BUSINESSTHE RIO TIMES
NNPC Profit Falls 35% to About US$1.7 Billion in First Half
NNPC's profit after tax fell 35.4% to N2.28 trillion in the first half of 2026, equivalent to about US$1.7 billion, with remittances to Nigeria's Federation Account also decreasing.
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Adjacent reporting
- NNPC profit falls to ₦462 billion despite higher oil production in May
- NNPC posts ₦535 billion profit, records 1.72 million barrels daily oil output in June
- Nigeria’s Banks Lose Their Crown as Profits Fall 16%
- Nigeria’s merchandise trade hits N34.8 trillion in Q1 2026 as exports outpace imports – NBS
- Unilever Nigeria raises interim dividend fourfold amid slight increase in half-year profit
- Nigeria’s Reserves Hit a 17-Year High of $51 Billion