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Acquisition costs, debt squeeze oil firms’ N525bn profit growth | Mukoko News

HomebusinessAcquisition costs, debt squeeze oil firms’ N525bn profit growth

business1 min readBy Muhammed Lawal

Acquisition costs, debt squeeze oil firms’ N525bn profit growth

BusinessDay Nigeria

By Muhammed Lawal·November 7, 2026·Nigeria

Image via BusinessDay Nigeria. Supplied with the article; rights remain with the copyright holder.

AI summary

Nigeria's listed oil and gas companies saw a significant increase in revenue in the first nine months of 2026, but acquisition costs and debt are affecting their profit growth.

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Nigeria’s listed oil and gas companies generated substantially higher revenue in the nine months of 2026, but the expansion did

read more Acquisition costs, debt squeeze oil firms’ N525bn profit growth

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market-intelligence bdlead nigeria oil-and-gas-companies revenue acquisition-costs

About this article

Length: 31 words · 1 min read
Published: November 7, 2026
Byline: Muhammed Lawal
Source: BusinessDay