NNPC Profit Surge
4 articles from 1 country
Nigeria's National Petroleum Company Limited (NNPC) reported a significant profit increase, with June 2026 profits reaching N535 billion, a 16% jump. Over the first six months of 2026, NNPC's revenue hit N19.04 trillion, with a profit after tax of N2.28 trillion. Statutory transfers to the federation amounted to N6.3 trillion.
NNPC Profit Jumps 16% to N535bn in June; Statutory Transfers Hit N6.29trn
- Nigeria's National Petroleum Company Limited (NNPC) reported a 16% increase in profit after tax for June, reaching N535 billion. - The company's cumulative statutory transfers to the federation rose to N6.286 trillion in the first six months of the year. - Seplat Energy Plc also announced a 498% surge in its first-half profit and an agreement to sell a 10% stake to NNPC.
NNPC posts N535bn profit, remits N6.3tn to federation
- The Nigerian National Petroleum Company Limited reported a 15.8% increase in profit after tax to N535 billion in June 2026. - Despite a slight decline in crude oil production, revenue rose to N4.389…
NNPC records N535bn profit in June
- The Nigerian National Petroleum Company Limited (NNPC) reported a Profit After Tax of N535 billion for June 2026. - This represents a 15.8% increase compared to the N462 billion profit recorded in M…
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 reve…
