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Nigerian (NSE) Oil and Gas Industry Analysis

UpdatedAug 16, 2025
DataAggregated Company Financials
Companies5
  • 7D-0.2%
  • 3M-1.0%
  • 1Y38.2%
  • YTD-14.8%

Over the last 7 days, the Oil and Gas industry has remained flat, although notably Oando declined by 6.9%. The past year has been better, since the industry has gained 38% in that time. Earnings are forecast to grow by 44% annually.

Industry Valuation and Performance

Has the Nigerian Oil and Gas Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 17 Aug 2025₦2.7t₦2.6t₦322.0b8.2x8.5x1x
Tue, 15 Jul 2025₦2.8t₦2.8t₦302.4b8.9x9.3x1x
Thu, 12 Jun 2025₦2.7t₦2.8t₦309.1b9.2x8.7x1x
Sat, 10 May 2025₦2.8t₦2.8t₦311.0b8.6x8.9x1x
Mon, 07 Apr 2025₦2.7t₦2.6t₦306.8b9.2x8.9x1.1x
Wed, 05 Mar 2025₦2.9t₦2.6t₦295.6b9.7x9.9x1.1x
Fri, 31 Jan 2025₦3.1t₦2.2t₦191.3b12.7x16.4x1.5x
Sun, 29 Dec 2024₦3.2t₦2.1t₦193.0b14.5x16.5x1.5x
Tue, 26 Nov 2024₦2.7t₦2.1t₦193.0b11.2x14.2x1.3x
Thu, 24 Oct 2024₦2.8t₦1.5t₦42.0b9.3x67.6x1.9x
Sat, 21 Sep 2024₦391.4b₦1.5t₦42.0b9.3x9.3x0.3x
Mon, 19 Aug 2024₦319.8b₦1.5t₦42.0b7.6x7.6x0.2x
Wed, 17 Jul 2024₦273.1b₦1.3t₦35.8b8.7x7.6x0.2x
Fri, 14 Jun 2024₦251.8b₦1.2t₦34.4b7.6x7.3x0.2x
Sun, 12 May 2024₦223.5b₦1.1t₦27.1b8.5x8.2x0.2x
Tue, 09 Apr 2024₦370.6b₦1.0t₦27.4b9.1x13.5x0.4x
Thu, 07 Mar 2024₦358.2b₦1.0t₦27.5b9.1x13x0.4x
Sat, 03 Feb 2024₦430.4b₦1.3t₦18.2b9x23.6x0.3x
Mon, 01 Jan 2024₦398.3b₦1.3t₦14.8b9.1x26.9x0.3x
Wed, 29 Nov 2023₦413.9b₦1.3t₦14.8b9.3x28x0.3x
Fri, 27 Oct 2023₦373.7b₦1.2t₦13.7b9x27.3x0.3x
Sun, 24 Sep 2023₦420.9b₦1.2t₦13.7b9x30.7x0.3x
Tue, 22 Aug 2023₦359.8b₦1.2t₦13.7b9x26.3x0.3x
Thu, 20 Jul 2023₦368.4b₦1.1t₦17.9b10.5x20.5x0.3x
Sat, 17 Jun 2023₦236.0b₦1.1t₦19.2b8.3x12.3x0.2x
Mon, 15 May 2023₦165.2b₦1.1t₦16.8b5.4x9.9x0.1x
Wed, 12 Apr 2023₦214.1b₦1.1t₦15.5b6.4x13.8x0.2x
Fri, 10 Mar 2023₦201.3b₦1.1t₦16.6b5x12.1x0.2x
Sun, 05 Feb 2023₦185.1b₦1.1t₦16.3b5.2x11.4x0.2x
Tue, 03 Jan 2023₦174.1b₦1.0t₦12.2b4.6x14.3x0.2x
Thu, 01 Dec 2022₦167.6b₦1.0t₦12.2b4.6x13.8x0.2x
Sat, 29 Oct 2022₦174.6b₦974.8b₦13.5b7x13x0.2x
Mon, 26 Sep 2022₦184.2b₦938.1b₦14.8b7.5x12.5x0.2x
Wed, 24 Aug 2022₦188.3b₦938.1b₦14.8b7.5x12.8x0.2x
Price to Earnings Ratio

12.8x


Total Market Cap: ₦188.3bTotal Earnings: ₦14.8bTotal Revenue: ₦938.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Oil and Gas Industry Price to Earnings3Y Average 14.9x202320242025
Current Industry PE
  • Investors are pessimistic on the Nigerian Oil and Gas industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 8.5x which is lower than its 3-year average PE of 14.9x.
  • The 3-year average PS ratio of 0.51x is lower than the industry's current PS ratio of 1.0x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have grown 179% per year over the last three years.
  • Revenues for these companies have grown 41% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Nigerian Energy industry?

NG Market-0.41%
Energy-0.043%
Oil and Gas-0.16%
Oil and Gas Exploration and Production0%0
Oil and Gas Refining and Marketing0%0
Oil and Gas Storage and Transportation0%0
Industry PE
  • Investors are most optimistic about the Oil and Gas Refining and Marketing industry which is trading above its 3-year average PE ratio of 14.9x.
    • Analysts are expecting annual earnings growth of 44.3%, which is higher than its past year's earnings decline of 83.5% per year.
  • Investors are most pessimistic about the Oil and Gas Refining and Marketing industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 14.9x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Refining and Marketing industry, expecting annual earnings growth of 44% over the next 5 years.
  • This is better than its past earnings decline of 84% per year.
  • In contrast, the Oil and Gas Refining and Marketing industry is expected to see its earnings grow by 44% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
No data available

Latest News

OANDO
₦52.15
Oando
7D
-6.9%
1Y
70.7%
ARADEL
₦519.00
Aradel Holdings
7D
-0.2%
1Y
n/a