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Oando Blames Financial Report Delay On NAOC Acquisition, Internal Control Requirements

Summary by The Whistler Nigeria
Oando Plc has announced a delay in the publication of its 2024 Audited Financial Statements (2024 AFS), citing complexities arising from its recent acquisition of Nigeria Agip Oil Company (NAOC) and newly expanded Internal Controls Over Financial Reporting (ICFR) requirements. The company in a notice to the Nigerian Exchange Limited seen by THE WHISTLER noted that it now anticipates filing the report on or before May 30, 2025, beyond the regulat…
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The Whistler NigeriaThe Whistler Nigeria

Oando Blames Financial Report Delay On NAOC Acquisition, Internal Control Requirements

Oando Plc has announced a delay in the publication of its 2024 Audited Financial Statements (2024 AFS), citing complexities arising from its recent acquisition of Nigeria Agip Oil Company (NAOC) and newly expanded Internal Controls Over Financial Reporting (ICFR) requirements. The company in a notice to the Nigerian Exchange Limited seen by THE WHISTLER noted that it now anticipates filing the report on or before May 30, 2025, beyond the regulat…

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The Whistler Nigeria broke the news in on Thursday, April 3, 2025.
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