Key Takeaways:
In 2024, Nigeria’s oil and gas sector saw a broad-based rebound in earnings performance, with the listed companies reporting positive earnings per share (EPS), a notable improvement from the prior year. Seplat Energy led in absolute EPS value, rising sharply to ₦385.61 from ₦92.75 in 2023.
However, Aradel Holdings stood out for its exceptional growth, increasing EPS by 361% to ₦57.03. Eterna Plc also made a significant turnaround, shifting from a loss in 2023 to a positive EPS of ₦1.03.
Other players, including TotalEnergies, MRS Oil, Oando, and Conoil, all recorded year-on-year EPS gains, reflecting stronger profitability, improved cost efficiency, and a more favourable operating environment.
FCT, Ogun, and Nasarawa consistently rank as the top three states with the highest number of road accidents.
The FCT recorded its peak accident figures in 2022, particularly in Q2 (842 cases) and Q4 (864 cases).
In Q2 and Q3 of 2024, Ogun State surpassed the FCT in the number of reported accidents.
Across these three states, there has been a notable decline in accident numbers, with an average decrease of approximately 37.6% between Q2 and Q3 2024.