Wale Tinubu seeks fresh capital as Oando debt hits $2bn
Chief executive of Oando Group Wale Tinubu is seeking fresh capital to address debt of about $2bn following its acquisition of Nigerian Agip Oil Company from Italian energy group Eni in 2024. The deal, completed in August 2024 for $783m, doubled Oando’s interest in four oil mining leases in the Niger Delta from 20 percent […] The post Wale Tinubu seeks fresh capital as Oando debt hits $2bn appeared first on QED.NG.
Chief executive of Oando Group Wale Tinubu is seeking fresh capital to address debt of about $2bn following its acquisition of Nigerian Agip Oil Company from Italian energy group Eni in 2024. The deal, completed in August 2024 for $783m, doubled Oando’s interest in four oil mining leases in the Niger Delta from 20 percent […]
The post Wale Tinubu seeks fresh capital as Oando debt hits $2bn appeared first on QED.NG.
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