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NNPC Profit After Tax Hits N7.2tr Despite 24% Revenue Drop

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NNPC Profit After Tax Hits N7.2tr Despite 24% Revenue Drop

30 Sep, 2026

The Nigerian National Petroleum Company (NNPC) Limited said its profit after tax rose by 33 per cent in 2025 to N7.2 trillion from N5.4 trillion in 2024. The results underline the company’s growing earnings capacity and operational momentum and provide a stronger platform for growth, it said in a statement on Tuesday. According to its spokesperson, Mr Andy Odeh, who signed the statement, despite the double-digit growth in net profit, earnings declined by 24 per cent to N34.5 trillion due to lower crude oil prices and reduced white product volumes following market deregulation in 2024..............….......READ MORE