NNPC Reports Sharp Profit Decline Amid Slumping July Revenue

Nigeria's state oil company posted a significant drop in second-half profitability, with July profits falling to N279 billion due to lower revenues and reduced crude oil and gas output.

4 Sept, 06:59 — 4 Sept, 06:59

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vanguard-ngMixed22h ago

NNPC profit drops as revenue slips by 29.6% in July

The Nigerian National Petroleum Company Limited (NNPCL) recorded a sharp decline in profitability in July 2026, with profit after tax (PAT) falling to N279 billion from N535 billion in June, amid lower revenue and declines in crude oil and natural gas production. The latest figure represents a 47.9 per cent month-on-month drop in profit and […] The post NNPC profit drops as revenue slips by 29.6% in July appeared first on Vanguard News.

By Urowayino Jeremiah

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NNPC Reports Sharp Profit Decline Amid Slumping July Revenue

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NNPC profit drops as revenue slips by 29.6% in July

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