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OANDO

Seplat Plans $250M Gas Plant In Delta State, Focuses On Energy

Revenue Surge, Falling Operational Costs… How Seplat Achieved Over 400% Profit Growth In H1 2026

August 19, 2026

Seplat Energy generated N2.50 trillion in revenue in the first half (H1) of 2026, rising by 15.48 percent above the N2.16 trillion turnover recorded in the corresponding period in 2025. In the

Oando Plc's Share Price Rise By %1,286% In One Year, Market Cap Crosses N1trn

Business News·Top Stories

Oando’s Pretax Loss Declines To N32bn As Cost Pressure On Revenue Drops To 95%

August 7, 2026

Oando Plc reduced its post-tax loss in the first half (H1) of 2026 as the company’s revenue rose faster than the cost of sales and the firm cut other expenses. According to

Business News·Top Stories

Oil Companies With Highest Market Share: Seplat Overtakes Oando, Four Record Decline

August 3, 2026

Four oil companies suffered a decline in their oil market share by revenue in 2025; two increased theirs, while the industry has a new market leader, according to Prime Business Africa’s (PBA)

Business News·Top Stories

Oil Stocks Lead NGX in Q1 2026 as Sector Outperforms

June 16, 2026

Oil and gas equities emerged as the Nigerian Exchange’s top performers in the first quarter of 2026, defying broader market weakness and currency pressures. Led by Seplat Energy, Aradel Holdings, and TotalEnergies

Business News·Top Stories

Largest Oil Companies In Nigeria: Three Rise In Valuation, Three Declines

March 3, 2026

Out of six oil companies listed on the Nigerian Exchange (NGX), also known as the stock market, three saw their valuation in the bourse decline, while three recorded a surge in their

Business News·Top Stories

Who Will Save Oando?: Profit Crashes By 96%, Expenses Gulp 99% Of Revenue

February 5, 2026

Oando Plc is losing its revenue to the cost of production, and the turnover is also decreasing, leading to the company’s pretax profit crashing by 96.03 percent, according to Prime Business Africa’s

Business News·Top Stories

Worst-Performing Nigerian Oil Companies In Q3 2025 — By Revenue Decline

December 29, 2025

Out of the six oil companies listed on the Nigerian Exchange (NGX), also known as the stock market, four companies made it to the list of the worst-performing oil producers in Nigeria

Business News·Top Stories

Five Out Of Six Oil Companies Performed Woefully On NGX In Q3 2025

December 2, 2025

Shareholders of Eterna Plc, Oando Plc, Conoil, Total Nigeria and Seplat Petroleum ended the third quarter (Q3) with significant losses, compared to those of Aradel Holdings on the Nigerian Exchange (NGX) Limited.

Business News·Top Stories

Oil Billionaires Who Recorded Losses In H1 2025

August 20, 2025

Five major investors of oil companies listed on the Nigerian Exchange Limited (NGX), also known as the Nigerian stock market, recorded a decline in their investments within the first half (H1) of

Business News·Top Stories

Legend Internet, Oando, Others Wiped Off N491.83bn From Stock Market

June 27, 2025

Over N491.83 billion was lost at the end of trading on Friday, June 27, after the stock market capitalisation declined to N75.96 trillion from N76.45 trillion on Thursday, June 26. Similarly, the

Business News·Top Stories

Champion Breweries, MTN, Others Increase Nigerian Stock Market Valuation By N1.15trn

June 5, 2025

Champion Breweries topped the list of gainers, and the Northern Nigeria Flour Mill (NNFM) led the losers’ table as the stock market capitalisation appreciated by 1.62 percent on Thursday, June 5. This

NGX Suspends Trading In Unity Bank, Guinea Insurance, 6 Other Companies’ Shares

Business News·Top Stories

Oando Leads Stock Market Gainers’ List, Meyer Among Losers

June 4, 2025

The stock market capitalisation increased by N223.38 billion on Wednesday, June 4, after the all-share index (ASI) appreciated by 0.31 per cent. According to trading data released by the Nigerian Exchange Limited

Business News·Top Stories

Wale Tinubu Loses N77bn In Five Months As Oando Struggles To Attract Investors

May 14, 2025

Wale Tinubu, the chief executive officer (CEO) of Oando Plc and a nephew of Bola Tinubu, the President of Nigeria, saw his net worth in the oil and gas company decline by

Business News·Top Stories

Chellarams, Oando, Others Increase Stock Market Cap By N314bn

May 13, 2025

On Tuesday, May 13, the equity capitalisation of the Nigerian stock market closed at N68.35 trillion, from the N68.04 trillion reported on Monday, May 12. The N314.95 billion or 0.46 per cent

Business News·News·Oil & Gas

Oando Completes $783m Acquisition Of Agip Oil

August 23, 2024

Oando PLC has announced that it has successfully completed acquisition of 100% of the shareholding interest in the Nigerian Agip Oil Company (NAOC), from the Italian energy company, Eni. A statement signed

Business News·News·Oil & Gas

Oando Denies Having Interests In Maltese Blending Plant

July 27, 2024

Oando PLC, an indigenous oil and gas company in Nigeria, has denied allegations that it owns a blending plant and storage facility in Malta. A post via X on Friday, 26th July,

Business News·Oil & Gas

Eni Receives Approval To Sell Agip Oil To Oando

July 26, 2024

Italian Energy oil company, Eni, has announced that the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has approved its bid to sell the Nigerian Agip Oil Company (NAOC), to Oando Plc. In a

Business News·News·Oil & Gas

Nigerian Govt Approves Oando’s Acquisition Of Agip

July 4, 2024

Nigerian government has announced completion of the deal for acquisition of 100% Nigerian Agip Oil Company (NAOC), by Oando PLC. Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe,

NGX stock market. Photo credit: TheCable

Business News·Markets·News

Oando, Mecure, Others Top Gainers As NGX Crosses 71,000 Mark

November 16, 2023

The Nigerian Exchange Group (NGX) breached the 71,000 mark, fostering a celebratory atmosphere among investors as the All-Share Index escalated by 0.25%, culminating in a closure at 71,014.34 points. This advancement not

Nigeria's Stock Market Declines Of N275bn As BUA Cement, Others Faces Loss

Business News·News

Oando Leads Losses As Nigerian Market Loses N518.08 Billion

September 22, 2023

Oando Corporation found itself at the forefront of the Nigerian stock market’s struggles as equity capitalization took a staggering 1.38 percent nosedive, resulting in a colossal N518.08 billion loss in total market

Business News·News·Oil & Gas

OANDO Leads Top Losers As JOHNHOLT, OMATEK, Lead Gainers

September 21, 2023

In a market day marked by red numbers, the Nigerian Exchange (NGX) showcased its resilience as it closed in negative territory on Thursday. Despite equities declining further amid high trading volume, market

Business News·News·Oil & Gas

Oando to Acquire Eni’s Nigerian Onshore Division

September 4, 2023

Oando, a prominent Nigerian oil producer, has announced its plans to acquire Italian energy giant Eni’s onshore Nigerian division. This groundbreaking deal encompasses control over onshore upstream assets nestled in the heart

Court Set Date To Hear Oando’s Scheme Of Arrangement For Minority Shares

Business News·Oil & Gas

Court Sets Date To Hear Oando’s Scheme Of Arrangement For Minority Shares

May 23, 2023

Justice Aneke of the Federal High Court has adjourned the hearing of the Scheme Of Arrangement for the acquisition of shares held by Oando’s minority shareholders. Prime Business Africa previously reported that

Business News·Markets

Stock Market Cap Increases By N10 billion Amid Gains In Oando, Transcorp

May 15, 2023

Over N10 billion was added to the stock market capitalisation on Monday, lifting the Nigerian bourse’s valuation to N28.44 trillion. During the previous trading session, the market capitalisation had closed at N28.43 trillion.

Business News

Minority Shareholders Reject Union Bank, Oando Acquisition Arrangement

May 11, 2023

The President of the New Dimension Shareholders Association, Patrick Ajudua, has spoken against the proposed offer tendered by Titan Trust Bank Limited and Ocean and Oil Development Partners Limited (OODP) to buy

Business News·Oil & Gas

Wale Tinubu’s Oando To Commence Electric Transport Business In Lagos

April 26, 2023

Oando Clean Energy (OCEL), largely owned by Wale Tinubu, has taken delivery of electric buses from Chinese carmaker, Yutong Bus, as the company enters the transportation business in Lagos State. Oando Plc

Business News·Markets

Dangote Cement, Oando, Other Equity Investors Pocket N250 billion

March 29, 2023

Investors went home with N250 billion gain on Wednesday, as the market capitalisation appreciated from N28.95 trillion to N29.20 trillion. Similarly, the All-Share Index recovered after gaining 479.17 basis points. It rose

Business News·Markets

Over N126.76 billion Lost Amid Sell-Off In Oando, Glaxo Smith, Others

March 15, 2023

On Wednesday, 15 March 2023, the stock market capitalisation shed –0.41 per cent in valuation, as it fell to N30.22 trillion. The decline represents N126.76 billion when the N30.22 trillion market capitalisation is compared

NGX: Investors Gain N313bn As ASI Rebound By 0.70%

Business News·Markets

Stock Investors Lose N40.42bn, Oando, Japaul Gold Among Losers’ List

March 6, 2023

About N40.42 billion was lost in the Nigerian stock market on Monday, 6 March 2023, as the equity capitalisation depreciated by -0.13 per cent. This led to the market capitalisation dropping to N30.29

Business News·Markets

Updated: Over N206.57 billion Gained By Nigerian Stock Investors In One Day

February 27, 2023

The stock market capitalisation appreciated by 0.69 per cent or N206.57 billion to close at N30.14 trillion on Monday, 27 February 2023, rising from N29.93 trillion reported last week Friday, 24 February 2023. It was learnt

Business News·Oil & Gas

Oando, MRS Increases Fuel Price, Risk Losing Operational License Amid Gov’t Threat

Oando, MRS, and some filling stations have began selling Premium Motor Sprirt (PMS) above N165, three weeks after the Federal Government threatened to revoke license of firms that hike fuel price. Prime Business Africa had reported last week that the Nigerian National

July 18, 2022

Business News·Oil & Gas

Oando Boss, Wale Tinubu, Says Business Suffering From Oil Theft, Reveal Losses

The Group Chief Executive Officer of Oando Plc, Wale Tinubu, said Nigeria’s Gross Domestic Product (GDP) is at risk of losing millions due to the crude oil barrels pumped by oil companies that are lost to sabotage and theft. Tinubu said the

July 7, 2022

Business News·Oil & Gas

Oando Likely To Delist From Stock Market, As Investors Move To Exit Troubled Oil & Gas Firm

Minority shareholders in Oando have filed a petition demanding for their shares to be acquired by the company or the majority investor in the firm, Ocean and Oil Development Partners Limited (OODP). OODP has 57.37% ownership of Oando, and has agreed to

June 23, 2022

Oil & Gas·News·Top Stories

Dirty Fuel: NNPC, Oando, MRS, Others To Face NASS Panel

Going by the posture of the House of Representatives Committee on Petroleum (Downstream) on the dirty fuel importation saga, entities fingered in the controversy will soon face the Hon. Abdullahi Mahmud Gaya-led committee. This comes barely a day after the Nigerian National

February 17, 2022

Finance & Economy·News

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