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Oando CEO Wale Tinubu told Reuters the company is raising up to $750 million for a 100-well drilling campaign that could boost production by 300%, with the Iran war lifting investor appetite for West African crude.
Oando PLC has signed a production sharing contract for Angola's Block KON-13, marking the Nigerian energy group's first move into the Angolan upstream oil market.
Oando approves over 600 million shares in second tranche of its 1.28 billion share dividend programme for investors
Oando Plc posted a stronger profit in 2025 as rising oil and gas output offset lower revenue from trading shifts and strategic portfolio realignment.
Oando chief Wale Tinubu predicts electric vehicles could reach half of Nigeria’s fleet within 20 years as costs drop.
Nigerian energy mogul Wale Tinubu recounts how a $9,000 bet grew into a $300 million gas company over decades.
Wale Tinubu’s Oando Plc is expanding beyond oil, launching Oando Mining to explore lithium in Kebbi and other key minerals for Nigeria’s clean energy future.
Oando blames a $450 million revenue fall on Dangote’s $20 billion refinery as it shifts focus to crude and gas trading.
Oando posts $145 million profit in 9 months as production rises and NAOC acquisition boosts output.
Oando, led by Wale Tinubu, faces pressure as Irad Investment demands payment of long-overdue debts for completed energy projects.
Oando chief Wale Tinubu was honored with a lifetime achievement award at Africa Energy Week for shaping indigenous energy growth.
Oando seeks $327 million via equity and debt as Wale Tinubu steers a capital restructuring to fund growth and ease liabilities.
This is expected to fund Oando’s plans to ramp up production to 100,000 barrels of oil and 1.5 billion cubic feet of gas per day by 2029.
Oando kicks off 2025 with a 90.51% profit surge to $70 million, powered by finance income, tax gains, and strong E&P performance.
Oando's 2024 profit hit $139 million, up 267%, fueled by the NAOC deal, rising production, and improved upstream performance.
To prevent further incidents, Oando has initiated the sectional replacement of aging pipelines.