Nigerian Oil & Gas Sector Sees ₦1.23 Trillion Profit in 2025

The Nigerian oil and gas sector on the Nigerian Exchange recorded a combined pre-tax profit of ₦1.23 trillion in 2025, marking a 6.7% increase from ₦1.15 trillion in 2024. This growth was primarily supported by stronger revenue, with total earnings rising to ₦9.42 trillion, a 17.7% increase from ₦8 trillion the previous year.

Despite a cumulative cost of sales increase of 12.4% to ₦7.6 trillion, higher revenue provided a solid base to partially offset the impact of operational expenses. However, combined operational profit fell by 5.38% to ₦1.3 trillion.

The sector benefited from a surge in financial income, mainly from interest on bank deposits, which helped lift the bottom line. Japaul Gold Venture PLC ranked sixth with a pre-tax profit of ₦1.11 billion for the 2025 financial year, according to its unaudited statement.

The company's revenue remained steady at ₦4.4 billion, slightly up from ₦4.1 billion in 2024, with 91% of earnings coming from offshore operations.