Oando Plc shares fell from N36.60 to N34 on September 1, 2026. This decline follows a broader negative trend in the Nigerian equities market.
The market recorded a total loss of N587 billion during August. Settlement disruptions triggered sustained selling pressure across various sectors, including insurance stocks.
Market experts anticipate a potential recovery in September. FTSE Russell will reclassify Nigeria to Frontier Market status later this month.