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Energy Oil & Gas

Oando Gas and Power rebrands to Axxela Limited

Ihesiulo Grace 10 October 2017 0

Oando Gas and Power has announced the rebranding of the company and change of its corporate identity to Axxela Limited. The rebranding of Oando PLC’s Midstream business subsidiary was said to be in a bid to renew its ambition and strategic growth plan. This change was not entirely unexpected

Business

Oando shrinks net debt by 29 per cent, posts N1.7bn PAT

Ihesiulo Grace 2 May 2017 0

Oando Plc has reduced its debt burden by 29 per cent, while growing its profit after tax (PAT) by N1.7 billion in first quarter 2017, indicating a possible robust financial year for the company’s shareholders. The company’s result which was released recently showed that,Oando’s turnover grew by 116 per cent to N138.4 billion and gross […]

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