Excitement as Wale Tinubu’s Oando ends 2023 in good note

Group CEO of Nigerian energy company Oando, Adewale Tinubu

Adewale Tinubu

That billionaire businessman and honcho of Oando Group, Jubril Adewale Tinubu, CON, is a genius and a cognoscenti when it comes to matters of investment and the art of making money is not debatable.

The serial entrepreneur has established himself as a businessman of note that holds a special place among the class of businessmen in Africa; he is blessed with disposition, unequalled business wisdom and ingenuity to see opportunities where others see nothing.

Perhaps this is the reason he is constantly a top player in the business climate always in the news and constantly ahead of his contemporaries.

This, among others things, have set him far apart from many ordinary business magnates across the continent of Africa.

He has proven himself as a formidable in the oil and gas sector and left his imprint anywhere he finds himself and placing himself atop the pecking order in Nigeria’s oil industry.

While many businessmen are gnashing their teeth over the fluidity and uncertainty hovering over the oil terrain around the world, the year, 2023 has been an eventful and blissful one for the trained lawyer. He is ending the year a happy man with lots of success stories to his credit.

His uncommon daring spirit and survival instinct have made him overcome the teething challenges.

The trained lawyer glided joyfully into the year with the award of the Private Sector Businessman of the Year in January; in recognition of his enviable position as one of Nigeria’s most venerable dealmakers.

Also, he left many mouth-agape when he struck a deal to acquire the Nigerian Agip Oil Company (NAOC). This audacious move gave him a resounding applause from OANDO shareholders, while stakeholders in the sector commended him for his visionary leadership and exploits.

As the news of the proposed acquisition was making the rounds, Oando and Afreximbank signed an $800 million loan document to facilitate the energy giant’s acquisition of 100 per cent of the shares of Agip Oil Company.

The deal was signed at the Intra-African Trade Fair (IATF) in Cairo, Egypt.

Now, the question agitating the minds of his fans and admirers is: what he has up his sleeves in the coming year.

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