Nigeria’s State Oil Company Posts $4.7 Billion Profit as Output Hits Five-Year High

NNPC posted N7.2 trillion ($4.7 billion) profit after tax for 2025, up 33%.

Revenue fell 24% to N34.5 trillion as crude prices and fuel volumes dropped.

Oil output averaged 1.77 million barrels a day, the highest level in five years.

Government remittances rose 39% to N22.3 trillion; dividend increased to N5.8 trillion.

Nigeria’s State Oil Company Posts $4.7 Billion Profit as Output Hits Five-Year High

NNPC posted N7.2 trillion ($4.7 billion) profit after tax for 2025, up 33%.

Revenue fell 24% to N34.5 trillion as crude prices and fuel volumes dropped.

Oil output averaged 1.77 million barrels a day, the highest level in five years.

Government remittances rose 39% to N22.3 trillion; dividend increased to N5.8 trillion.

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