Commodities
NNPC Reports Record Profit as Oil Production Hits Multi-Year Highs
Nigeria's state-owned oil company, NNPC Limited, reported its highest ever profit of ₦7.2 trillion in 2025, a 33% increase from the previous year.
The company's revenue stood at ₦34.5 trillion, down 24% due to lower crude oil prices and reduced white product volumes following market deregulation in 2024.
Despite these challenges, NNPC Limited's earnings per share increased by 32% to ₦35.9, while its operating cash flow grew 16% to ₦12.8 trillion.
The company declared a dividend of ₦5.8 trillion, up 35% from the previous year.