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
Vienna, Austria | July 11, 2025 — Group Chief Executive of Oando Plc, Mr. Wale Tinubu, has called on global energy leaders to ensure fairness and inclusivity in energy transitions by prioritising gas as a vital resource for Africa’s development. Tinubu made the appeal while speaking at the OPEC International Seminar held in Vienna, where
Oando Plc has posted a significant profit of N220.1 billion for the financial year ended December 31, 2024, representing a strong rebound from the N60.3 billion profit reported in 2023. The Group’s revenue surged to N4.09 trillion, up from N2.85 trillion in the previous year, driven by improved performance across its core businesses, including exploration
AfrexInsure, the specialty insurance subsidiary of the African Export-Import Bank (Afreximbank), has announced a strategic partnership with Oando Plc to provide tailored specialty insurance solutions for the energy company’s operations in Nigeria. The partnership aims to protect Afreximbank’s investment in Oando’s operations, including a $650m financing for Oando’s acquisition of Nigerian Agip Oil Company Assets
