Nigerian Breweries Plc has reported a strengthened financial position for the first half of 2026, according to ThisDay Live. The company said it emerged debt-free during the period, supported by improved cash generation, positive retained earnings and a stronger balance sheet. The report, written by Kayode Tokede, highlights the brewer's financial recovery, though specific figures were not detailed in the available information.

Nigeria's Dangote refinery has reduced its debt to $5.7 billion ahead of what is expected to be a record initial public offering, according to Moneyweb. The debt reduction was enabled by a swing to a profit of $1.82 billion in the six months through June, compared with a loss of $282.1 million a year earlier. The improved performance followed a ramp-up in production and higher sales at the Nigerian facility, which were boosted by the US-Iran war.

The Nigerian National Petroleum Company Limited (NNPCL) reported significant financial growth for April, with revenues reaching N4.97 trillion, an increase from N2.77 trillion in March. Profit after tax also rose to N481 billion, up from N276 billion the previous month. Despite these impressive figures, concerns about public dissatisfaction persist, highlighting a disconnect between corporate profits and the experiences of the populace, according to Daily Trust.

Nigeria's House of Representatives has launched an investigation into an alleged ₦432 billion oil revenue debt. According to the Auditor-General's 2023 Annual Audit Report, the NNPCL and oil companies under DAPPMAN, MOMAN and MEMAN owe the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) more than ₦392 billion. The probe aims to establish the extent of the indebtedness and recover the outstanding funds.

Dangote Refinery reported revenue of N19.13 trillion for the first half of 2026, a 121% increase driven by higher production and sales, according to Legit.ng. The stronger financial performance comes as the refinery prepares for a planned initial public offering valued at N2.15 trillion. The results are seen as bolstering the company's position ahead of the anticipated stock market listing, which would mark one of Nigeria's largest public offerings.

The Nigerian National Petroleum Company Limited (NNPC) reported cumulative revenue of N25.133 trillion between January and July 2026, according to ThisDay Live. The state oil firm also posted a profit of N2.55 trillion over the seven-month period. The revenue performance was mainly driven by relative growth in crude, the report stated, citing correspondent Emmanuel Addeh in Abuja.