Oando PLC- Top50 Brands 2025
Oando Plc
Year of Establishment | 1956; rebranded to Oando Plc in 2003 |
Website | |
Headquarters | The Wings Office Complex, 17a Ozumba Mbadiwe Avenue, Victoria Island, Lagos, Nigeria |
MD / CEO | Adewale “Wale” Tinubu |
Number of Branches / Operations Presence | 320 retail outlets across Nigeria, Ghana, Benin, and Togo under OVH Energy |
Areas of Interest | Fully integrated energy operations: upstream (exploration & production), midstream (gas infrastructure), downstream (fuel marketing, trading), oilfield services, power generation, terminals, and clean energy |
Countries of Operation | Primarily Nigeria; international presence in Ghana, Benin, Togo, London, Dubai, São Tomé & Príncipe, Angola, Trinidad & Tobago |
Annual Turnover | 2024 (post-NAOC acquisition): revenue rose to ₦4.1 trillion |
Number of Staff | 998 employees as of December 31, 2024 |
Marketing Budget | Not publicly available |
Contact Address | Head Office: The Wings Office Complex, 17a Ozumba Mbadiwe Avenue, Victoria Island, Lagos; Tel: +234‑1‑2702400 |
Flagship Product | |
Best Known As | A leading indigenous energy conglomerate in Nigeria with integrated operations across upstream, midstream, and downstream sectors, known for major acquisitions like NAOC and its OVH retail network |
Oando Plc has consistently maintained its position as one of Nigeria’s most valuable and influential energy and petroleum brands, a status reaffirmed by its integrated operations across upstream, midstream, and downstream sectors, robust financial performance, and strategic contributions to Nigeria’s energy industry.
Founded in 1956 as African Petroleum, Oando Plc evolved into a fully integrated energy company, becoming one of Nigeria’s largest indigenous oil and gas firms. The company operates across the entire petroleum value chain, including exploration and production (upstream), refining and distribution (midstream), and retail marketing of petroleum products (downstream). Its operations extend to West Africa, providing energy solutions that support regional economic growth.
Oando’s product and service offerings include crude oil and natural gas production, petroleum refining, logistics, lubricants, and retail of fuels through its extensive network of service stations. Its retail footprint of over 300 service stations nationwide ensures accessibility of high-quality petroleum products to consumers and businesses.
Oando Plc is listed on the Nigerian Exchange (NGX) and has consistently demonstrated resilience and profitability, with revenue growth driven by strategic investments in exploration, production efficiency, and downstream operations. Its integrated business model positions it as a leading energy brand in Nigeria and the West African region.
The company is also a pioneer in local content and capacity building in Nigeria’s oil and gas industry. Through initiatives such as Oando Youth Empowerment Programmes, technical training, and community engagement, the company has created employment opportunities and developed skilled professionals in the energy sector.
Oando Plc places significant emphasis on sustainability and corporate social responsibility (CSR). Its initiatives include community development projects, educational scholarships, healthcare support, and environmental conservation programs. The company also promotes responsible energy use, workplace safety, and environmental stewardship in all its operations.
Over the years, Oando Plc has earned numerous awards for corporate excellence, sustainability leadership, and energy sector innovation, solidifying its position among the Top 50 Brands in Nigeria.
Through its integrated energy operations, commitment to local content, and sustainable development practices, Oando Plc remains not just a leading petroleum company but a strategic partner in Nigeria’s economic growth and energy security.
