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Buy Oando stocks

Oando (NGX: OANDO) Stocks

What is Oando Plc

Oando Plc is a Nigeria-based integrated energy solutions provider. Oando Plc operates through four segments: Exploration and production, Supply and Trading, Gas and Power, and Corporate and others.

Oando Plc trades in crude refined and unrefined petroleum products and is the largest of its kind energy solutions provider in Nigeria with onshore and offshore oil and gas exploration operations throughout Africa.

Separate segments are responsible for storing, hauling and distributing petroleum and gas products, providing logistics and additional services and managing aviation activities.


Oando Plc (formerly Unipetrol Nigeria Plc) is a Nigerian company engaged in the exploration, production, marketing, supply, and general energy services. The company, which was registered as a result of the acquisition of Esso Africa Incorporated by the Federal Government of Nigeria, was partially privatized in 1991 and fully privatized in the year 2000, following the disposal of the 40% shareholding of the Nigerian government to Ocean and Oil Investments Limited and the general public. In December 2002, the company merged with Agip Nigeria Plc following its acquisition of 60% of Agip Petrol’s stake in Agip Nigeria Plc. Oando is listed on the Nigerian Stock Exchange and the the Johannesburg Stock Exchange. The company’s subsidiary, Oando Energy Resources Inc, is its main vehicle for all oil exploration and production activities.

The history of Oando Plc can be traced back to 1956 when the company was established as Unipetrol Nigeria Plc, but its name was changed to Oando Plc in 2003. Oando Plc is a subsidiary of Ocean and Oil Development Partners Limited. It was listed in February 1992.

Today, Oando Plc has a diversified portfolio in more sectors of the Oil & Gas value chain and renders the following services: 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. Through Gaslink Nigeria Limited and Central Horizon Gas Company, Oando Plc also supplies power to industrial customers.

Oando Plc’s equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol OANDO.

Oando Plc has more than 140 employees and currently serves clients in Nigeria, Sao Tome and Principe.

Oando Plc has its headquarters at The Wings Complex, 17a Ozumba Mbadiwe, Victoria Island, Lagos,

Nigeria. The current Group Chief Executive of Oando Plc is Jubril Adewale Tinubu.

Oando Plc forms part of the Oil & Gas Operations Industry and the Oil & Gas Sector.


Oando Plc Stock Performance

The current price for Oando Plc stocks is 4.86 Nigerian Naira (NGN). The company has a total market capitalisation of 60.4 Billion NGN with a P/E ratio of 1.92 and earnings per share of 2.53 NGN. A total of 12.4 Billion shares are outstanding.

With an increase of earnings per share and consistent profits over a period, investors who want to buy or sell Oando Plc stocks can be assured of lucrative 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 2022

Oando Plc started the year with a share price of 3.70 NGN, and it has gained 31.4 % in value on its price valuation, ranking 36th on the NGX where year-to-date performance is concerned.

Oando Plc is currently the 29th most-traded stock on the NGX and it has experienced a total trading volume of more than 155 million shares, which were finalized in 5,766 deals and were valued at a total of 743 million NGN over three months, with an average of 2.46 million shares in each trading session.

The highest volume shares traded on one single day was 16.1 million, achieved on 30 August.


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’ participation daily. To buy, sell or trade Oando Plc stocks, 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. You are now ready to make your first share purchase through the broker.
  6. You can further start to build and diversify your portfolio by buying more shares.


What is the NGX?

The Nigerian Stock Exchange (NGX), officially known as the Nigerian Exchange Group, comprises leading integrated market infrastructure in Africa that is servicing the Nigerian economy – the continent’s largest. The NGX provides capital access to companies that are seeking to gain the support of the financial markets to fund their business expansion.

Similarly, NGX offers its pool of domestic, regional, and international investors an assortment of regulated securities to in turn achieve their investment objectives.

Since March 2022, the former Nigerian Stock Exchange was demutualised from a member-owned not-for-profit entity into a shareholder-owned, profit making entity called the Nigerian Exchange Group Plc.


On which stock exchange does Oando Plc have shares for sale?

Oando Plc trades its equity on the Nigerian Stock Exchange (NGX) under the stock symbol OANDO.


What type of company is Oando Plc?

Oando Plc is a Nigeria-based integrated energy solutions that trades in crude refined and unrefined petroleum products.


In which industry and sector does Oando Plc operate?

Oando Plc forms part of the Oil & Gas Operations Industry and the Oil & Gas Sector.


What is the price of Oando Plc shares today?

At the time of writing, the current price of Oando Plc shares was 4.86 NGN.


Is Oando Plc a good investment?

Yes, Oando Plc’s forecast indicates further growth and improvement in the second half of 2022, with investors expecting lucrative dividends and returns with increased financial performance.


What is the risk analysis for Oando Plc?

Oando Plc experienced growth of 47.27 % in the value of its stocks over the past year.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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