Oando: Company Profile, Culture, and General Overview

Oando PLC is one of the most popular and thriving integrated energy solutions providers in Africa. The company was founded in 1956 and now, it has listings on both the Nigerian Stock Exchange and the Johannesburg Stock Exchange. Headquartered in Lagos, the Oando Group houses two giant companies - Oando Energy Resources and Oando Trading. 

History

Oando began when Esso Africa was formed in 1956. Esso Africa majored as a downstream marketing company but was later rebranded as Unipetrol Nigeria in 1976 to increase the production and availability of petroleum products in the hinterland. Fast forward to March 1, 1991, Unipetrol became a Public Limited Company and in the same year, 60% equity was sold to the Nigerian Public in an initial public offering. The following year, Unipetrol was listed on the Nigerian Stock Exchange. 

Unipetrol bought a 40% stake in Gaslink Nigeria Limited in the year 1999, and the company increased its stake to 51% in 2001. Another 30% stake was acquired in 2000 by Adewale Tinubu and Omamofe Boyo, owners of Ocean and Oil Private Investment Company in the year 2000. In 2001, Ocean and Oil had topped up its stake in Unipetrol by another 12%. In 2002, Ocean and Oil spearheaded Unipetrol's attempt to acquire a 60% share in Agip Nigeria Plc. Following the merger, the combined entity was rebranded as Oando PLC in 2003, establishing itself as the leading downstream petroleum marketing company in Nigeria.

In 2005, Oando Energy Services was created to fulfill the group's objective in the Upstream services industry, and by 2007, the company has acquired two oil drilling rigs in Nigeria. Oando Energy Services emerged as Nigeria's first indigenous oil company with an interest in producing deepwater assets in 2007.  Year in and year out, even until now, Oando Plc has elevated the standard in the Nigeria Oil industry. 

Locations

• Nigeria

• United Kingdom

• United Arab Emirates

Board of Directors

• HRM Oba M.A Gbadebo - Chairman

• Adewale Tinubu (CON) - Group Chief Executive

• Omamofe Boyo - Deputy Group Chief Executive

• Ainojie Alex Irune - Group Executive Director

• Ademola Adenrele SAN - Non-Executive Director

• Alphonsus Ikeme Osakwe - Independent Non-Executive Director

• Ronke Sokefun -  Independent Non-Executive Director

• Ayotola Jagun - Chief Compliance Officer and Company Secretary. 

Management Team

• Adewale Tinubu (CON) - Group Chief Executive

• Omamofe Boyo - Deputy Group Chief Executive

• Adeola Ogunsemi - Group Executive Director 

• Ayotola Jagun - Chief Compliance Officer and Company Secretary.

• Ima Ofulue - Chief Human Resources Officer

• Ainojie Alex Irune - Group Executive Director

• Ayo Ajose Adeogun - Chief Executive Officer, Oando Refinery

• Akpeneye Efuntomi Omolara - Chief Legal Officer

Company Culture

Oando confirms that its business priorities accord with its economic, social, and environmental responsibilities. The company's commitment is tailored towards enterprises that support and strengthen its community through active engagement. 

According to Glassdoor, employees rated Oando 4.5 out of 5 for culture and values which reveals that workers generally have a positive perception of the work environment and how it upholds strong values in its operations. The company highlights its core values to be teamwork, respect, integrity, professionalism, and passion. Also, Oando believes that achieving great success depends on the ability to consistently satisfy the ever-changing preferences of customers and therefore pledged to be responsive to these needs by offering high-quality products and services at competitive prices. 

Operations

• Oando Trading

• Oando Clean Energy

• Oando Energy Resources

Feats/Awards/Recognition

• OANDO partners world’s largest electric vehicle manufacturer, yutong, takes delivery of electric buses for Lagos mass transit - 2023

• Oando won the ‘Best oil and gas deal in Africa’ award for the acquisition of a 15% stake in two offshore oil mining leases - 2010

• Oando won ‘Company of the Year by the CWC Group, organizer of the Nigeria Oil & Gas (NOG) Conferences - 2009

• Oando Marketing won the Award of Oil Trading and Logistics Africa (OTL Africa) in 2009 

• Gaslink Nigeria Limited, a subsidiary of Oando PLC won the award for the best gas distribution company in Nigeria, by Financial Standard newspaper –  2008

• Oando won Indigenous Independent of the Year by Petroleum Africa - 2008

• Oando PLC won the Nigerian Stock Exchange Presidential Merit Award in the Petroleum Marketing Sector - 2008

• Oando PLC won Thisday’s 2008 ‘Oil and Gas Company of the Year

• Greenfield Ribon Award for ‘Outstanding Commitment in Environmental Sustainability - 2008

• Oando Gas and Power, won the ‘Gas Corporate Award (Downstream) as the Best Gas Company operating in the Downstream Energy Sector - 2008

• Oando PLC won the Lagos State Ako-Eko Environment Green Assessment Award for being environmentally and safety conscious - 2008

• Oando PLC won the Leopard Award for ‘the most outstanding independent energy Company in Africa’ by the Global Pacific and Partners - 2008

• Oando won Indigenous Independent of the Year by Petroleum Africa - 2007

• Oando PLC won the Nigerian Stock Exchange Presidential Merit Award in the Petroleum Marketing Sector - 2006

•  Oando PLC won the Nigerian Stock Exchange Presidential Merit Award in the Petroleum Marketing Sector - 2004

• Oando PLC won the Manufacturers Association of Nigeria’s year 2004 Award for the Cleanest Factory in Kaduna

• Oando PLC won the Nigerian Stock Exchange Presidential Merit Award for Quoted Company - 2004

• Oando Marketing Limited won the Federal Airport Authority of Nigeria’s Award for ‘Best Marketer of the Year- 2003

• Oando PLC won the Nigerian Stock Exchange Presidential Merit Award in the Petroleum Marketing Sector - 2003

• Oando PLC won the Nigerian Stock Exchange Presidential Merit Award for Quoted Company - 2002

• Oando Marketing won ‘The Year 2002 Kaduna State Environmental Friendliness Award - 2001

Revenue 

N722.5 billion

Connect with Oando!

• Twitter - @oando_plc

• Instagram - @oando_plc

• Website - www.oandoplc.com

• Facebook - Oando PLC

• LinkedIn - Oando PLC