Wednesday, November 14, 2018

Tag "Oando PLC"

    Our midstream jetty will save Nigeria N43bn annually, says OVH Energy

Our midstream jetty will save Nigeria N43bn annually, says OVH Energy

ASPM Limited, a subsidiary of OVH Energy Limited OVH energy, has launched Lagos midstream jetty (LMJ).Located in Apapa, Lagos, the LMJ was built by Oando PLC to increase the delivery capacity and offloading efficiency of petroleum products into marketers’ storage facilities.The company said the jetty would save Nigeria N43 billion annually."The LMJ is expected to alleviate the perpetual infrastructural menace [...]

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    Forte Oil, Aiteo Group target Oando’s downstream assets

Forte Oil, Aiteo Group target Oando’s downstream assets

Forte Oil Plc and Aiteo Group on Monday emerged the major contenders for Oando Plc downstream assets nationwide.Investors’ interest heightened after Oando Plc announced plans to concentrate mainly on upstream petroleum activities and divest from downstream, petroleum products marketing.Mr  Alex’ Irune, head, corporate communications of Oando, in a statement confirmed investors’ appetite concerning their divestment from downstream petroleum operations.According to the [...]

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    Ikimi carpets Tinubu over ConocoPhilips deal

Ikimi carpets Tinubu over ConocoPhilips deal

Departing APC chieftain, Chief Tom Ikimi, has taken a swipe at former Lagos governor, Asiwaju Bola Ahmed Tinubu, over the recently approved $1.5 billion oil deal between Oando Plc and ConocoPhillips in the upstream sector.The deal, aggrieved APC members told TheCable, was struck in June at a secret meeting between Tinubu and minister of petroleum resources, Mrs. Diezani Alison-Madueke, at the Abuja [...]

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Exchange Rates

November 13, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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