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NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable

Lead Investigation

Secret behind Oando’s change in fortunes after Tinubu became president in 2023

IF you were an investor in 2021 or 2022, you would probably not stand the mention of Mr Wale Tinubu-led Oando Plc. It wasn’t going to be your fault because data would support your decision. The oil and gas company lost N81.231 billion in the full-year 2022 and N74.723 billion in 2023. Economy Post reported […]

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Jun 01, 2024 post

REVEALED: Tinubu-led Oando Plc incurs N156bn losses in two years, lacks assets to repay loans, other liabilities

MR Wale Tinubu-led Oando Plc has finally released the full-year financial report of 2023 after two months of publishing the 2022 statement. Economy Post found that the company incurred losses totalling N155.95 billion in both 2022 and 2023. For both years, the oil and gas company did not have sufficient assets to take care of […]