Nigeria - Sep 11 2014]
Oando Foundation Launches Ebola Education Suppo... [Published AllAfrica.com - Sep 11 2014]
Oando Foundation announces plan to end illiteracy [Published Nigeria Punch - Sep 11 2014]
Shell is Looking to Sell off More of its Nigeri... [Published Oil & Gas Eurasia - Sep 10 2014]
CBi makes case for building businesses on integ... [Published Business Day Nigeria - Sep 10 2014]
‘PIB will address gas supply constraints’ [Published The Nation Nigeria - Sep 09 2014]
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Blogs

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All Group Financial Services Inc. Advises of Oa... [Published Marketwire - Breaking News Releases - Sep 16 2014]
TORONTO, ONTARIO--(Marketwired - Sept. 16, 2014) - ...
Oando Energy Resources Inc. Announces Distribut... [Published PR Newswire: Financial Services - Sep 05 2014]
CALGARY, Alberta, September 5, 2014 /PRNewswire/ --Oando Energy Resources Inc. ("OER" or the "Company") (TSX:OER), a company focused on oil and gas exploration and production in Nigeria, today announced that a wholly-owned subsidiary of Oando PLC, has ...
Oando Foundation Launches Ebola Education Suppo... [Published EON Consumer - Sep 03 2014]
LAGOS, Nigeria--(EON: Enhanced Online News)--Nigeria-based Oando Foundation announced the launch of its Ebola Education Support Fund to support the education of Nigerian children affected by the spread of Ebola Virus Disease (EVD). The fund will provide ...
Oando Foundation Launches Ebola Education Suppo... [Published Business Wire Health News - Sep 03 2014]
LAGOS, Nigeria--(BUSINESS WIRE)--Nigeria-based Oando Foundation announced the launch of its Ebola Education Support Fund to support the education of Nigerian children affected by the spread of Ebola Virus Disease (EVD). The fund will provide aid to children ...
Oando Foundation Launches Ebola Education Suppo... [Published Business Wire Education News - Sep 03 2014]
LAGOS, Nigeria--(BUSINESS WIRE)--Nigeria-based Oando Foundation announced the launch of its Ebola Education Support Fund to support the education of Nigerian children affected by the spread of Ebola Virus Disease (EVD). The fund will provide aid to children ...
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Press Releases

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Oando Energy Resources Reduces Debt by US$98 Mi... [Published Financial Services - Aug 21 2014]
Oando Energy Resources Completes Landmark Acqui... [Published Financial Services - Jul 30 2014]
Oando Energy Announces Nigerian Government Appr... [Published Financial Services - Jun 18 2014]
Oando Energy Resources Executes Extension of Av... [Published Financial Services - Jun 09 2014]
Oando Energy Resources announces first quarter ... [Published Financial Services - May 16 2014]
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