Conoil’s profit rises 12-fold to N3.9bn as share price gains

Businessday | 17-06-2026 01:25am |

Conoil Plc has reported a significant increase in its profit after tax for the first quarter of 2026, reaching N3.90 billion. This figure marks a twelve-fold rise compared to the same period in the previous year. The company's strong financial performance is also reflected in its rising share price, indicating positive market sentiment towards its operations. The results underscore Conoil's effective management and operational strategies during the quarter.

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