Does NNPC’s profit signal progress despite declining oil production?
by • 2h ago • 1 votes
The Nigerian National Petroleum Company Limited (NNPCL) reported a ₦136 billion profit for February 2026, driven largely by increased gas production. However, the report also showed a decline in Nigeria’s crude oil output during the same period. The mixed performance — stronger gas revenue alongside falling crude production — has sparked...
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