Commodities
NNPC Logs ₦7.2tn Profit, Eyes 2m bpd Oil Production Target
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has reported a significant increase in its profit after tax for the 2025 financial year. According to the company's Group Chief Executive Officer, Bayo Ojulari, NNPC recorded a profit of ₦7.2 trillion, representing a 33% increase from the ₦5.4 trillion recorded in 2024.
Despite the revenue decline by 24% to ₦34.5 trillion due to lower crude oil prices and reduced white product volumes following market deregulation in 2024, NNPC's earnings before interest, taxes, depreciation and amortisation (EBITDA) rose by 22% to ₦18 trillion.
The company also declared a dividend of ₦5.8 trillion, representing a 35% increase from the previous year.