Company: Oando
Country: Nigeria
Sector: Oil Refining/Marketing
CEO: Adewale (Wale) Tinubu (Group Chief Executive Officer)
Website: Not publicly listed
Careers Page: Not publicly listed
LinkedIn: Not publicly listed
Email: Not publicly listed
Headquarters: Lagos, Nigeria
Founded: 1956 (originally established as Esso Africa)
Valuation/Revenue: $424.3m market value (African Business Top 250, 2025); company-reported market cap ~N115.1bn and enterprise value ~N520bn (year not specified in company disclosures)
Oando PLC is a Nigerian multinational energy company operating across the upstream, midstream and downstream oil and gas sectors, supplying roughly 7% of Nigeria’s fuel requirements through its trading division and operating a network of retail fuel outlets across Nigeria, Ghana, Benin and Togo. Led by Group Chief Executive Adewale Tinubu, the Lagos-headquartered company is listed on the Nigerian Exchange (NGX) and has expanded aggressively into upstream oil and gas production in recent years, most notably through its 2024 acquisition of Nigerian Agip Oil Company from Italy’s Eni.
What Does Oando Do?
Oando operates through three main divisions. Its upstream arm, Oando Energy Resources, is engaged in oil and gas exploration and production, with reported output around 43,000 barrels of oil equivalent per day. Its downstream division, encompassing OVH Energy and Oando Trading, handles fuel importation, trading and retail fuel marketing through more than 320 filling stations across Nigeria and neighbouring West African countries. A midstream division handles gas processing, distribution and related infrastructure. The group traces its roots back to 1956, when it was originally established as Esso Africa (an Exxon affiliate), before evolving through several ownership changes into the Nigerian-controlled energy major it is today.
How Big Is Oando?
Oando reports a market capitalisation of roughly N115.1 billion and an enterprise value of about N520 billion in company disclosures, though these Naira-denominated figures fluctuate significantly with the currency’s exchange rate. According to African Business magazine’s Top 250 Companies in Africa (2025), Oando had a market value of approximately $424.3 million, ranking 278th among Africa’s largest companies. The company’s scale expanded substantially following its 2024 acquisition of Nigerian Agip Oil Company (NAOC), which significantly increased its upstream production base and reserves.
Who Is the CEO of Oando?
Wale Tinubu (Adewale Tinubu) is Group Chief Executive Officer of Oando PLC, a role he has held for many years as one of Nigeria’s most prominent energy-sector executives and a co-founder of the company.
Is Oando Publicly Traded?
Yes. Oando PLC is listed on the Nigerian Exchange (NGX). Its shares were previously suspended from trading amid a regulatory investigation by Nigeria’s Securities and Exchange Commission into alleged corporate governance and financial-reporting infractions, before resuming trading in April 2018 once the issues were resolved.
Who Owns Oando?
Oando is publicly traded with a mixed shareholder base that has included Nigerian institutional and retail investors alongside international energy and private-equity investors; Helios Investment Partners and commodities trader Vitol Group have both been involved in joint ventures and financing arrangements with Oando’s upstream and downstream businesses over the years. Exact current shareholding percentages were not independently re-verified in this research session and should be confirmed via Oando’s latest annual report or NGX disclosures.
What Has Oando Been in the News For Recently?
Oando’s highest-profile recent transaction is the completion, in August 2024, of its acquisition of Nigerian Agip Oil Company (NAOC) from Italian energy major Eni — a deal that substantially expanded Oando’s upstream oil and gas production, reserves and operating footprint in Nigeria. The acquisition won multiple industry “Deal of the Year” awards in 2024 and 2025 and is widely viewed as a landmark transaction in Nigeria’s ongoing wave of divestments by international oil majors to Nigerian-owned independents, alongside similar moves by other Nigerian players acquiring assets from Shell, ExxonMobil and other majors.
How Does Oando Compare to Its Competitors?
Oando competes with other Nigerian-listed and Nigerian-owned energy companies such as Seplat Energy, Conoil, Eterna Plc, and MRS Oil Nigeria in the downstream and trading space, and with independent upstream operators in exploration and production. Its downstream retail network also competes with multinational-branded and independent filling-station chains across Nigeria and the wider West African region.
How Do I Contact or Apply for a Job at Oando?
No independently verified official website URL, careers page, LinkedIn company page or public contact email could be confirmed through live research in this session; readers should search “Oando PLC” directly on LinkedIn and major Nigerian job boards for current vacancies, and consult NGX filings for official investor-relations contact details.
Links
Website: Not publicly listed
Careers Page: Not found
LinkedIn: Not found
Email: Not publicly listed
FAQ
Q: Who is the CEO of Oando?
A: Adewale (Wale) Tinubu is Group Chief Executive Officer.
Q: Is Oando a legitimate, publicly traded company?
A: Yes, it is listed on the Nigerian Exchange (NGX), though its shares were suspended for a period before resuming trading in April 2018.
Q: What does Oando do?
A: It is an integrated Nigerian energy company operating in upstream oil and gas production, midstream gas processing, and downstream fuel trading and retail.
Q: How big is Oando?
A: African Business magazine’s Top 250 (2025) valued it at approximately $424.3 million; the company itself reports a market cap around N115.1 billion.
Q: What was Oando’s biggest recent deal?
A: Its August 2024 acquisition of Nigerian Agip Oil Company (NAOC) from Eni.
Q: Where is Oando headquartered?
A: Lagos, Nigeria.