NNPC Profit Falls 35% to About US$1.7 Billion in First Half

NNPC profit after tax fell 35.4% to N2.28 trillion in the first half of 2026, and remittances to Nigeria's Federation Account fell further still.

HSBC saw pre-tax profits for the first half of the year increased by 23%, the bank has revealed.Interim results reported a 3.7 billion dollar (£2.75 billion) rise in profit before tax to 19.5 billion dollars (£14.5 billion) compared with the same period last year.The bank said the growth was driven by higher net intere

HSBC saw pre-tax profits for the first half of the year increased by 23%, the bank has revealed.Interim results reported a 3.7 billion dollar (£2.75 billion) rise in profit before tax to 19.5 billion dollars (£14.5 billion) compared with the same period last year.The bank said the growth was driven by higher net intere

The Nigerian National Petroleum Company Limited (NNPC) recorded a N2.27tn profit in the first half of 2026, driven by higher crude oil prices. Learn more a