The Nigerian National Petroleum Company Limited (NNPC Ltd) reduced its total liabilities by N19.58 trillion in 2025, even as its assets declined by N17.61 trillion during the year. According to the company's 2025 financial results, total liabilities fell by 37.1 per cent from N52.77 trillion in 2024 to N33.19 trillion in 2025. Similarly, total assets declined by 10.8 per cent from N162.67 trillion in 2024 to N145.06 trillion. The decline in assets came as NNPC's revenue fell by 23.4 per cent from N45.08 trillion in 2024 to N34.52 trillion in 2025, which the company attributed principally to lower crude oil prices and reduced white-product volumes following the deregulation of the petroleum products market in 2024.
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