NGOando Plc, a major Nigerian energy company, reported a significant increase in production and profitability for the 2025 financial year. The company achieved a 32% rise in average daily production to 32,482 barrels of oil equivalent per day and recorded a Profit After Tax of N204.8 billion. This growth followed the full integration of the Nigerian Agip Oil Company joint venture assets and a strategic shift toward operational execution and balance sheet optimization. Operational improvements, including enhanced security, asset integrity, and infrastructure upgrades, contributed to the success. Additionally, Oando saw substantial increases in crude oil, gas, and natural gas liquids production, along with a notable surge in NGL production due to processing plant upgrades. The company also emphasized safety achievements, including zero fatalities and a low incident rate.
Bias read (Center): The article focuses on corporate financial performance and operational achievements of a private energy firm, with no direct reference to political figures, policies, or contentious issues. It provides factual data on production, profits, and operational improvements without apparent ideological slr
