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Oando Acquires Nigerian Agip Oil Company in $783 Million Deal

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Vincent Nwanma

Vincent Nwanma is a seasoned analyst, columnist, and reporter with over 30 years of experience in business and economics journalism across Nigeria and Africa.
  • Oando Plc completes acquisition of Nigerian Agip Oil Company from Eni for $783 million
  • The deal doubles Oando’s reserves and strengthens its position in Nigeria’s oil and gas sector

Lagos, Nigeria – Oando Plc, Nigeria’s diversified indigenous energy company, has completed the acquisition of 100% of the shareholding interest in Nigerian Agip Oil Company (NAOC) from Italian energy giant Eni.

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