Oando, a prominent oil and gas company, has reached a market capitalisation of N1 trillion, placing it among an exclusive group of companies.
This milestone follows a significant increase in its share price, which rose by 207.6% in August.
Recall that in early August, Oando announced its intention to complete a $783 million acquisition of Nigeria Agip Oil Company, a subsidiary of Eni.
?This announcement contributed to increased investor interest, driving up the company’s stock price and resulting in a trading volume of 547 million shares.
With this development, Oando has joined the “Stocks Worth Over One Trillion” (SWOOTS) club, alongside other major companies such as Zenith Bank, SEPLAT, BUA Cement, and ?angote Cement.
