Mr Tinubu welcomed the signing between Accor and Shoreline Group for Nigeria’s first national hotel platform.
Mr Tinubu said Oando Plc thrived due to its trade alliances and “favourable” forex gains obtained from foreign assets.
If funds and capital were the most crucial factors to be considered for Petrotrin’s acquisition, Oando Plc seemed to have a solid shot at landing the deal.
The latest valuation elevated Oando to the top 10 most-capitalised companies on the Nigerian stock exchange.
NUPRC promises “continue to pursue its statutory mandate.”
Peoples Gazette reported how the Tinubus discussed Oando’s takeover of Eni’s Nigerian assets in exchange for Eni’s repossession of Nigeria’s lucrative OPL 245 oil field with
NNPCL, OVH and Nueoil sought the approval of the transfer of their assets to OVH Energy Marketing.
“Eni has received formal consent from the Nigerian Upstream Petroleum Regulatory Commission for the sale of NAOC Ltd to Oando Plc,” the oil company said.
According to him, the company’s turnover stood at N477.1 billion in 2020 and grew to N803.5 billion in the same period in 2021.
Because the president had already cut a deal for his family business, he backed down from Nigeria’s civil lawsuits against Shell and Eni over a spurious 2011 settlement.
