Oando Plc, a Nigerian oil company owned by Wale Tinubu, nephew of President Bola Ahmed Tinubu, has advanced as one of three finalists to acquire Trinidad and Tobago's state-owned Petrotrin refinery.

The Refinery, located in Pointe-à-Pierre, Trinidad and Tobago, is a vital energy asset in the Caribbean. It was established over a century ago and historically has been the cornerstone of ...

Oando PLC, Nigeria's leading indigenous energy group, has emerged as the preferred bidder for the lease of the Guaracara Refining Company Limited (GRC)'s refinery assets from Trinidad Petroleum ...

According to him, the bidding process began in February 2024, when the government of Trinidad and Tobago enlisted the services of U.S.-based Scotia Capital to oversee the refinery’s procurement ...

In its downstream trading business, Oando Trading reported six (6) crude oil cargos (5.96 MMbbl) traded in Q1 2025, up from four (4) cargos (4.86 MMbbl) in Q1 2024, driven by stronger offtake ...

In a statement on Tuesday, Afreximbank explained that Oando’s paydown of the original $525m facility, secured in 2019, to $100m in 2024, created the headroom for refinancing.

Oando is just one of many Nigerian companies threatened by oil lower prices. (REUTERS/Afolabi Sotunde) After years of financial turmoil, asset sales, and mounting debt, Oando is making bold moves — ...

Oando Plc has reported a revenue growth of N933 billion in the first quarter ended March 31, 2025, supported by higher upstream volumes and FX revaluation gains. The Company’s Q1 results ...

04 Nov 2024 (Johannesburg Stock Exchange) Oando PLC, a prominent Nigerian energy group listed on both the Nigerian Exchange Limited and the Johannesburg Stock Exchange, released its unaudited ...

Oando (www.OandoPLC.com), one of Africa’s leading indigenous energy solutions providers, has ended the first quarter of the year on a high with the publication of ₦933 billion revenue in its Q1 2025 ...