NNPC’s Profit Drops By 64.7% To N136bn Amid N1.8trn Federation Account Remittance

The Nigerian National Petroleum Company Limited (NNPC Ltd) recorded a sharp 64.7 per cent month‑on‑month decline in profit after tax, which fell from N385 billion in January to N136 billion in February 2026, despite a 4.24 per cent rise in total revenue to N2.68 trillion. The profit drop coincided with a surge in government remittances, […]

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