APO Group - Africa Newsroom / Press Release

Source: Oando PLC | Oct 30, 2025

Oando Records 164% Increase in Financials: Posts ₦210bn Profit in Nine Months

Oando upsized its Reserve-Based Lending (RBL 2) facility to $375 million, strengthening its financial flexibility and supporting the accelerated development of its 1 billion barrels of oil equivalent (boe) upstream portfolio

Oando PLC (https://OandoPLC.com/), Nigeria’s leading indigenous energy group listed on both the Nigerian Exchange and Johannesburg Stock Exchange, has announced its unaudited results for the nine months ended September 30, 2025, reflecting production growth, and disciplined execution. The Group delivered a Profit After Tax of ₦210 billion, a 164% increase…

Source: Oando PLC | Oct 03, 2025

Wale Tinubu, Group Chief Executive, Oando PLC, Receives Lifetime Achievement Award at African Energy Week 2025

Tinubu’s recognition was a fitting and well-deserved tribute to a leader who has consistently inspired others to believe in the promise of Africa and the power of its people

Wale Tinubu CON, Group Chief Executive, Oando PLC (https://OandoPLC.com/), has been awarded the prestigious Lifetime Achievement Award at African Energy Week (AEW) 2025, in recognition of his unwavering commitment to building Oando into one of Africa’s foremost integrated energy companies. The award, one of the most coveted accolades at AEW,…

Source: Oando PLC | Aug 01, 2025

Oando Achieves 63% Production Growth, Posts ₦1.72 Trillion Revenue in H1 2025

Additional highlights in the first half of the year include the company securing operatorship of Block KON 13 in Angola, marking its strategic entry into the Kwanza Basin and a significant step in expanding its upstream footprint Africa

Oando (www.OandoPLC.com), Africa’s leading indigenous energy solutions provider has published its unaudited results for the six months ended 30 June 2025. The company’s upstream business recorded strong production performance with a 63% year-on-year growth averaging 37,012 boepd in H1 2025. This includes crude oil production up 77% to 10,479 bopd,…

Source: Oando PLC | Jun 26, 2025

Oando Posts 172% Growth in Gross Profit in Q1 2025 Financial Report as Crude Oil Production Increases 132%

This critical financing will significantly improve the Company’s ability to achieve its production target of 100,000 barrels of oil per day (bopd) and 1.5 billion cubic feet (Bcf) of gas per day by the end of 2029

Oando (www.OandoPLC.com), one of Africa’s leading indigenous energy solutions providers, has ended the first quarter of the year on a high with the publication of ₦933 billion revenue in its Q1 2025 unaudited results. This performance comes in the wake of its recent release of its 2024 FY Audited Financial…

Source: Oando PLC | Jun 05, 2025

Oando Deepens Upstream Investment With $375m Financing Deal

This successful refinancing underscores the confidence of leading financial institutions in Oando’s strategic direction and its ability to capitalize on its expanded asset base

Oando PLC (www.OandoPLC.com), Nigeria’s leading indigenous energy solutions company with primary and secondary listings on the Nigerian and Johannesburg Stock Exchanges, today announced the successful upsizing of its Reserve Based Lending (RBL2) facility to $375 million. The refinancing, led by the African Export-Import Bank (Afreximbank) with the support of Mercuria,…

Source: Oando PLC | Jun 04, 2025

Oando Profit-After-Tax up 267% to N220 billion in FY2024 Audited Results

The company also reported a sustained operational uptime of 86%, supporting off-take reliability and reducing deferred production

Oando PLC (www.OandoPLC.com), Africa’s leading integrated energy company listed on both the Nigerian Exchange Group (NGX) and Johannesburg Stock Exchange (JSE), posted robust Audited Full Year (FY) 2024 financial results with a 44% increase in revenue to N4.1trillion compared to N2.9 trillion in FY 2023. In the upstream, Oando’s production…

Source: Oando PLC | Feb 06, 2025

Oando to Distribute over 1Billion Additional Shares to Shareholders

This positive news for Oando shareholders directly increases minority shareholders' ownership stakes by one (1) new ordinary share of 50 kobo each for every twelve (12) existing ordinary shares of 50 kobo held by the shareholders without dilution

Oando (www.OandoPLC.com) is rewarding its shareholders by giving them an incredible 1.28 billion additional shares in the form of stock dividend. This means shareholders will get more shares added to their investment portfolio at no extra cost. The sheer size of the offering, with 1.28 billion shares distributed, makes it the…

Source: Oando PLC | Feb 01, 2025

Oando Publishes N4.1 Trillion Revenue and N65.5 Billion Profit-After-Tax in Full Year (FY) 2024 Results

The announcement brings the company up to date on its financial reporting, successfully meeting all regulatory requirements

Oando PLC (www.OandoPLC.com), Africa’s leading integrated energy company listed on both the Nigerian Exchange Grpup (NGX) and Johannesburg Stock Exchange (JSE), announced a strong financial performance for the Full Year (FY) 2024 with a 45% growth in revenue to N4.1 Trillion compared to N2.9 Trillion in FY 2023 results. The…

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- Group Chief Executive, Oando PLC, Wale Tinubu, CON, receives the ‘Deal of the Year’ Award, for Oando’s landmark Nigerian Agip Oil Company (NAOC) acquisition from Italian energy company, Eni, presented here by former President and CEO, Africa Oil Corp, Keith Hill, at the Africa Energy Week Awards 2024 in Cape Town, South Africa
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Source: Oando PLC | Nov 07, 2024

Oando Wins ‘Deal of the Year’ Award at Africa Energy Week 2024

Oando won the award in recognition of the Company’s recently completed landmark $783 million acquisition of the Nigerian Agip Oil Company (NAOC) from the Italian Energy firm Eni on August 22, 2024

Oando PLC (“Oando” or the “Company”) (www.OandoPLC.com) Africa’s leading energy solutions provider listed on the Nigerian Stock Exchange (NGX) and Johannesburg Stock Exchange (JSE) is pleased to announce that the Company has emerged winner of the ‘Deal of the Year’ award at Africa Energy Week (AEW) 2024. The Africa Energy…