
NNPC Profit Rises 33% to N7.2 Trillion as Oil Output Hits Five-Year High
NNPC Limited reported a 33% rise in profit after tax to N7.2 trillion for 2025, even as revenue fell 24%, with crude output at a five-year high of 1.77m bpd.
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NNPC Limited reported a 33% rise in profit after tax to N7.2 trillion for 2025, even as revenue fell 24%, with crude output at a five-year high of 1.77m bpd.

Nigeria's upstream regulator has recovered about 50 dormant oil fields from non-performing operators as it enforces drill-or-drop rules to lift output.

The National Sugar Development Council has unveiled a $7.1 billion, ten-year investment plan to lift annual sugar production above two million tonnes and cut reliance on imports.
According to the minister, Nigeria was producing less than one million barrels per day of crude oil and condensate when the current...
Nigeria has a large agricultural market and significant production potential, but gaps in processing, technology, productivity and...
Instead of immediately borrowing heavily to purchase machinery or establish a dedicated factory, an entrepreneur could use shared...

The Nigerian Upstream Petroleum Regulatory Commission has given affected operators until October 31, 2026, to disclose their ...
The offshore programme is expected to add about 40,000 barrels a day and marks a return to drilling by the Exxon affiliate after a decade.