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GTCO58.40+1.24%ZENITHBANK46.10-0.43%UBA32.85+0.92%ACCESSCORP22.30-1.10%FBNH28.70+0.35%STANBIC56.25+1.62%FCMB8.95-0.55%WEMABANK11.50+2.21%DANGCEM462.00+0.65%BUACEMENT95.40-0.22%WAPCO38.25+1.86%NESTLE1180.00-0.42%DANGSUGAR36.20+0.83%FLOURMILL64.55+1.49%UNILEVER18.45-1.07%NB35.60+2.45%GUINNESS64.10+0.16%SEPLAT5800.00+1.92%GTCO58.40+1.24%ZENITHBANK46.10-0.43%UBA32.85+0.92%ACCESSCORP22.30-1.10%FBNH28.70+0.35%STANBIC56.25+1.62%FCMB8.95-0.55%WEMABANK11.50+2.21%DANGCEM462.00+0.65%BUACEMENT95.40-0.22%WAPCO38.25+1.86%NESTLE1180.00-0.42%DANGSUGAR36.20+0.83%FLOURMILL64.55+1.49%UNILEVER18.45-1.07%NB35.60+2.45%GUINNESS64.10+0.16%SEPLAT5800.00+1.92%
Company Intelligence Terminal · Oil & Gas · Upstream E&P

OANDO · Oando Plc

Oando Plc

OANDO
NGXEquity · Ordinary SharesOil & GasUpstream E&P
78.50NGN+4.31%
Market cap ₦976.00B · as of 17 Jun 2026, 08:28
Ask about OANDO
Current price
78.50NGN
Open
75.62
Previous close
75.26
Today's range
75.17 – 78.72
52-week high
77.54
52-week low
67.45
Deals
553
Volume
9.2M
Value traded
₦722.2M
Market cap
₦976.00B
YTD performance
+4.31%

Company profile

Oando Plc is a leading oil & gas operator in Nigeria, with operations spanning multiple states and a track record across investment cycles.

CEO
Wale Tinubu
HQ
Lagos
Founded
1956
Employees
1,200
Sector
Oil & Gas
Sub-sector
Upstream E&P
Ticker
OANDO
Website
oando.ng
Beta
1.42
AI-generated summary

Oando Plc (OANDO) operates in Nigeria's oil & gas value chain with an estimated FY2024 revenue of ₦802bn and PAT of ₦95bn. Headline ROE is 9.8% and leverage sits at 0.50x debt-to-equity, mapping to a composite risk score of 50/100 (Elevated).

Bull case
  • Scale leadership within its oil & gas sub-sector with durable distribution moat.
  • Resilient ROE supports re-rating if rates ease in H2.
  • Capital-light reinvestment runway versus listed peers.
Bear case
  • FX volatility could compress imported-input margins.
  • Working-capital build-up in a 27.5% MPR environment.
  • Sector regulatory cadence could front-load compliance cost.

Key risks

  • Macro: persistent inflation > 25% pressuring real demand.
  • Sector-specific regulatory action and tariff resets.
  • Single-market concentration in Nigeria.

Recent developments

  • Board recommended final dividend at last AGM cycle.
  • Operational expansion announced in Lagos corridor.
  • Engagement with CBN on FX repatriation framework noted in latest filing.

Recent news

  • positiveProshare Markets· 09 Jun
    Oando Plc signs MoU with CBN on FX repatriation framework
  • neutralNGX Wire· 07 Jun
    OANDO crosses key technical level on rising volume
  • negativeProshare Research· 04 Jun
    Analysts trim OANDO FY26 EPS estimate by 4% on margin pressure
  • positiveBusinessDay· 01 Jun
    Oando Plc expands Lagos operations with NGN 19.5bn capex