Nigerian Companies Report N19.81 Trillion OPEX for 2025

In 2025, twenty companies listed on the Nigerian Exchange reported a total operating expense of N19.81 trillion, reflecting a 13.8% increase from N17.4 trillion in 2024. This rise in operating expenses is attributed to inflationary pressures, foreign exchange market volatility, and increased input costs.

Notable companies include Oando PLC, which reported N3.46 trillion in operating expenses for 2025, a decrease of 23.7% from N4.54 trillion in 2024. Seplat Energy PLC recorded N3.17 trillion, a 133% increase from N1.36 trillion in 2024, while Dangote Cement PLC reported N2.58 trillion, a 3.8% increase from N2.48 trillion in the previous year.

The Central Bank of Nigeria's policies and the removal of fuel subsidies have also impacted these expenses. Dr.

Muda Yusuf from the Centre for Promotion of Private Enterprise highlighted that inflationary pressures remain a significant concern for the Nigerian economy, affecting profit margins and overall business performance.