Oando Targets N500 Billion Capital Raise Through 10 Billion Share Issuance, Unveils Broader Funding Plan
July 22, 2025 Oando Plc has announced plans to raise up to N500 billion through the issuance of 10 billion new shares, as part of a strategic move to strengthen its capital base and support long-term expansion initiatives. In a corporate disclosure filed with the Nigerian Exchange Group (NGX), the energy giant stated that the