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Wale Tinubu's Oando approves $1.5 billion funding plan
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Wale Tinubu's Oando approves $1.5 billion funding plan
Key PointsOando Plc, led by oil mogul Wale Tinubu, approves $1.5 billion multi-instrument issuance to boost liquidity and drive long-term energy sector growth. Shareholders approve N500 billion ($326.2 million) equity raise, including up to 10 billion shares, to strengthen balance sheet and enhance capital efficiency. Funding plan supports Oando’s diversification into renewables, including $1.2 billion solar panel factory to expand Nigeria’s cle…
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