Oando Plc has announced plans to raise up to N500 billion, or its foreign currency equivalent, from the Nigerian or international capital markets, subject to shareholder approval.
The company disclosed this in a notice filed with the Nigerian Exchange (NGX), which outlines several key resolutions to be presented at its 46th Annual General Meeting scheduled for August 11, 2025.
According to the disclosure, Oando plans to raise the funds by issuing up to 10 billion ordinary shares of 50 kobo each, either as a standalone offering or part of a larger capital-raising programme.
