Nigerian businessman Wale Tinubu's Oando swings back to profit as production jumps 32%
Wale Tinubu's Oando swung to a 204.8 billion naira profit for 2025 as production rose 32%, and the company targets higher output in 2026.
Wale Tinubu
Wale Tinubu's Oando sets June 12 date for 2025 audited results after months of delays
Oando has announced June 12 as the release date for its 2025 audited financial statements, months after missing the March 31 regulatory deadline due to post-NAOC acquisition systems integration.
Nigerian oil tycoon Wale Tinubu says Africa must stop begging for foreign capital and fund its own energy future
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 is raising $750 million for a 100-well drilling push that CEO Wale Tinubu says could triple the company's oil output
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.
Wale Tinubu's Oando launches second tranche of 1.28bn share dividend plan
Oando approves over 600 million shares in second tranche of its 1.28 billion share dividend programme for investors
Wale Tinubu’s Oando grows profit 10 percent as upstream output jumps in 2025
Oando Plc posted a stronger profit in 2025 as rising oil and gas output offset lower revenue from trading shifts and strategic portfolio realignment.
Nigerian oilman Wale Tinubu predicts electric vehicles could make up half of country’s fleet within 20 years
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 $9,000 bet that became $300 million
Nigerian energy mogul Wale Tinubu recounts how a $9,000 bet grew into a $300 million gas company over decades.
Oil tycoon Wale Tinubu salutes Otedola, Elumelu deals reshaping Nigeria’s energy sector
Wale Tinubu’s post praising Otedola and Elumelu spotlights two late 2025 megadeals and a fast changing pecking order in energy.
Nigerian oil mogul Wale Tinubu’s Oando turns to mining with lithium exploration in Kebbi
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.
Nigerian oil mogul Wale Tinubu’s Oando reports $145 million 9-month profit
Oando posts $145 million profit in 9 months as production rises and NAOC acquisition boosts output.
Oando, led by oil mogul Wale Tinubu, faces creditor pressure over unpaid debt
Oando, led by Wale Tinubu, faces pressure as Irad Investment demands payment of long-overdue debts for completed energy projects.
Nigerian oilman Wale Tinubu gets lifetime award at Africa Energy Week as local champions gain spotlight
Oando chief Wale Tinubu was honored with a lifetime achievement award at Africa Energy Week for shaping indigenous energy growth.
Oando, led by oil mogul Wale Tinubu, distributes 679 million shares to investors
Oando, led by Wale Tinubu, issues 679 million bonus shares, rewarding investors with 8.3% amid Nigeria’s oil market challenges.
Nigerian oil mogul Wale Tinubu's Oando approves $1.5 billion funding plan
The funding plan allows Oando to issue bonds, certificates, and other securities in phases, subject to regulatory clearance.
Nigerian oil mogul Wale Tinubu’s Oando reports $1.12 billion in half-year revenue
The company also posted a net profit of $41.3 million, boosted by a tax credit and a recovery from earlier losses tied to asset impairments.