OANDO - Oando Plc

Dec 8, 2023 at 14:32 Twitter · Facebook

OANDO share price on Nigerian Stock Exchange

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.

Oando Plc is listed on the Nigerian Stock Exchange (NGX) since February 24th, 1992. Oando is traded on the NGX under the ticker symbol “OANDO”. The International Securities Identification Number (ISIN) of NGX:OANDO is NGOANDO00002. Oando Plc is currently the 28th most valuable stock on the NGX with a market capitalization of NGN 129 billion, which makes about 0.329% of the Nigerian Stock Exchange equity market.

OANDO Stock Market Performance

The current share price of Oando Plc (OANDO) is NGN 10.35. OANDO closed its last trading day (Friday, December 8, 2023) at 10.35 NGN per share on the Nigerian Stock Exchange (NGX), recording a 0.5% gain over its previous closing price of 10.30 NGN. Oando began the year with a share price of 3.92 NGN and has since gained 164% on that price valuation, ranking it 30th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about OANDO knowing the stock has accrued 8% over the past four-week period—42nd best on NGX.

Oando is the eighth most traded stock on the Nigerian Stock Exchange over the past three months (Sep 11 - Dec 8, 2023). OANDO has traded a total volume of 1.14 billion shares—in 20,495 deals—valued at NGN 12.7 billion over the period, with an average of 18.1 million traded shares per session. A volume high of 143 million was achieved on September 13th, and a low of 1.19 million on October 30th, for the same period. The table below details the last 10 trading days of activity of Oando on the Nigerian Stock Exchange.

Profile of Oando Plc

Oando Plc was founded on August 25, 1969 and operates in the Oil & Gas sector, specifically, the Integrated Oil & Gas industry. Oando contracts an estimated total number of 137 employees. The company is led by Adewale J. Tinubu as its Group Chief Executive. The company's board of directors, chaired by HRM. Oba A. Gbadebo, is composed of 10 members whose names are listed below.

1. Gbadebo, Oba A. (HRM.)
   Chairman
2. Tinubu, Adewale J.
   Group Chief Executive
3. Boyo, O.
   Deputy Group Chief Executive
4. Adeyemo, Olufemi
   Group Chief Financial Officer
5. Osunsanya, B.
   Non-Executive Director
6. Akpata, Oghogho
   Non-Executive Director
7. Anthony, Sena (Chief)
   Non-Executive Director
8. Yakubu, Tanimu
   Non-Executive Director
9. Osakwe, Ike
   Non-Executive Director
10. Akinrele, Ademola
    Non-Executive Director

OANDO Industrial Market Competitors

Oando Plc, issuers of the OANDO stock on the Nigerian Stock Exchange, have seven market competitors who are also engaged in the Oil & Gas sector and/or Integrated Oil & Gas industry. The table below presents an overview of their market standing.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange