Nigeria : Will Oando Plc gain another 529% this year ?

Oando Plc saw its stock surge by an impressive 529% in 2024, rising from N10.50 to N66, making it the second best-performing stock of the year. This followed a 163% increase in 2023.
1M | 3M | YTD | 1Y | 2Y |
-2.20% | +22.89% | +34.23% | +42.62% | +104.59% |
Value Traded (Mln NGN) 19,667.74 |
Volume 482,753,056 |
Transactions 28,181 |
Market Cap. (Bln NGN) 87,375.24 |
Oando Plc saw its stock surge by an impressive 529% in 2024, rising from N10.50 to N66, making it the second best-performing stock of the year. This followed a 163% increase in 2023.
FBN Holdings Plc has officially announced its transition to First HoldCo Plc (FirstHoldCo), a change that will be implemented across all its subsidiaries.
Nigerian banks are making significant progress in raising core capital to meet new paid-in capital requirements and are generally on track to meet the end-1Q26 deadline, Fitch Ratings says.
Despite the generally bullish market in 2024, several stocks on the Nigerian Exchange (NGX) experienced sharp declines. While the NGX All-Share Index (NGXASI) delivered an impressive 37.65% year-to-date (YtD) return, gains were not evenly distributed.