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NNPC Grows Profit to N385bn Amid 46.7% Fall in January Revenue

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NNPC Grows Profit to N385bn Amid 46.7% Fall in January Revenue

10 Mar, 2026

In January 2026, the Nigerian National Petroleum Company (NNPC) Limited recorded a 9.69 per cent rise in profit after tax amid a 46.70 per cent decline in revenue. According to its latest monthly report summary for the first month of this year, the net profit for the period under consideration stood at N385 billion compared with the N351 billion recorded in December 2025. The state-owned oil firm disclosed that in January 2026, it generated a revenue of N2.571 trillion, in contrast to the N4.824 trillion achieved a month earlier.....................….......READ MORE