Oando closed the first nine months of 2026 with ₦2.78 trillion in revenue, a 9% increase that came on the back of a 14% rise in production. The numbers signal steady operational momentum for one of Nigeria's most prominent energy companies.
The gains go deeper than the top line. Gross profit surged 483% to ₦174.5 billion over the same period, a jump that points to meaningful improvements in cost management and operational efficiency across the group.
Operating profit came in at ₦159.7 billion for the nine months ended 30 September 2026. With production climbing and margins expanding at this pace, the question now is how Oando plans to carry that momentum into the final quarter.
Originally published by Premium Times.