Oando Plc recorded an increase of more than a half in turnover for 2021, according to its unaudited earnings report issued Wednesday.
The increase helped the oil driller halt its two-year run of losses that began in 2019, the report showed.
Shares in the company had gained nearly 10 per cent, the upper daily limit allowed by the Nigerian Exchange, as of 10:14 WAT in Lagos after the news hit the market. But the stock was yet to see any movement in Johannesburg, where it has a secondary listing, as of the time.
