NNPC Profit Rises To ₦1.054tn In May On Stronger Oil Production

The Nigerian National Petroleum Company Limited (NNPC) recorded an after-tax profit of ₦1.054 trillion in May 2025, representing a 14 percent increase compared to ₦926 billion posted in April. The state oil firm’s revenue rose slightly to ₦6.008 trillion in May, up from ₦5.972 trillion a month earlier, driven by higher crude oil and condensate [...]

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