Business
Oando Plc Scores Yet another First
Oando Plc, Nigeria’s leading indigenous energy group, is known for scoring many first since it was birthed 25 years ago. Today the oil and gas company has again scored yet another first as it has become the first Oil and Gas Company in Nigeria to receive the prestigious ISO 27001 Certification from Certification Partner Global FZ LLC.
ISO 27001 is the international standard outlining best practices for information security management systems.
“The certification also means that we are able to provide our stakeholders with a higher degree of confidence in the quality and stability of data security and further validating our commitment to the highest standards of information security.”
Speaking at the certificate presentation ceremony recently, the Group Chief Corporate Services and Operations Officer, Oando Plc, Mr Zubairu Muntari said, “This is a significant achievement for Oando. By implementing and following the necessary steps to comply with this standard, we can identify, control, and eliminate security risks, ultimately validating the security practices adopted within the organization.
The Head of IT, Oando Group, Mr Idris Musa, who directed the project, attributed the success to the commitment by the management towards managing business compliance and operational risks associated with the use of information systems and digital assets.
He said, “The investment in ISO 27001 enterprise security framework have allowed us structure and implement modern security controls in a complete and cohesive manner thereby strengthening our data and information system governance.”
Commenting on the certification, the Chief Operating Officer, Digital Encode Limited, Dr Obadare Peter said, “Essentially, the certification aims to establish and put in place good information security practices across the Oando Group. The certification is proof that the Company’s systems and processes have been audited against international best practice, positioning Oando as operating to global standards.”
Oando established by the indefatigable and intelligent business mogul Wale Tinubu Plc is listed on both the Nigeria and Johannesburg Stock Exchange.
Tinubu Niger Delta summit opens in Port Harcourt as investors and policymakers gather to drive investment, innovation and industrial growth
Dangote Petroleum Refinery has set its initial public offering price at ₦525 per share, with the company seeking to raise about ₦2.15 trillion as it prepares to enter Nigeria’s public equities market.
The Securities and Exchange Commission has approved the offer for 4.1 billion ordinary shares at ₦525 each. If fully subscribed, the offer would generate approximately ₦2.15 trillion, equivalent to about $1.6 billion at current exchange rates.
The offering is expected to open on 14 September 2026, according to Aliko Dangote, the president of Dangote Industries. The planned sale is positioned to become one of the largest equity offerings in Africa.
The IPO marks a significant step in Dangote Group’s plans to broaden ownership of the refinery and raise additional capital for expansion.
The refinery currently has a stated processing capacity of 650,000 barrels of crude oil per day. Dangote has said the company plans to increase that capacity to 1.4 million barrels per day as part of its longer-term expansion strategy.
The planned share sale follows a $1 billion underwriting programme completed in August, providing additional financial backing ahead of the public offering.
The refinery, located in the Lekki area of Lagos State, is one of Africa’s largest industrial projects and has become an increasingly important player in Nigeria’s fuel supply market since beginning operations.
The public offering will give Nigerian investors an opportunity to acquire shares in the refinery directly, while providing Dangote Petroleum Refinery with fresh capital to support its next phase of growth.
The company has also indicated ambitions to expand beyond its current Nigerian operations, with Dangote recently announcing plans for another refinery project in Kenya.
-
Politics2 years ago
13 Ondo Assembly Members Disown Endorsement of Aiyedatiwa
-
Politics2 years ago
APC Group, Ondo Govt, Quarrel Over Money for Endorsement
-
Trending News5 years agoStop unsavoury, inciting statements – DSS warns
-
Others5 years agoAdron Homes Celebrates 10 Years Of Housing Excellence
-
Humanity5 years agoPresident Buhari Commiserates With Ambassador Maureen Tamuno Over The Loss Of Her Father
-
Others7 years agoEX- CUSTOMS BOSS, IBRAHIM MERA’S DWINDLING FAME
-
Business2 years agoBigi Carbonated Soft Drinks Treats 40 Consumers to an Epic Easter Movie Hangout
-
Business2 years agoWema Bank Shines at Global SME Finance Forum Conference Awards 2024 …Awarded: • SME Financier of the Year (Africa) • Platinum Award for Best Financier for Women Entrepreneurs (Africa)