Daily Post· 1h ago· 1 min read
Nigerian National Petroleum Company Limited, NNPCL has released its financial statement for June 2026.
According to the financial statement released on X on Friday, the state-owned oil company recorded a profit after tax, PAT of N535 billion in June.
This represents a 15.8 per cent increase from the N462 billion recorded in May.
NNPCL noted that the N535 billion PAT was generated from total revenue of N4,389 billion for the month, while cumulative statutory payments to the Federation for the period from January to June 2026 increased to N6,286 billion, underscoring the company's sustained contribution to national revenue generation.
Average crude oil and condensate production witnessed a slight dip, standing at 1.72 million barrels per day, mmbopd, compared to 1.73 million barrels per day in May. The decline was attributed to operational disruptions, facility integrity issues, and…
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