NNPC profit drops 79.6% to N185bn in July, triggers mixed reactions

The Nigerian National Petroleum Company Limited (NNPC Ltd.) reported a significant 79.6% decline in its profit after tax, falling from N905 billion in June to N185 billion in July, according to its monthly financial report released on Thursday. The state-owned oil company also recorded a slight revenue decrease from N4.57 trillion in June to N4.41

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