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Nigerian (NSE) Oil and Gas Refining and Marketing Industry Analysis

UpdatedDec 29, 2025
DataAggregated Company Financials
Companies3
  • 7D0%
  • 3M-4.8%
  • 1Y-28.1%
  • YTDn/a

Over the last 7 days, the Oil and Gas Refining and Marketing industry has remained flat. As for the longer term, the industry has declined 28% in the last year. As for the next few years, earnings are expected to grow by 66% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 30 Dec 2025₦384.4b₦1.4t-₦14,388,959,000.0024.4x-26.7x0.3x
Thu, 27 Nov 2025₦393.5b₦1.4t-₦14,388,959,000.0030.4x-27.3x0.3x
Sat, 25 Oct 2025₦401.8b₦1.5t₦12.5b53.4x32.2x0.3x
Mon, 22 Sep 2025₦404.2b₦1.5t₦12.5b53.4x32.4x0.3x
Wed, 20 Aug 2025₦480.8b₦2.0t₦18.1b30.8x26.6x0.2x
Fri, 18 Jul 2025₦508.8b₦2.1t₦33.0b12.1x15.4x0.2x
Sun, 15 Jun 2025₦516.5b₦2.1t₦39.6b12x13x0.2x
Tue, 13 May 2025₦580.6b₦2.1t₦41.5b11.9x14x0.3x
Thu, 10 Apr 2025₦589.5b₦2.0t₦48.6b11.9x12.1x0.3x
Sat, 08 Mar 2025₦587.9b₦2.0t₦48.9b11.5x12x0.3x
Mon, 03 Feb 2025₦588.6b₦2.0t₦48.9b9.9x12x0.3x
Wed, 01 Jan 2025₦580.9b₦1.7t₦48.6b10.9x11.9x0.4x
Fri, 29 Nov 2024₦466.1b₦1.7t₦48.6b7.8x9.6x0.3x
Sun, 27 Oct 2024₦395.2b₦1.5t₦42.0b9.3x9.4x0.3x
Tue, 24 Sep 2024₦391.4b₦1.5t₦42.0b9.3x9.3x0.3x
Thu, 22 Aug 2024₦319.8b₦1.5t₦42.0b7.6x7.6x0.2x
Sat, 20 Jul 2024₦273.1b₦1.3t₦35.8b8.7x7.6x0.2x
Mon, 17 Jun 2024₦251.8b₦1.2t₦34.4b7.6x7.3x0.2x
Wed, 15 May 2024₦223.5b₦1.1t₦27.1b8.5x8.2x0.2x
Fri, 12 Apr 2024₦370.6b₦1.0t₦26.6b9.1x13.9x0.4x
Sun, 10 Mar 2024₦377.5b₦1.0t₦27.5b9.1x13.7x0.4x
Tue, 06 Feb 2024₦411.2b₦1.0t₦27.5b8.8x15x0.4x
Thu, 04 Jan 2024₦424.7b₦1.3t₦14.6b9.1x29.1x0.3x
Sat, 02 Dec 2023₦414.8b₦1.3t₦14.6b9.1x28.4x0.3x
Mon, 30 Oct 2023₦378.3b₦1.2t₦12.2b9.1x30.9x0.3x
Wed, 27 Sep 2023₦384.4b₦1.2t₦13.5b8x28.5x0.3x
Fri, 25 Aug 2023₦347.2b₦1.2t₦13.5b8x25.7x0.3x
Sun, 23 Jul 2023₦370.2b₦1.1t₦17.8b11.9x20.9x0.3x
Tue, 20 Jun 2023₦234.1b₦1.1t₦17.8b7.9x13.2x0.2x
Thu, 18 May 2023₦161.1b₦1.1t₦16.6b5x9.7x0.1x
Sat, 15 Apr 2023₦211.6b₦1.1t₦15.3b5.5x13.8x0.2x
Mon, 13 Mar 2023₦197.1b₦1.1t₦16.4b4.8x12x0.2x
Wed, 08 Feb 2023₦183.6b₦1.1t₦16.4b4.7x11.2x0.2x
Fri, 06 Jan 2023₦171.6b₦1.0t₦12.0b4.2x14.3x0.2x
Price to Earnings Ratio

14.3x


Total Market Cap: ₦171.6bTotal Earnings: ₦12.0bTotal Revenue: ₦1.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Oil and Gas Refining and Marketing Industry Price to Earnings3Y Average 14.1x20242025
Current Industry PE
    There are only 3 companies in the Nigerian Oil and Gas Refining and Marketing industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • Total earnings for the Oil and Gas Refining and Marketing industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 12% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does Nigerian Oil and Gas Refining and Marketing compare with similar industries?

NG Market1.15%
Energy-0.017%
Oil and Gas0%0
Oil and Gas Refining and Marketing0%0
Oil and Gas Exploration and Production0%0
Oil and Gas Storage and Transportation0%0
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
OANDO Oando₦38.050.1%
+₦729.5m		-33.3%PE1.6x

Latest News

OANDO
₦38.05
Oando
7D
0.1%
1Y
-33.3%

OANDO PLC – Dangote Refinery Reshapes Market Dynamics as Oando Pauses Petrol Imports and Refocuses on Crude, Gas, and LNG Trading

Executive Summary Oando Plc navigated a turbulent downstream landscape in the first nine months of 2025 as Nigeria’s refining transformation—driven by the Dangote Refinery’s full-scale operations—reshaped the domestic fuel market. The Group recorded a 20% YoY revenue decline to ₦2.5 trillion (9M 2024: ₦3.2 trillion), primarily due to the suspension of Premium Motor Spirit (PMS) imports amid a structural shift in local fuel supply.