NNPC profit drops 48% to N279bn as July revenue falls

By Obas Esiedesa, Abuja The Nigerian National Petroleum Company Limited (NNPC Ltd.) recorded a sharp decline in profitability in July 2026, with profit after tax (PAT) falling to N279 billion from N535 billion in June, amid lower revenue and declines in crude oil and natural gas production. The July figure represents a 47.9 per cent…