Nigeria & Oando

Nigeria: Oando's strong performance, along with that of Seplat and Aradel, underscores the growing capability of indigenous operators in Nigeria's upstream sector, positively reflecting on the country's energy industry and investment climate.

Oando: Oando reported a N204.8 billion profit, a 32% production increase, and strong cash generation, marking a successful transition from acquisition to operational execution. The company's improved financial flexibility and ambitious 2026 guidance position it for continued growth.

Nigeria: The recovery strengthens Nigeria's revenue collection and governance in the oil sector, though it also highlights systemic compliance issues.

Oando: Oando Oil Limited was summoned to appear before the Senate committee regarding outstanding queries.

Nigeria: The event highlights the resilience of Nigerian companies, reflecting positively on the national economy.

Oando: Recognized for investing in energy infrastructure, supporting national energy goals.

Nigeria: Nigeria rejoined the World Energy Council, gaining a platform to shape global energy policy and attract investment. This strengthens its position in international energy discussions and supports its domestic energy reforms.

Oando: Oando is represented on the WEC Nigeria board by Ainojie Irune, Executive Director. The company may benefit from increased networking and policy influence in the energy sector.

Oando: Oando reported a 10% increase in profit after tax to N241.3 billion in 2025, driven by a 32% increase in upstream production and strategic shifts in its trading business. The company also launched a 36-well development program to boost future production.

Oando: Oando is cited by Atiku Abubakar as an example of a successful privatization under his tenure, demonstrating the positive outcomes of his economic reforms.

Oando: Rabiu Abdullahi Umar previously held senior leadership roles at Oando, contributing to his extensive experience in the downstream petroleum sector.