Nigerian Oil Company Profits
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Nigerian National Petroleum Company Limited (NNPC) reported a profit after tax of N535 billion for June 2026, a 15.8% increase. NNPC also posted N19.04 trillion in revenue for the first six months of 2026. Separately, Aradel Holdings saw its revenue surge nearly sevenfold in the first half of 2026, though its profit growth lagged behind due to rising costs.
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 trillion, and cumulative statutory payments to the federation reached N6.286 trillion. - Production was impacted by operational issues, but progress was noted on major gas pipeline projects.
Aradel's half-year profit grows far less than revenue as galloping costs bite
- Aradel Holdings saw revenue surge nearly sevenfold to ₦2.5 trillion in the first half of 2026, driven by global oil price spikes. - Despite the revenue jump, after-tax profit increased only to ₦191 …
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…
