Conoil reported earnings results for the year 2014. For the year, the company reported an impressive result of NGN 3.07 billion profit representing a 329% from 2013. Profit before tax had risen to NGN 4.6 billion from NGN 1.15 billion, a rise of 298%.

Revenue rose by 6.4% to NGN 159.5 billion in the year under review from NGN 149.9 billion, while its earnings per share, which measures the net income for shareholders, appreciated by 329% to NGN 4.42.