Search

Oando Acquires Nigerian Agip Oil Company in $783 Million Deal

Breaking News
© Allen Dreyfus
  • 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.

Recent Business

Pile of gold bullion coins and bars. Photo by Zlaťáky @ Unsplash
Nigeria rolls out high-purity gold refining, deepens push beyond oil
Read More »
Giant solar panel. Photo by Biel Morro @ Unsplash
$15mn solar project to power DR Congo’s key mining sites
Read More »
Payment system. Photo by Nathana Rebouças @ Unsplash
Mukuru–Travelex partnership widens South Africa cash remittance network
Read More »

Recent Politics

William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Kenya’s opposition succession battle draws in Ruto, Uhuru as 2027 race takes shape
Read More »
Samia Suluhu Hassan, President of Tanzania. Photo @ Samia Suluhu Hassan/Facebook
Will Tanzania's shuttle diplomacy to Western nations bear fruits?
Read More »
US Marines and Sailors being transported by Marine Aerial Refueler Transport Squadron 352. Photo by Joel Rivera-Camacho @ Unsplash
US Christmas airstrikes on Nigeria may alter political equation for Tinubu
Read More »

Latest Posts

Latest news insights