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Oando CEO Wale Tinubu told Reuters Africa must stop depending on foreign capital and build its own financing mechanisms as Oando prepares a $750 million drilling campaign.
Oando Group CEO Wale Tinubu sparked debate by saying he would fire a loyal but stagnant employee rather than one who makes mistakes but keeps growing.
Wale Tinubu’s post praising Otedola and Elumelu spotlights two late 2025 megadeals and a fast changing pecking order in energy.
Oando, led by Wale Tinubu, issues 679 million bonus shares, rewarding investors with 8.3% amid Nigeria’s oil market challenges.
The funding plan allows Oando to issue bonds, certificates, and other securities in phases, subject to regulatory clearance.
Oando to build $1.2 billion solar panel factory with Africa’s first recycling line, expand drilling, and raise $327.5 million for clean energy growth.
Oando achieves strong financial performance, driven by cost management and improved operations.