Oando has paid $550 million in cash to ConocoPhillips for the acquisition and secured bank financing to complete the payment
Nigerian energy company Oando Plc has overcome macro conditions bedeviling most companies in Africa’s largest economy as the oil and gas giant top lines were impressive.
Oando recorded a turnover of N424.67 billion to end 2014 financial year. Gross profit increased by 17 percent to N69.18 billion
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