Category : Search result: Oando Plc


Northern Group Slams Yari's Geregu Power Appointment

Mai Kare Talakawa rejects Senator Abdulaziz Yari's Geregu Power Plc board role, questioning his wealth source and citing conflict of interest. The group links Zamfara's poverty and insecurity to his tenure.

Universal Insurance Plc Bets on Tech for 2026 Expansion

Universal Insurance Plc CEO Japhet Duru reveals a 2026 strategy focused on digital innovation to enhance customer experience and expand market share. Learn how technology is reshaping Nigeria's insurance sector.

Oborevwori launches N39.3bn Otovwodo flyover in Ughelli

Governor Sheriff Oborevwori has commenced construction of a N39.3 billion flyover at Otovwodo Junction, Ughelli, to permanently solve traffic congestion. The project, awarded to Julius Berger, is set for completion in 12 months. Read more.

Eterna Plc Opens N21.52bn Rights Issue

Eterna Plc has opened a N21.52 billion rights issue to fund its downstream expansion and strengthen its balance sheet. The offer closes on February 18, 2026. Read the full details.

Tinubu Hails Otedola, Elumelu for Landmark Energy Deals

Wale Tinubu commends Femi Otedola and Tony Elumelu for major transactions reshaping Nigeria's energy sector. Otedola's Geregu Power exit and Heirs Energies' Seplat stake acquisition signal strong investor confidence. Read more.

Abdulaziz Yari Named Geregu Power Chairman

Geregu Power Plc appoints former Zamfara governor Abdulaziz Yari as chairman following Femi Otedola's resignation after selling his majority stake for N1.08 trillion. Read the full board shake-up details.

Otedola Sells Geregu Power Stake for N1.088 Trillion

Nigerian billionaire Femi Otedola has sold his controlling stake in Geregu Power Plc in a landmark N1.088 trillion transaction. Discover the details and implications of this major shift in Nigeria's energy sector.

Universal Insurance Gets BBB- Rating from Agusto & Co

Agusto & Co assigns a BBB- rating with a stable outlook to Universal Insurance Plc, citing strong 2024 results, robust solvency, and improved profitability. Discover the key figures behind the rating.

Conoil Pays ₦2.43bn Dividend to Shareholders for 2024

Conoil Plc announces a massive ₦2.428 billion dividend payout for 2024, rewarding shareholders with 350 kobo per share. Discover how the company achieved 60.5% revenue growth amidst Nigeria's economic challenges.

Awele Elumelu to Chair Transcorp Hotels Board

Transcorp Hotels Plc appoints Dr Awele Vivien Elumelu as its new Board Chair effective January 1, 2026. Discover her vision for innovation and growth in Nigeria's hospitality sector.

IBPlc Unveils New Budweiser Royale Beer in Lagos

International Breweries Plc (IBPlc) has launched its new flagship beer, Budweiser Royale, in Nigeria. The event in Lagos featured top executives and a campaign promoting confidence and achievement. Discover the brand's vision.

Eterna Plc Launches N21.52 Billion Rights Issue

Eterna Plc plans to raise N21.52 billion through a rights issue to fund expansion in retail, LPG, and aviation. Shareholders can buy 3 new shares for every 4 held. Read details.

Edo Land Revocation Sparks Investor Nightmare

The alleged revocation of Presco Plc's C of O by the Edo State government risks billions in agro-investments and 15,000+ jobs. Will political moves derail the state's economic growth? Read more.

NGO Commends Okpebholo Over Presco Land Controversy

Edo State Governor Monday Okpebholo earns praise for swiftly disowning an unauthorized land revocation notice against Presco Plc, reinforcing investor confidence and transparent governance.

Edo Governor sacks EDOGIS MD over land dispute

Governor Monday Okpebholo fires EDOGIS MD Dr. Tony Ikpasajah for unauthorized revocation of 13,545 hectares from Presco Plc. New merit-based appointments for permanent secretaries announced.

Edo Govt Denies Revoking Presco Land Rights

Edo State government refutes an unauthorised notice revoking Presco Plc's land rights. Read the official statement and analysis on the state's commitment to investor protection.

NEM Insurance Assets Reach N165.46bn in Q3 2025

NEM Insurance Plc strengthens market leadership with N165.46bn assets in Q3 2025. Insurance revenue surges 55% to N107.44bn. Discover how they achieved this remarkable growth.

Universal Insurance Records 388% Profit Surge

Universal Insurance Plc reports N1.13bn post-tax profit for nine months ending September 2025, marking 388% growth. Driven by investment gains and premium growth. Read full analysis.

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