NNPC’s profit drops by 48% as crude oil sales drop to 21mbpd

BusinessDay | 02-09-2026 08:51am |

The Nigerian National Petroleum Company (NNPC) has reported a significant drop in its profits, which fell by 48%. This decrease is mainly due to a reduction in crude oil sales, which have dropped to 21 million barrels per day (mbpd). Additionally, the company's revenue has also slowed down by 31%. This situation indicates that NNPC is facing challenges in its oil sales, impacting its overall financial performance.

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