Archives Tag: Oando Plc
For 2012, Mergers & Acquisitions in Nigeria Was Worth $7.4 Billion
April 19, 2022
Global Consulting Giant, KPMG, has said that Mergers & Acquisitions (M & A) in Nigeria for 2012 was worth $7.415 billion. This included deals that involved foreign companies and local ones. It was 379% increase from 2011, when M & A in Nigeria was $1.548 billion. Most deals were in the oil sector, and KPMG’s report … Continue reading For 2012, Mergers & Acquisitions in Nigeria Was Worth $7.4 Billion
ConocoPhillips leaves Nigeria, sells assets to Oando for $1.79 billion
April 19, 2022
Global oil-giant, ConocoPhillips is leaving Nigeria, after years of operating oilfields at several parts of the country. ConocoPhillips is selling its assets to Oando Energy Resources (OER) for $1.79 billion plus customary adjustments. This will extend Oando’s asset in onshore and offshore resources in the Nigerian oil sector, and the organization has paid $435 million … Continue reading ConocoPhillips leaves Nigeria, sells assets to Oando for $1.79 billion
By david
