Oando Plc profit drops by 44% – Report

Indigenous oil company, Oando Plc, has reported a 44 per cent decline in its half-year profit to N62.6bn from N112.45bn recorded as of half-year 2023. This was disclosed in its H1 Unaudited 2024 results filed with the Nigerian Exchange Limited. Oando blamed the dip in its profit after tax on higher exchange rate translations on

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