Nigeria’s main oil and fuel firms closed the 9-month interval ended September 2025 with a mixed money steadiness of N1.48 trillion.
This marks a 0.76% rise from the N1.46 trillion recorded in the identical interval of 2023, reflecting an uptick in money and {bank} balances throughout the sector.
Money within the {bank} represents funds an organization can entry instantly, whether or not sitting in common {bank} accounts or short-term deposits.
It’s a important indicator of monetary power, exhibiting how shortly an organization can meet its obligations, pursue progress alternatives, or cushion itself in opposition to sudden shocks.
In {financial} statements, this seems beneath “money and money equivalents” on the steadiness sheet, overlaying not solely bodily money but additionally near-cash property that may be transformed into liquid funds inside a brief interval.
For this report, we rank Nigeria’s main oil and fuel firms by their money and {bank} balances for the interval ended September 30, 2025.
