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Oando Plc (NGX: OANDO) Share Price

Nigel Firth
Nigel Frith trader
Updated 20 May 2024

Oando Plc

Oando Plc is a Nigeria-based integrated energy company listed on the Nigerian Stock Exchange (NGX).

Oando Plc trades in crude refined and unrefined petroleum products and is Nigeria's largest provider of energy solutions, with onshore and offshore oil and gas exploration operations across Africa.

Overview of Oando Plc

Today, Oando Plc’s portfolio of products and services are diversified in more sectors of the Oil & Gas value chain and include the following: exploration for and production of oil and gas in oil blocks on the Nigerian continental shelf and deep offshore, trading of refined and unrefined petroleum products and distribution of natural gas through its subsidiaries, Gaslink Nigeria Limited and Central Horizon Gas Company. Oando Plc also supplies power to industrial customers. The company's subsidiary, Oando Energy Resources Inc, is its main vehicle for all oil exploration and production activities.

The history of Oando Plc goes back to 1956 when it was established as Unipetrol Nigeria Plc but changed its name to Oando Plc in 2003. Oando Plc is a subsidiary of Ocean and Oil Development Partners Limited and was listed in February 1992.

Oando Plc has its head offices at The Wings Complex, 17a Ozumba Mbadiwe, Victoria Island, Lagos, Nigeria.

Oando Plc has a staff complement of more than 140 employees.

The company renders its services in Nigeria, Sao Tome and Principe.

The current CEO or managing director of Oando Plc is Jubril Adewale Tinubu.

Oando Plc's equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol OANDO. Oando is also listed on the Johannesburg Stock Exchange.

Oando Plc forms part of the Oil & Gas Operations Industry and the Oil & Gas Sector of the Nigerian Stock Exchange (NGX).

Oando Plc Stock Performance

The current price for Oando Plc stocks on the Nigerian Stock Exchange (NGX) is 4.75 Nigerian Naira (NGN).

An analysis of financial data of Oando Plc showed that the company has a total market capitalisation of 60.4 Billion NGN, with a Price/Earnings ratio of 1.92 and earnings per share of 2.53 NGN. The number of shares outstanding is 12.4 Billion.

OANDO stock has accrued 9% over the past four-week period, 30th best on NGX.

With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell Oando Plc stocks can look forward to more profitable dividends and earnings in times to come.

According to an analysis on the live chart of Oando Plc, analysts forecast further improved performance for the Oil & Gas sector with market share growing as trading volumes increase.


Highlights of Oando Plc in 2021/2022

Oando Plc started the current financial year (2021) with a share price of 4.42 Nigerian Naira (NGN) on the Nigerian Stock Exchange (NGX), and it has gained 7.47 % in value on its price valuation, ranking 32nd on the NGX with its year-to-date performance.

Oando Plc is currently the 39th most-traded stock on the NGX and it has experienced a total trading volume of more than 106 million shares, which were finalised in 4,097 deals and were valued at a total of 514 million Nigerian Naira (NGN) over the recent three month period from October 2021 to January 2022, with an average of 1.69 million shares in each trading session.

During the same period a volume high of 8.82 million was achieved on November 23 and a low of 149,054 on December 16.

How to buy Oando Plc stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders participating daily. To buy, sell or trade Oando Plc stocks on the Nigerian Stock Exchange (NGX), traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “OANDO”.
  2. Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
  3. Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. Once your account has been activated, you are ready to make your first share purchase through the broker.
  6. From here you can start to build and diversify your portfolio by buying more shares.


The Nigerian Stock Exchange (NGX) (officially the Nigerian Exchange Group) is a leading integrated market organisation in Africa servicing the continent’s largest economy, that of Nigeria. The Exchange provides capital access to companies that seek to take advantage of the financial markets to fund their business expansion. The NGX also provides its collection of domestic, regional, and international investors with an array of regulated securities to achieve their investment objectives.

The NGX publishes the benchmark, value-weighted All-Share Index (ASI), formulated in January 1984 with a base value of 100 and which tracks the general market movement of all listed equities on the Exchange.

The NGX30 and NGX50 are additional indices that track the top 30 and 50 companies in terms of market capitalization and liquidity respectively. Only fully paid-up common shares weighted by adjusted market capitalization are admitted to these indices.

Nigel Firth
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.