A metallic and magnetic transition metal oxide Ag2NiO2 is studied by means of resistivity, magnetic susceptibility, specific heat, and x-ray diffraction. The crystal structure is characterized by an alternating stacking of a Ni3+O2 layer and a (Ag-2)(+) layer, the former realizing a spin-1/2 triangular lattice with e(g) orbital degeneracy and the latter providing itinerant electrons. It is found that the NiO2 layer exhibits orbital ordering at T-s = 260 K and antiferromagnetic spin ordering at T-N= 56 K. Moreover, a moderately large mass enhancement is found for the itinerant electrons, suggesting a significant contribution from the nearly localized Ni 3d state to the Ag 5s state that forms a broad band.