Meet Ainojie ‘Alex’ Irune, MD of Oando’s new subsidiary bought for $783m
In August last year, Oando Plc, a Nigerian energy company listed on both the Nigerian Exchange Limited and Johannesburg Stock
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Energy
Oando’s pretax profit falls 54% despite revenue rise
Oando Plc, an indigenous energy company, reported a profit before tax of N47.78 billion last year, down from N102.98 billion
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Nigeria shifts focus to domestic LNG supply as five mini plants launched
The Nigerian National Petroleum Company Ltd and its partners launched five mini liquefied natural gas (LNG) plants in Ajaokuta, Kogi
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Fuel marketing firm Eterna swings to record profit from N9bn loss
Eterna, a fuel marketing company, has swung from a N9.33bn loss in 2023 to its biggest-ever profit last year. The
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Billionaire Otedola’s Geregu Power boosts profit by 70%
Geregu Power, chaired by billionaire Femi Otedola, saw its profit after tax surge by 70.6 percent to N27.41 billion last
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TotalEnergies’ Nigeria downstream unit doubles profit as revenue tops N1trn
TotalEnergies Marketing Nigeria, a fuel marketing company, saw its profit for the 2024 financial year more than double as revenue
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NNPC subsidiary, BUA sign deal for mini LNG plant
As part of efforts to enhance domestic gas utilization for businesses and industries, NNPC Gas Marketing Limited and BUA Group
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Aradel posts fourfold jump in profit as oil output rises 41%
Aradel Holdings Plc, a Nigerian integrated energy company, has reported a profit after tax of N247.8 billion last year, up
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Transcorp Power’s annual profit jumps to N80bn
Transcorp Power Plc reported a 165 percent increase in its profit after tax for the 2024 financial year to N80
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Nigeria’s Oando wins Angolan oil block months after NAOC acquisition
Oando Plc says its upstream subsidiary, Oando Energy Resources, has been awarded operatorship of Block KON 13 in Angola’s Onshore
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