Lagos, Nigeria — August 15, 2025 | Oando Plc has successfully completed the first tranche of its share redistribution programme, involving 679.3 million shares, as part of a broader capital restructuring strategy aimed at enhancing shareholder value and market positioning.
The energy giant confirmed that the exercise, which forms a key part of its multi-phase capital optimisation plan, was executed in line with regulatory approvals and corporate governance standards. The redistribution is expected to streamline shareholding patterns, improve liquidity, and position the company for stronger financial performance.
Speaking on the development, Oando’s Group Chief Executive, Adewale Tinubu, described the completion of the first phase as a “significant milestone” in the company’s long-term growth agenda. He added that phase two of the exercise would commence shortly, with the goal of achieving a more efficient capital structure and boosting investor confidence.
Market analysts have noted that the move could attract new investments and improve the company’s ability to raise capital for expansion projects, especially in the oil and gas sector, where Oando continues to maintain a strong footprint.
The share redistribution programme comes amid a wave of strategic realignments in Nigeria’s corporate landscape, as companies reposition to navigate economic headwinds and leverage emerging market opportunities.
