How to Buy Oando Shares in Nigeria: The Complete Beginner’s Guide

Introduction: What Are Shares and Why Buy Them?

A share (or stock) is a piece of ownership in a company. When you buy shares, you become a part-owner of that company. If the company grows and becomes more valuable, your shares also increase in value. Some companies also share profits with shareholders through dividends.

One popular company Nigerians invest in is Oando Plc.

Why Oando? What Happened in 2024?

Oando Plc is a major oil and gas company in Nigeria. In 2024, Oando experienced a massive surge in its stock price due to a major acquisition deal and a rally in the energy market.

Real 2024 Performance: +528.57% Return

That means if you bought Oando shares at the beginning of 2024 and sold them at the end of the year, your money would have grown over five times.

Let’s break that down simply:

If you invested ₦100,000 in Oando in early 2024…

Your investment grew by +528.57%
₦100,000 × (528.57 ÷ 100) = ₦528,570 profit
Total value at year-end = ₦100,000 + ₦528,570 = ₦628,570

In one year!

This is an exceptional return — not common every year, but it shows what’s possible in the stock market.

What Percentage Returns Can I Expect Normally?

While 528.57% was extraordinary, it’s not guaranteed every year. Historically:

Average return for oil and energy stocks like Oando: 20% to 60% per year in good economic conditions.
Some years may be flat or negative — that’s why it’s best to think long-term.

How to Buy Oando Shares (Step-by-Step)

Step 1: Pick a Stockbroker

You can’t buy shares directly from the Nigerian stock exchange. You need to go through a licensed stockbroker.

Top Brokers in Nigeria (all licensed):

Meristem Securities – https://www.meritrade.com
Stanbic IBTC Stockbrokers – https://www.stanbicibtcstockbrokers.com
ARM Securities – https://www.armstocktrade.com
CardinalStone – https://cardinalstone.com
Afrinvest – https://www.afrinvest.com

Go to their website and sign up for a trading account.

Step 2: Open a CSCS Account (Through Your Broker)

Your broker will help you open a CSCS account. This is like a bank account for shares, managed by the Central Securities Clearing System (CSCS).

Documents you’ll need:

Valid ID (e.g. National ID or International Passport)
Passport photograph
Utility bill (not older than 3 months)
Bank Verification Number (BVN)

Step 3: Fund Your Brokerage Account

Transfer money to your new account so you can buy shares.

Example:
If you want to buy ₦100,000 worth of shares, transfer that amount + about 1.5% for broker fees.

Step 4: Place an Order to Buy Oando Shares

Once funded, use your broker’s platform or mobile app to place a buy order.

You’ll enter:

Stock symbol: OANDO
Quantity: How many shares you want (the platform usually helps you calculate this)
Price: You can choose to buy at the current market price

Or just message your broker:

“Please buy ₦100,000 worth of Oando shares at the market price.”

Step 5: Confirm and Monitor Your Investment

After your order is completed:

You’ll receive a trade confirmation via email or app
Your Oando shares will appear in your account within 1–2 days

How to Track Your Investment

Option 1: Use Your Broker’s App

Most brokers have a mobile app where you can:

View your portfolio
Check current market prices
Monitor profit/loss

Option 2: Check Oando’s Price on NGX

Visit https://ngxgroup.com

Click “Market Data”
Search for OANDO
You’ll see the current share price, charts, and history

Step 6: Sell When You’re Ready

If your shares have gone up in value (for example, from ₦10 to ₦65), you can:

Place a sell order via your broker’s app or
Tell your broker to sell for you

Your money will go back to your trading account, and from there, you can transfer it to your bank.

Extra Tools for Learning and Research

Oando Plc Official Site: https://www.oandoplc.com
NGX Market: https://ngxgroup.com
Nairametrics (Financial News): https://nairametrics.com
Proshare (Market Analysis): https://www.proshareng.com
CSCS Nigeria (for checking your shares): https://www.cscsnigeriaplc.com

Final Thoughts (For Beginners)

Don’t wait for “the perfect time.” The earlier you start investing, the better.
Start with a small amount and grow from there.
Reinvest your profits for long-term gains.
Be patient. The stock market is for people who can wait and grow their money over time.

Disclaimer

This guide is for educational purposes only and does not constitute financial advice. Investing in the stock market involves risks, and past performance (such as Oando’s 2024 gains) does not guarantee future results.

Before you invest:

Physically verify the legitimacy of any stockbroker you choose.
Ensure the brokerage firm is registered with the Securities and Exchange Commission (SEC) and licensed by the Nigerian Exchange Group (NGX).
Visit their office location if possible, or confirm through multiple reliable sources.
Do not send money to personal accounts or unverified platforms.
Always do your own research (DYOR), and consider speaking with a certified financial advisor if you’re unsure. Your financial decisions are your responsibility.