As an English name it can also derive from the month of August, which was named for the Roman emperor Augustus.
Possibly taken from the plant family, Nerium oleander (flowering shrub known as oleanders), Cascabela thevetia (yellow oleander), Acacia neriifolia (oleander wattle); or a species of moth, Daphnis nerii (oleander hawk-moth).
In the complex language of love practiced during the time of Queen Victoria, the Oleander flower means caution.
A diminutive use of Oleander could be Ollie, Lee, Lee-Ann, or Anders.