Shares of Oando Plc have risen more than 39% on the Nigerian stock market, following a series of positive developments in early June 2025.
On June 4th, the company published its audited financial statements, reporting a pre-tax profit of N383.8 billion, a 272.72% increase from the previous year.
The growth was largely driven by higher oil revenues, which rose to N4.08 trillion, a 43.61% increase from the prior year’s figure of N2.84 trillion.
