Business
Wale Tinubu Leads Oando’s global energy expansion
Wale Tinubu, CEO of Oando, drives global expansion and renewable energy initiatives while securing key acquisitions and awards in 2025
Jubril Adewale Tinubu, Group Chief Executive Officer of Oando Plc, has cemented his reputation as one of Africa’s most influential energy leaders, guiding the company through strategic acquisitions, renewables, and international expansion.
Also read: Oando Boss Wale Tinubu Applauds Oramah as Afreximbank President Steps Down
Under Tinubu’s leadership, Oando has evolved from a downstream operator into a fully integrated energy company, encompassing exploration, production, power, and renewables. Industry watchers say his blend of foresight, audacity, and resilience has positioned the company as a continental powerhouse and a model of African ingenuity.
In 2025, Tinubu received multiple recognitions for his transformative leadership. In January, he won the Investor/Transaction of the Year 2024 at the New Telegraph Awards for Oando’s $783 million acquisition of Agip Oil Company.
Later, he received a prestigious Lifetime Award at Africa Energy Week, AEW 2025, in recognition of his contributions to the energy sector.
Oando’s performance under Tinubu has demonstrated disciplined strategy amid global challenges. Despite a dip in revenue, the company posted a $145 million profit in the first nine months of its 2025 fiscal year. The firm was also named the preferred bidder for the Trinidad refinery, signalling growing international influence.
Looking ahead, Tinubu is steering Oando into mining, with a focus on lithium and other critical minerals for the clean-energy transition.
The company has already initiated exploration programs across Nigeria, including a major project in Kebbi State, with pilot production expected to begin soon. Analysts note that this move positions Oando at the forefront of Africa’s contribution to the global battery and electric vehicle market.
“Wale Tinubu sees tomorrow,” said an industry analyst. “He is a strategist, a visionary, and a leader committed to harnessing Africa’s resources to define its destiny.”
Tinubu has consistently emphasised the importance of acting decisively, leveraging local expertise, and ensuring sustainable growth.
Also read: Wale Tinubu Wins Prestigious Lifetime Achievement Award
His stewardship of Oando illustrates how bold leadership can turn opportunities into lasting value for shareholders and the continent alike.
Tinubu Niger Delta summit opens in Port Harcourt as investors and policymakers gather to drive investment, innovation and industrial growth
Dangote Petroleum Refinery has set its initial public offering price at ₦525 per share, with the company seeking to raise about ₦2.15 trillion as it prepares to enter Nigeria’s public equities market.
The Securities and Exchange Commission has approved the offer for 4.1 billion ordinary shares at ₦525 each. If fully subscribed, the offer would generate approximately ₦2.15 trillion, equivalent to about $1.6 billion at current exchange rates.
The offering is expected to open on 14 September 2026, according to Aliko Dangote, the president of Dangote Industries. The planned sale is positioned to become one of the largest equity offerings in Africa.
The IPO marks a significant step in Dangote Group’s plans to broaden ownership of the refinery and raise additional capital for expansion.
The refinery currently has a stated processing capacity of 650,000 barrels of crude oil per day. Dangote has said the company plans to increase that capacity to 1.4 million barrels per day as part of its longer-term expansion strategy.
The planned share sale follows a $1 billion underwriting programme completed in August, providing additional financial backing ahead of the public offering.
The refinery, located in the Lekki area of Lagos State, is one of Africa’s largest industrial projects and has become an increasingly important player in Nigeria’s fuel supply market since beginning operations.
The public offering will give Nigerian investors an opportunity to acquire shares in the refinery directly, while providing Dangote Petroleum Refinery with fresh capital to support its next phase of growth.
The company has also indicated ambitions to expand beyond its current Nigerian operations, with Dangote recently announcing plans for another refinery project in Kenya.
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