Oando PLC has been awarded the Oil and Gas Deal of the Year, Africa at the 2025 IJGlobal Investor Awards, in recognition of its acquisition of the Nigerian Agip Oil Company Limited (NAOC) from the Italian multinational energy company Eni, a transaction widely regarded as one of the most momentous upstream M&Atransactions in Nigeria in recent years.
The award was announced at IJGlobal’s annual ceremony following an independent assessment by senior international energy and infrastructure finance professionals, who evaluated transactions based on innovation, execution strength and sector-wide impact.
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The IJGlobal Investor Awards, organised by IJGlobal, a global authority on energy and infrastructure finance, celebrate outstanding project finance, corporate finance and M&A transactions across key markets. Past recipients include leading international investors, energy majors and top-tier financial institutions whose transactions have reshaped industry benchmarks.
Oando’s Chief Legal Officer, Efuntomi Akpeneye, said the award underscored the discipline behind the transaction. “Our mandate was clear: deliver a structure that protects the company, strengthens our long-term position and aligns with global standards for complex M&As. This transaction demanded rigorous due diligence, precise risk management and a firm understanding of the regulatory landscape. The recognition validates the quality of work done and reinforces our commitment to executing transactions that reshape Oando’s strategic trajectory,” she said.