Oando

The Rural Electrification Agency (REA) says it has signed an agreement with Oando Clean Energy Limited (OCEL) to boost renewable energy access across Nigeria. REA, in a statement on Wednesday, said the signing is a result of the success of its recently held Solar Power Naija (SPN) investor matchmaking event. It said the MoU signing aims to boost collaboration between the private sector and government agencies towards deploying sustainable renewable energy access nationwide. The agency said as it continued to play…

Oando Clean Energy Limited (OCEL), in partnership with the Lagos Metropolitan Area Transport Authority (LAMATA), on Tuesday commenced operations of its electric mass transit buses at Lagos Bus Services Limited (LBSL) head office, Ilupeju, Lagos. A statement released by Oando on Tuesday said the initiative is aimed at transitioning the Lagos State public transport system through the development of a pathway to a carbon-free mobility ecosystem within the state. It noted that the buses will provide a viable,…

Reader survey As a reader of PREMIUM TIMES, your opinion matters. Please take our survey to help us better understand the values and preferences of our readers. Your feedback will give us valuable insights into how we can tailor the different types of content we offer to meet your needs. The survey should only take about 6-8 minutes to complete. Click here to take it. Oando Clean Energy Limited (OECL), the renewable energy subsidiary of the oil and gas company, has received the first fleet of electric…

Oando Plc recorded an increase of more than a half in turnover for 2021, according to its unaudited earnings report issued Wednesday. The increase helped the oil driller halt its two-year run of losses that began in 2019, the report showed. Shares in the company had gained nearly 10 per cent, the upper daily limit allowed by the Nigerian Exchange, as of 10:14 WAT in Lagos after the news hit the market. But the stock was yet to see any movement in Johannesburg, where it has a secondary listing, as of the time. A…

Oando Plc has issued an update on publication of its outstanding audited earnings reports for the financial years 2020 and 2021 as well as its financial statements for the first, second and third quarters of 2022. The energy firm said in a statement it conducted its 43rd annual general meeting last August when shareholders endorsed its 2019 audited accounts and appointed new independent auditors BDO Professional Services to audit its books for 2020 and 2021. “Unfortunately, due to the lengthy onboarding process…

On Wednesday, August 10, 2022, Oando successfully concluded its 43rd Annual General Meeting (AGM), at the Wings Office Complex, Victoria Island, Lagos. In line with COVID safety protocols, shareholders were represented by proxies of their various associations at the AGM. All resolutions proposed at the AGM were approved, including the election of Nana Fatima Mede and Ronke Shokefun as non-executive directors, the election of Adeola Ogunsemi as an executive director, the re-election of Ike Osakwe, Ademola…

A Nigerian energy solutions provider, Oando, has finally released its long-anticipated full-year 2019 and 2020 financial statements.The company confirmed the development in a statement issued on its website on Wednesday and obtained by the News Agency of Nigeria (NAN) in Lagos. The statement said the three-year delay in the release of the company’s results was precipitated by the Securities and Exchange Commission’s (SEC) suspension of Oando’s 2018 Annual General Meeting (AGM). It said…

Oil driller Oando Plc said Monday its clean energy unit signed a deal with Lagos Metropolitan Area Transport Authority (LAMATA) to provide the renewable energy that will facilitate the deployment of electric mass transit buses, charging centres and supporting charging infrastructure. Oando Clean Energy Limited agreed to the public-private partnership arrangement late in April, Oando said in a statement, paving the way for the attainment of Lagos State Government’s goal of rolling out an…