NNPC Financials and Acquisitions
4 articles from 1 country
The Nigerian National Petroleum Company (NNPC) reported N19.04 trillion in revenue for the first six months of 2026, with a profit after tax of N2.28 trillion. NNPC is also acquiring a 10% joint venture stake from Seplat Energy for $281.6 million. The company has also deployed over 1,000 new employees after extensive training.
NNPC revenue hits N19.04trn in six months
- NNPC Ltd reported N19.04 trillion in revenue for the first six months of 2026, with a profit after tax of N2.28 trillion. - The company's June 2026 report indicated a significant surge in April revenue to N4.97 trillion and a 15.8% month-on-month profit increase in June. - NNPC Ltd remitted N6.286 trillion to the Federation during the period, while natural gas production rose, supporting energy …
Seplat Energy Sells 10% JV Stake to NNPC for $281.6 Million
- Seplat Energy Plc is selling a 10% stake in its NNPC/Seplat joint venture to the Nigerian National Petroleum Company Ltd (NNPC) for $281.6 million. - The transaction, subject to regulatory approval,…
NNPC deploys over 1,000 new employees after rigorous training
- The Nigerian National Petroleum Company Limited (NNPC Ltd) has deployed over 1,000 young professionals after a year-long training and evaluation program. - Group CEO Bayo Ojulari stated the deployme…
NNPC to acquire Seplat’s 10% JV for $281.6m
- Seplat Energy Plc has agreed to sell a 10% interest in the NNPCL-SEPNU Joint Venture to the Nigerian National Petroleum Company Limited for $281.6 million. - The transaction is expected to enhance s…