₦airaland Forum

Panadee:
Dividend abi bonus/scrip issue?

Both 😃 KM 150

mikeapollo:
That, I can not say for sure.
But if things go according to their plan, I can see Oando overcoming their debt challenges in about 3-5 years from now.
Just monitor the progress of the company.

Hope you gerrit 😀

thebargainhunte:
I only have little quantity of Oando right now, I sold at loss. I bought most of them above N70, doing my jijo as usual, but the whole thing hooked me for throat. I never recovered from the loss.

Dividend annoucement soon 📌

https://nairametrics.com/2026/03/02/opl-245-fg-splits-oil-block-for-eni-shell/

ENI Sold its 100% interest in Nigeria to Oando August 2024

yMcy56:
Full bid, no single drop yet....
The rejected stone....

A TOTAL OF 4,001,368,233 UNITS OF UNITY BANK PLC WERE DONE AS AN OFF-MARKET TRADE TODAY IN THREE DEALS. THE TRANSACTION WAS A NEGOTIATED DEAL BETWEEN CORDROS SECURITIES LIMITED AS SELLER AND PAC SECURITIES LTD AS BUYER.

As per @SaharaReporters news:

1. NNPCL JV with Renaissance (Former SPDC) is 55% : 45%

NNPCL to sell 25% of their 55% ownership to Sterling Global, making the revised JV to be:

NNPCL 30%
Renaissance 45%
Sterling 25%

2. NNPCL JV with Oando is 60% : 40%

NNPCL to sell 25% to Oando, making the revised ownership to be:

NNPCL 35%
Oando 65%

3. NNPCL JV with Seplat is 60% : 40%

NNPCL to sell 35% of its 60% share to a company owned by Chagoury making the revised ownership to be:

NNPCL 25%
Seplat 40%
X company 35%

Bagwa:
OANDO

OANDO

otokx:
Page not found

Summary of Oando PLC’s 46th Annual General Meeting Notice (August 11, 2025):

Date & Format:

Scheduled for Monday, August 11, 2025, at 10:00 am.

To be held virtually via https://www.oandoplc.com/meetings.

Ordinary Business:
Presentation of 2024 audited financial statements and related reports.

Re-appointment of BDO Professional Services as external auditors for 2026.

Re-election of three directors:

Mrs. Nana Fatima Mede, OON

Mrs. Ronke Sokefun

Dr. Ainojie Irune

Election of new directors:

Mr. Cosmas Iwueze (from December 16, 2024)

Ms. Ayotola Jagun (from May 20, 2025)

Election of members to the Statutory Audit Committee.

Disclosure of management remuneration.

Special Business:
Directors’ Remuneration:

Approval of Non-Executive Directors’ pay.

Related Party Transactions Mandate:

Authorization for the company to transact with related parties under standard commercial terms.

Capital Raise and Restructuring:

Authorization to raise up to ₦500 billion (or foreign equivalent) via shares, debt, or other instruments.

Conversion of up to US$300 million RBL debt into equity.

Establishment of a US$1.5 billion multi-instrument issuance programme.

Acceptance of oversubscription funds.

Board empowered to execute necessary agreements for the above.

Share Capital Adjustment:

Approval to increase share capital as required for fundraising.

Authorization to cancel unallotted shares if necessary.

Company Constitution Amendment:

Update Memorandum and Articles of Association to reflect new issued share capital post-capital raise.

Administrative Notes:
Accreditation starts August 8, 2025.

Shareholders can appoint proxies (except related parties, who must abstain from voting on related resolutions).

Closure of members' register: July 28–30, 2025.

Audit Committee nominations must be submitted at least 21 days before the AGM.

Shareholders can submit questions in advance.

2024 Annual Report is available online.

Information on unclaimed dividends and director profiles available via company’s website.

yMcy56:
OANDO
358.7M single cross deal @53.50
That's around 20bn....

May be they got buyer for 2nd trench bonus so that they can give cash instead of shares

thebargainhunte:
When is Oando going to distribute our shares to us?? This is June already and the second batch of share distribution will commence this month.
Results we no see
Share distribution...

Update on Share Distribution.
Following Oando PLC's press release dated February 5, 2025, shareholders are entitled to receive 1 new ordinary share (50 kobo) for every 12 shares held as of the Tranche 1 Qualification Date. The Registrars are currently working closely with the NGX, SEC, and CSCS to facilitate the distribution of the first tranche. Please be assured that all shareholders listed on the register of members as of February 14, 2025, will receive their corresponding share allocations in due course.

Bagwa:
https://punchng.com/afreximbanks-subsidiary-onboards-oando-as-strategic-partner/?amp

Oando’s Moment: From Doubt to Determination



By Tanimu Yakubu



For years, Oando PLC has been the subject of public scrutiny and investor anxiety, navigating storms ranging from oil price volatility to regulatory disputes. Yet today, the company stands at an inflection point—one that could redefine its future and, just as importantly, silence the doubting Thomases.



Recent headlines surrounding Oando’s selection as the Government of Trinidad and Tobago’s preferred bidder for the lease of the Pointe-a-Pierre refinery raised eyebrows. Critics were quick to latch onto the term “accounting insolvency”—a technical classification that suggests a company’s liabilities exceed its assets. But a closer examination of the situation, particularly in the broader context of Oando’s strategic repositioning, offers a much more reassuring picture for shareholders and observers alike.



Let’s begin with the facts. In 2023 and 2024, Oando reported back-to-back profits—N60 billion and N65.5 billion respectively. This recovery follows a challenging stretch marked by multiple years of losses, and it didn’t happen by accident. Improved operational efficiency, disciplined cost management, and restructuring efforts have all contributed to this turnaround. While balance sheet pressure remains, these profits signal a shift in momentum and growing financial resilience.



Now, enter the Pointe-a-Pierre refinery. This is not just a symbolic win—it’s a strategic one. The refinery, if fully restarted, positions Oando as a significant downstream player in the Caribbean energy landscape. It offers geographical diversification, potential new revenue streams, and a rare foothold in a region where African energy companies have traditionally had little presence.



Understandably, the cost of restarting the refinery—estimated at over TT$1 billion—is daunting. But this is where the Government’s due diligence process matters. The selection was made following independent international advisory reviews and a Cabinet-level approval process. Furthermore, the ongoing negotiations with Trinidad Petroleum Holdings Limited (TPHL) suggest a structured and cautious approach. The risk is being managed—not ignored.



But the refinery deal isn’t the only card in Oando’s hand.



In 2023, Oando announced the landmark acquisition of a 100% stake in Nigerian Agip Oil Company (NAOC) Limited from Eni. This transaction has the potential to transform Oando’s upstream portfolio. NAOC’s assets include equity production from several oil mining leases (OMLs), stakes in key infrastructure like the Trans Niger Pipeline and the Okpai Power Plant, and a historically robust production base. This acquisition positions Oando to significantly increase its daily output, reduce operating costs per barrel, and regain stature as a major player in Nigeria’s upstream sector.



Oando’s acquisition of NAOC’s assets represents not just a strategic business expansion—but a textbook case of structured finance, often misread by surface-level analysis. The company deployed short-term leverage—estimated at around $750 million through a bridge or short-tenor facility—to finance the acquisition of assets conservatively valued at $2 billion. On the face of it, this is an accretive transaction, with significant embedded value.



The design of this transaction is fundamentally sound. The acquired assets are cash-flow generative from day one and have been ring-fenced to service the facility. This approach—where acquisition financing is directly serviced by the revenue streams of the acquired asset—is a standard in structured acquisition finance. It is a controlled, risk-allocated transaction model used in global M&A practice, particularly in capital-intensive sectors like energy.



Yet, predictably, critics are quick to point fingers: some suggest Oando is facing a liquidity crisis, others speculate on insolvency, and a few insist on immediate equity recapitalization. These criticisms, while common in public discourse, miss a key point—those who provided the capital, the financiers, undertook the actual underwriting risk. These are institutions with fiduciary mandates, robust risk frameworks, and capital at risk. Their due diligence, not public commentary, is the credible benchmark.



Indeed, the acquired assets underwent rigorous scrutiny by lenders and advisors. They passed every major threshold: solvency, liquidity, debt service coverage, and going concern. The financiers didn’t just approve a facility—they backed an acquisition whose balance sheet and cash flow impact met their internal credit risk and capital adequacy criteria.



Moreover, these assets have not only paid for themselves in debt servicing terms—they have improved Oando’s market position and future earnings outlook. Post-acquisition, Oando is more vertically integrated, holds more upstream control, and commands a stronger portfolio that enhances its appeal to both creditors and equity investors. This is not financial stress—it is financial engineering with a clearly defined exit strategy.



Critically, Oando’s approach mirrors a phased refinancing plan: secure the asset using short-tenor debt, consolidate and extract operational synergies, and then refinance with a blend of longer-term instruments—possibly including equity, convertible debt, or corporate bonds—under better terms and at improved credit standing. This is what any CFO or structured finance team would design under similar macroeconomic and asset market conditions.



This isn’t a company gambling on leverage. It’s a company using structured debt as a bridge to strategic growth—deploying acquisition finance intelligently in a resource-rich, capital-constrained environment. To interpret such a move as recklessness is to misunderstand the fundamentals of structured corporate finance.

So where does this leave shareholders?

Cautious optimism is the most prudent stance. Yes, the company still carries a heavy debt burden. Yes, it must demonstrate that recent profits are not a fluke but a trend. But the signs are promising. The NAOC acquisition deepens Oando’s core, the refinery deal extends its reach, and profitability signals internal discipline.



There’s still work to be done—particularly in refinancing liabilities—but the narrative has changed. Oando is no longer defined by its challenges; it is increasingly defined by how it’s confronting them.


For those who held on through the turbulence, this could be the start of the return. And for those still watching from the sidelines, the company may soon offer proof that a turnaround isn’t just possible—it’s underway.


Mr. Yakubu was an investment banker and until recently an independent non-executive director at Oando Plc.

MTN Lost 400B PAT

TRINIDAD AND TOBAGO HAS AWARDED NIGERIAN FIRM OANDO A LEASE CONTRACT TO OPERATE 175,000-BPD POINT A PIERRE REFINERY, ENERGY MIN SAYS

https://www.youtube.com/watch?v=KBhh0-jslZk?si=qJS_K_SkYBe26yOj

designking:


Wale is not set yet... I want to buy another 200k Oando shares before the announcement. Bought 10k more today.

You may be late 😅

Tpharell:
Does anyone here have an idea if the Oando board meeting held and what the decisions/outcome are?

Outcome soon 😀 200>

Tpharell:
If the board meeting held as scheduled the resolutions should be on the NGX by now

Keep refreshing Ngx website 😀

KarlTom:
ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. +0.15%

You will soon hear from Wale ASAP

Huge is coming Feb , June 😃

Honeyflour

Bagwa:
Oando may pay cash equivalent to share to disturbe 😁 😁

😁

New oando 😄

OANDO PLC- NOTICES OF BOARD MEETING (BM) - NOTICE

Oando Finally

https://doclib.ngxgroup.com/Financial_NewsDocs/42923_OANDO_PLC-OANDO_PLC-_PRESS_RELEASE__CORPORATE_ACTIONS_JANUARY_2025.pdf

GeeKudi:
They are not new shares but existing shares of the company.

Are they going to crash price so that they can be able to buy back the shares? It doesn't seem practicable at all.

Buy oando if you don't have 😃

Sunrisepebble:
May God truly help Wale.
Why is this a better idea than the Share distribution, why are they walking back on it

Issuing more shares dilutes value

GeeKudi:
Where will the money come from? What will then happen to those shares? Who takes them?

Time will tell 😅

Oando may pay cash equivalent to share to disturbe 😁 😁