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Conoil

Oil Companies With Highest Market Share: Seplat Overtakes Oando, Four Record Decline

August 3, 2026

Four oil companies suffered a decline in their oil market share by revenue in 2025; two increased theirs, while the industry has a new market leader, according to Prime Business Africa’s (PBA)

Conoil Plc's Shareholders Approve N1.734 Billion Dividend Payout for 2022

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Conoil Tames Expenses To Prevent Revenue Decline From Affecting Profit

July 10, 2026

Conoil generated N71.45 billion in revenue between January and March 2026, compared to the N79.25 billion reported in the corresponding period in 2025. According to an analysis of the company’s unaudited financial

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Conoil’s Profit Crashes By 75% Amid Declining Revenue, Loan Burden

June 25, 2026

Conoil Plc, an oil and gas company, suffered a significant decline in its profit following a decline in revenue and loan burden. The oil and gas company earned N301.72 billion in revenue

Business News·Top Stories

Oil Stocks Lead NGX in Q1 2026 as Sector Outperforms

June 16, 2026

Oil and gas equities emerged as the Nigerian Exchange’s top performers in the first quarter of 2026, defying broader market weakness and currency pressures. Led by Seplat Energy, Aradel Holdings, and TotalEnergies

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Largest Oil Companies In Nigeria: Three Rise In Valuation, Three Declines

March 3, 2026

Out of six oil companies listed on the Nigerian Exchange (NGX), also known as the stock market, three saw their valuation in the bourse decline, while three recorded a surge in their

Mike Adenuga Loses $300million As Net-worth Further Declines To $3.3bn

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Mike Adenuga Experienced Mixed Fortunes In Stock Market In 2025

January 12, 2026

Mike Adenuga, the founder of Globacom, a telecommunications company, and the third richest person in Africa, experienced mixed fortunes in the Nigerian Exchange (NGX), also known as the stock market, in 2025.

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Worst-Performing Nigerian Oil Companies In Q3 2025 — By Revenue Decline

December 29, 2025

Out of the six oil companies listed on the Nigerian Exchange (NGX), also known as the stock market, four companies made it to the list of the worst-performing oil producers in Nigeria

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Five Out Of Six Oil Companies Performed Woefully On NGX In Q3 2025

December 2, 2025

Shareholders of Eterna Plc, Oando Plc, Conoil, Total Nigeria and Seplat Petroleum ended the third quarter (Q3) with significant losses, compared to those of Aradel Holdings on the Nigerian Exchange (NGX) Limited.

Business News

Conoil Revenue Drops To N203.82bn, Profit Crashes By 87.91%

November 19, 2025

Conoil Plc’s revenue dropped by 18.18 percent to N203.82 billion between January and September 2025, from N249.13 billion in the first nine months of 2024. The company announced the decline in turnover

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Oil Billionaires Who Recorded Losses In H1 2025

August 20, 2025

Five major investors of oil companies listed on the Nigerian Exchange Limited (NGX), also known as the Nigerian stock market, recorded a decline in their investments within the first half (H1) of

Business News·Top Stories

Conoil, Ellah Lakes Among Losers As Stock Market Cap Drops By N662.50bn

August 20, 2025

Over N662.50 billion was lost in the Nigerian stock market on Wednesday, August 20, after the market capitalisation of the bourse dropped to N89.56 trillion, from the previous day’s N90.22 trillion. The

Business News·Top Stories

Mike Adenuga Loses N94.60bn In Conoil Investment

July 29, 2025

In the first half (H1) of 2025, Mike Adenuga, a Nigerian business mogul, lost N94.60 billion in his investment in Conoil Plc, according to Prime Business Africa’s analysis. Adenuga holds indirect shares

Stock Market Rally Halted As Demand For Ecobank, PZ Cussons Shares Dropped

Business News·Top Stories

Conoil, Legend Internet, Others Wipe Off N47.97bn From Stock Market Cap

May 30, 2025

About N47.97 billion was wiped off the equity capitalisation of the Nigerian stock exchange on Friday, May 30, after the shares of Conoil, Beta Glass, and others depreciated at the end of

Business News·Markets

Conoil, Ardova Among Losers’ List, Stock Market Cap Up By N11.43bn

March 9, 2023

On Thursday, the Nigerian bourse appreciated by 0.03 per cent or N11.43 billion, closing at N30.40 trillion, from N30.39 trillion. The All-Share Index rose slightly by 21 basis points to close at

Business News·Insights

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Conoil

Oil Companies With Highest Market Share: Seplat Overtakes Oando, Four Record Decline

Conoil Tames Expenses To Prevent Revenue Decline From Affecting Profit

Conoil’s Profit Crashes By 75% Amid Declining Revenue, Loan Burden

Oil Stocks Lead NGX in Q1 2026 as Sector Outperforms

Largest Oil Companies In Nigeria: Three Rise In Valuation, Three Declines

Mike Adenuga Experienced Mixed Fortunes In Stock Market In 2025

Worst-Performing Nigerian Oil Companies In Q3 2025 — By Revenue Decline

Five Out Of Six Oil Companies Performed Woefully On NGX In Q3 2025

Conoil Revenue Drops To N203.82bn, Profit Crashes By 87.91%

Oil Billionaires Who Recorded Losses In H1 2025

Conoil, Ellah Lakes Among Losers As Stock Market Cap Drops By N662.50bn

Mike Adenuga Loses N94.60bn In Conoil Investment

Conoil, Legend Internet, Others Wipe Off N47.97bn From Stock Market Cap

Conoil, Ardova Among Losers’ List, Stock Market Cap Up By N11.43bn

What’s Happening To Mike Adenuga: Drops On Billionaire Ranking, As Glo Loses Almost N0.2billion Investment

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Two Group Chats, One Nigeria: Gen Z Pays The Bills, Boomers Write The Laws

Deliver Votes or Be Sacked: The New Politics in Ebonyi

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