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

Meknes, Morocco Photo @ Unsplash
Is Morocco’s 4.7% growth forecast sustainable amid surging oil prices?
Read More »
Jeremy Awori, Group CEO of Ecobank Transnational. Photo @Ecobank Group/Facebook
Ecobank’s $500mn capital raise: growth story or defensive gamble amid Nigeria drag?
Read More »
Stephen Blewett, CEO of MTN Ghana at the company's AGM in Accra. Photo by MTN Ghana/Facebook
MTN’s $1bn bet: Can Ghana turn digital ambition into an African innovation engine?
Read More »

Recent Politics

Nigerian youth on the street. Photo by Salem Ochidi @ Unsplash
Treason case lays bare Nigeria’s hidden power struggles under Tinubu
Read More »
Benin Finance Minister Romuald Wadagni. Photo @Romuald Wadagni/Facebook
Benin election 2026: From fiscal discipline to political delivery - Wadagni’s real test begins
Read More »
Kinshasa, Democratic Republic of Congo. Photo by Johnnathan Tshibangu @ Unsplash
Why DR Congo is taking in US deportees — and what Africa gains or risks
Read More »

Latest Posts

Latest news insights