₦airaland Forum

sky2891:
Could this be tagged unseriousness with the delisting or do we expect another AGM specifically for the delisting?

Tpharell:
https://doclib.ngxgroup.com/Financial_NewsDocs/39575_OANDO_PLC-_NOTICES_OF_ANNUAL_GENERAL_MEETING_(AGM)_-__ANNUAL_GENERAL_MEETING_(AGM)_OCTOBER_2023.pdf

chisomkachy:
https://m.facebook.com/story.php?story_fbid=pfbid038BsSm9hcsyudCNFxeDjpR1yvszGhv66ugtB88EoUMmY9PaWndHGf9eX5EnLkDASKl&id=100064853313796&mibextid=Nif5oz



In June 2015, the Central Bank announced that some 41 items were “Not Valid for Foreign Exchange”, on the grounds that they could easily be produced in Nigeria rather than being imported into the country.

Some of the affected items include rice, cement, margarine, palm kernel, palm oil products, vegetable oils, meat and processed meat products, vegetables and processed vegetable products, poultry, tomatoes/tomato paste, soap and cosmetics, and clothes.

Other items include private airplanes/jets, Indian incense, tinned fish in sauce, cold rolled steel sheets, galvanised steel sheets, roofing sheets, wheelbarrows, head pans, metal boxes/containers, enamel ware, steel drums and pipes, wire mesh, steel nails, wood particle boards, and panels.

Equally affected were security and razor wire, wood particle and fiber boards and panels, wooden doors, furniture, toothpicks, glass/glassware, kitchen utensils, tableware, tiles (vitrified, ceramics), textiles, wooden fabrics, plastic/rubber products, polypropylene granules, and cellophane wrappers.

The apex bank subsequently added fertiliser and maize/corn to the list of banned items.

According to the apex bank at the time, the I&E market functions by a “willing buyer, willing seller” system, where an entity with demand for FX seeks out another entity with FX to sell at an agreed price through an authorised dealer.

Never4getU:
Shut up n stop allowing religion becloud ur sense of judgement. Who is going to be happy to have strangers take over his or her land at gun point, dispossessing them of their ancestral inheritance of landed property and still take away their liberty because they are powerful. Don't u think someday, monkey will go market and ceases to come back home? That's what happened to Isreal. Though they pound Hamas but they will also feel the effect of their actions.

I don't support terrorists actions as they have no justification but cheating isn't good

Saviourplease:
Good evening house.

I am in a dilemma and I need advice on what to do.

A bit of background about myself: I am a 29 years only child from a very poor background. I work for an IT firm which i joined in 2019 as a graduate trainee.

My total income is around 490k (400k from main job, 90k from a writing side gig).

My challenge:
Recently, My host have told me to look for my accommodation and I have been searching for houses. Unfortunately, the places closer to my places of work is expensive.

I work in VI and the cheapest mini flat I have seen in close vicinity is 1.2M at Ajah.

I also have have a building project I am undertaking in the village that is at roofing stage and my parents have been pressuring me to settle down as the only child.

My dilemma is this, If i go for the house at Ajah, it will eat a bulk of my savings, thereby making it impossible for me to complete the building project or even start the process of settling down.

If I go for a cheaper but farer location, I will be spending more time in traffic.

Please, how do I manage this?

Winters23:
You can argue all you want, but the reality remains that currently there’s no Jewish temple in the land where the ancient temple used to stand, what we have there now is an Islamic mosque, the 3rd holiest site in Islam and as long as it remains there the Jews don’t own Jerusalem.

I’m not a Muslim by the way, I consider myself Christian.

Winters23:
I see where you’re coming from and I understand your legitimate concerns.


Both Jews and Arabs are land grabbers and that much is pretty clear.


But when it comes to Palestine, the Jews are the aggressors and occupying forces.

Positivepoint:
Ask your self why us is sending over 30 ships including 2 aircraft carriers to Israel?


Hezbollah is a formidable force that can defeat Israel on conventional war.

They defeated Israel in 2006

How did they defeat Israel in 2006 when the whole international community had to intervene for Israel to stop bombarding them?
There are different levels in warfare!

Ahmed4u1:
you are conducting airstrike yet still afraid of bringing in your ground forces, what a joke and coward Israel, they have learnt from 2006 war what esbolla did to them....i thought Israel can do morethan this but its such fearful military, if that 300,000 soldiers were move into Gaza i promised 50,000 won't come out alive.

Winters23:
First of all I didn’t mention “palestine” in my first post.

There is no such thing as Jewish empire, it was a kingdom in ancient times often conquered by empires.


If you want to talk about history let’s talk about the original settlers in Palestine before Isaac was born. Before the Jews migrated from Egypt under Moses and Joshua when they waged a religious war against Jericho and killed men, women and children, displaced many more.

The Jews have a history of ethnic cleansing of people who lived in Palestine long before Jesus was born.


The Europeans impersonating the ancient Jews are currently using same scorched earth mentality to wipe out the people who have been living there for more than a thousand years.

SapaProMax:
Shame on you bro. As far as Abraham fathered Ishmael and Islam is an Abrahamic religion, they can lay claim to it.

Paraman:
Israel should not send ground forces into Gaza, is not going to be an easy battle

Winters23:


Creating state of Israel was a mistake, especially when the outcome is fated to bloodshed and violence.

Neither of the sides can have peace without justice.

There's a reason why the Jewish nation ended 2000 years ago, in fact the Jewish people are now extinct. What we have in the middle east are European settlers performing ethnic cleansing just as they did in America, Canada, New Zealand and Australia.

99thEnemy:

Bitter truth in the picture below

SapaProMax:
Pussyass cocksuckers.

I'm not Muslim. Throughout Ramadan, I dey always watch Israel on Al Jazeera harassing Moslems praying in their mosque without regard for their holy month. Hamas is not Palestine and Palestine is not Hamas. So Niger and Chad should start bombing civilian targets in Northern Nigeria because of the activities of Nigerian terrorists in their domain? Israel is a bully and does not give a shite about violation of human rights. Since 1948 more Palestinian women and children have been killed than Israelis. Before Hamas' offensive last Saturday, Palestine recorded 2023 as the deadliest year for them in the hands of the Israeli government backed by UN, US and Europe. Homosexual bastards!

To me, the most foolish people supporting Israel are those fighting for sovereignty in Nigeria. Their foolishness is astounding.

mumu9gerian:
Thanks so I guess qualification is the monster important date

mumu9gerian:
Please whats the difference between qualification date and closure of register?

Zagee:
Going by this, will it over-ride the scheme of arrangement documentation that backs the 7.07 pricing and SEC being aware of it?

Be like say we go reach supreme Court oo

https://www.thecable.ng/oando-to-become-private-firm-as-core-investor-offers-buyout-of-minority-shareholders

robobo:



Wale na lawyer oooooo and i doubt if he can be beaten in this game.

una go soon see one part of the constitution wey dem go take counter una nowwww

sky2891:
I hope the Rules will be adhered to....

robobo:
the operative sentence is " six (6) months immediately preceding the date on which the notice of the AGM/EGM"

has the date of the AGM/EGM been decided yet?

if so count 6 months before then

if not then wait till date is notified and count 6 months before that date

Tpharell:
Where is your source vacanci?

vacanci:
the question now is, WHEN WAS THE NOTICE TO DE-LIST ISSUED. The price of 16 Naira in September is out of that period. I believe the notice was issued and the preceding 6 months has passed and the N7.07 we kept hearing was the highest amount during the preceding 6 months.
I do not think the exit price will be the highest amount within 6 months after the case is settled or during the period case is held. It is simply the highest amount with 6 months preceding when the notice to de-list was issued.

BabsO2:
The bets I guess in the market right now are
1. The company will turn around
2. The company will tow the path of not being a going concern again and shareholders will be wiped out (the 2021 AFS noted the possibility of the company not being able to meet its debt obligations).
3. The company will go private at N7.0 or at a new higher price.

Also it is worth to note a major shareholder exited in Nov 2021 with nearly a 5th of OANDO shares at N6. Perhaps the delisting pressure originally was triggered by this shareholder. Perhaps not.
https://doclib.ngxgroup.com/Financial_NewsDocs/131_OANDO_PLC_-.pdf

The Audited 2022 AFS was due since end of Aug 2023
https://doclib.ngxgroup.com/Financial_NewsDocs/37413_OANDO_PLC%20OANDO_PLC__CORPORATE_ACTIONS_JANUARY_2023pd.pdf

ProphetUtuocha:
I just dey laugh at all the folks who cling to the unfortunate past and spread wicked stories against Wale and Oando. If only they know that this is a new season and that the wind is on the back of Oando. Enough said.

Streetinvestor2:
You can't beat wale in this game.He is a lawyer. The 14 minority shareholders is still wale left hand in action.The only thing that will come out of all this is small adjustment in the buy out price from wale if he has decided to delist.....no agm(social gathering) can stop him and his partners.

Note:will still buy oando if I see it at #5.00

robobo:
which compliance are they reporting on? They have offered something (7.07) but not called a meeting for the minority to accept or reject, so where is the compliance?

essentialone:
https://www.thisdaylive.com/index.php/2023/10/09/debts-indigenous-contractors-kick-against-agip-oando-deal

https://thestreetjournal.org/oando-boss-omamofe-boyo-to-face-trial-in-italy-over-alleged-tanker-contract-fraud/

robobo:
which compliance are they reporting on? They have offered something (7.07) but not called a meeting for the minority to accept or reject, so where is the compliance?

hisexcellency34:
Oando court case ongoing....