NNPC says its profit decreased by 79% to N185bn in July
[NigerianEye - Nigeria] - 22/08/2025
The Nigerian National Petroleum Company (NNPC) Limited has reported a profit after tax (PAT) of N185 billion for July. In its latest ‘Monthly Report Summary’ for July 2025, the national oil firm said the figure dropped by 79.56 percent from N905 billion recorded in June. The NNPC said the figure reflects the cost of sales and income tax adjustments. The company said a revenue of N4.406 trillion was recorded in the same period — down by 3.59 percent from N4.57 trillion. The figure represents the aggregate of groupwide revenues, including intercompany transactions, the NNPC said. According (…)
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