Top Nigerian Oil and Gas Firms Hold N1.48 Trillion in Cash as of September 2025

Nigeria’s leading oil and gas companies ended the first nine months of 2025 with a combined cash and bank balance of N1.48 trillion, marking a 0.76% increase from the N1.46 trillion recorded during the same period in 2023.

Cash and bank balances, which include funds readily available in bank accounts or short-term deposits, are a key measure of a company’s financial health. They reflect the ability to meet obligations, fund growth, or absorb unexpected financial shocks. On balance sheets, these amounts are captured under “cash and cash equivalents,” encompassing both physical cash and near-cash assets convertible into liquid funds quickly.

For the period ending September 30, 2025, Japaul Gold & Ventures Plc ranked seventh among Nigeria’s top oil and gas firms, with N614.8 million in cash and bank balances—a substantial increase from N25.7 million at the end of 2024. The company’s liquid assets form part of N15.8 billion in current assets, slightly down 3.7% due to trade and other receivables of N15.2 billion.

Current liabilities rose 8.21% to N11.1 billion, largely driven by trade and other payables totaling N6.9 billion. Japaul Gold’s quick ratio of 1.42 signals strong capacity to cover short-term obligations, comfortably above the standard benchmark of 1.0.

The firm reported a pre-tax profit of N496.2 million, slightly lower than the N578.1 million posted in the previous year, despite revenue climbing 24.09% to N2.6 billion. Administrative expenses constrained overall profitability. A positive development, however, was the company’s operating cash flow, which swung from a N335.8 million outflow in 2024 to an inflow of N737.3 million in 2025.