Oando Plc’s share price closed at ₦51.80 on July 22, 2025, marking a 3.6% gain from the previous day. Still, the stock is down 21.5% year-to-date from its peak of ₦66.00. Trading volume stood at 7.4 million shares, with turnover of ₦376 million.

Under the leadership of Group Chief Executive, Wale Tinubu, Oando delivered a robust Q1 2025 performance: gross profit rose 172% to ₦85 billion, revenue hit ₦933 billion, and profit after tax climbed to ₦113.1 billion. Oil production also surged to 37,595 boepd, a 72% year-on-year increase.

Looking ahead, Wale Tinubu is steering the company through a major capital restructuring. At its August 11 AGM, Oando will seek shareholder approval to raise ₦500 billion by issuing up to 10 billion new shares and converting $300 million in debt to equity. A $1.5 billion multi-instrument funding programme is also planned to support expansion.

These bold steps are aimed at boosting Oando’s financial strength and driving regional growth in Nigeria, Angola, and Trinidad. Analysts, however, stress that execution and shareholder backing at the AGM will be key to sustaining the momentum.