Nigerian Oil & Gas Revenue Surges to N7.44 Trillion in Q3 2025

Nigerian oil and gas companies, including Arabel Holdings Plc, Conoil Plc (NGX: CONOIL), Seplat Energy Plc (NGX: SEPLAT), Eterna Plc (NGX: ETERNA), TotalEnergies Marketing Nigeria Plc (NGX: TOTAL), and Oando Plc (NGX: OANDO), saw a revenue surge to N7.44 trillion in Q3 2025, a 26% increase from the previous year. Seplat Energy reported a 213% revenue growth, attributing it to operational challenges and price distortions.

Production figures also showed significant increases, especially in crude oil and gas. The results reflect the impact of offshore asset consolidation and strong performance in onshore assets.