Oando posts record profit on first full year of Agip assets

Nigerian energy firm Oando reports a 32% surge in annual earnings, driven by ramped-up production from its former Agip portfolio.

By Handelsavisen Newsroom · Automated 2026-07-06 18:54 UTC · 1 min read

Oando Plc has reported its strongest annual profit on record, marking a significant milestone for the Nigerian energy group.

The financial result was driven by the first full year of production from the assets acquired from the former Nigerian Agip Oil Company (NAOC), which have substantially boosted output and cash generation for the firm.