Oando Reports Revenue N2.78trn Growth As Production Rises 14% in 9 Months

Oando Plc, has published its unaudited results for the nine months ended September 30, 2026, reporting a nine per cent increase in revenue to N2.78 trillion.
The revenue growth, according to the company, reflects higher crude oil liftings, increased gas and Natural Gas Liquids sales volumes, and improved average realised prices across its expanded upstream portfolio.
The results showed a significant turnaround in operating performance, with the Group moving from an operating loss of N109.7 billion in nine months 2025 to an operating profit of N159.7 billion in 2026. Gross profit increased by 483 per cent to N174.5 billion, compared with N29.8 billion in the corresponding period of 202...