NNPC profit drops as revenue slips by 29.6% in July

The Nigerian National Petroleum Company Limited (NNPCL) 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 latest figure represents a 47.9 per cent month-on-month drop in profit and…