Commodities
NNPC Profit Falls 35% to N2.28 Trillion in H1 2026
The Nigerian National Petroleum Corporation (NNPC) Limited reported a profit after tax of N2.28 trillion in the first half of 2026, representing a 35.4% decline from the corresponding period in 2025.
Nairametrics' review of NNPC's monthly financial performance database revealed that the state-owned energy company was profitable throughout the first half of 2026, with its earnings increasing to N535 billion in June, the highest monthly profit for the period.
The revenue generated by NNPC reached a high of N4.389 trillion in June, supported by crude oil and condensate production averaging 1.72 million barrels per day.