Oando Reports 9% Revenue Growth to ₦2.78trn as Production Rises 14%

In a report released on October 31, 2026, Nigerian energy company Oando announced a 9% revenue growth to ₦2.78 trillion for the nine months ending September 2026, as production rose 14%. According to Premium Times Nigeria, the Group also reported ₦159.7 billion operating profit, with gross profit surging 483% to ₦174.5 billion during the same period. This impressive growth is a testament to Oando’s ongoing efforts to optimize operations and expand its market presence in Nigeria and beyond. As the country continues to grapple with energy challenges, the growth of Oando’s revenue and production could signal a promising future for the Nigerian energy sector. This development is significant for Nigerian investors and businesses that rely on stable and affordable energy supplies, as well as for the government’s plans to diversify the economy and reduce dependence on oil exports.