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.

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


Recent Business

Cocoa pod and beans outdoors. Photo by Ákos Helgert @ Pexels
How Nigeria's cocoa strategy could end decades of oil dependence
Read More »
A vibrant display of traditional dance in Botswana. Photo by Xitsundzuxo Himina @ Pexels
Why Botswana’s inflation surge signals wider risks for commodity economies
Read More »
Molten metal pouring from ladle in industrial foundry. Photo by Bence Szemerey @Pexels
Can Kipushi’s zinc boom in Congo redraw Africa’s commodity power balance?
Read More »

Recent Politics

Nigerian youth on the street. Photo by Salem Ochidi @ Unsplash
Why Nigeria’s Osun vote could foreshadow 2027 turmoil
Read More »
Patrice Talon, Former President of Benin Photo @Patrice Talon/Facebook
Who really governs Benin? Ex-president Talon still holds the keys
Read More »
Football fans on the street of Marrakesh, Morocco. Photo by Graddes @ Unsplash
Will Morocco’s $20bn World Cup gamble deliver growth?
Read More »

Latest Posts

Latest news insights