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What does a 4.2% rise in revenue mean for the Nigerian National Petroleum Company Limited (NNPCL)? 🌍💰
NNPCL reported a significant revenue recovery in February, reaching N2.68 trillion, driven by a remarkable 148% increase in statutory remittances to N1.8 trillion. However, it’s worth noting that despite the revenue growth, profits saw a steep decline of 64.7%. With gas output rising by 2.4% but oil production down by 7.9%, it raises questions about the sustainability of these trends.
As we navigate a landscape where profits can fluctuate dramatically, it's crucial for both the industry and consumers to stay informed and adaptable.
What are your thoughts on the future of Nigeria's oil sector?
Read more about this development here: https://www.thisdaylive.com/2026/04/12/nnpcs-february-revenue-rises-4-2-to-n2-68tn-profit-slumps-by-64-7/
#NNPC #NigeriaOil #RevenueGrowth #EnergySector #MarketTrends
NNPCL reported a significant revenue recovery in February, reaching N2.68 trillion, driven by a remarkable 148% increase in statutory remittances to N1.8 trillion. However, it’s worth noting that despite the revenue growth, profits saw a steep decline of 64.7%. With gas output rising by 2.4% but oil production down by 7.9%, it raises questions about the sustainability of these trends.
As we navigate a landscape where profits can fluctuate dramatically, it's crucial for both the industry and consumers to stay informed and adaptable.
What are your thoughts on the future of Nigeria's oil sector?
Read more about this development here: https://www.thisdaylive.com/2026/04/12/nnpcs-february-revenue-rises-4-2-to-n2-68tn-profit-slumps-by-64-7/
#NNPC #NigeriaOil #RevenueGrowth #EnergySector #MarketTrends
What does a 4.2% rise in revenue mean for the Nigerian National Petroleum Company Limited (NNPCL)? 🌍💰
NNPCL reported a significant revenue recovery in February, reaching N2.68 trillion, driven by a remarkable 148% increase in statutory remittances to N1.8 trillion. However, it’s worth noting that despite the revenue growth, profits saw a steep decline of 64.7%. With gas output rising by 2.4% but oil production down by 7.9%, it raises questions about the sustainability of these trends.
As we navigate a landscape where profits can fluctuate dramatically, it's crucial for both the industry and consumers to stay informed and adaptable.
What are your thoughts on the future of Nigeria's oil sector?
Read more about this development here: https://www.thisdaylive.com/2026/04/12/nnpcs-february-revenue-rises-4-2-to-n2-68tn-profit-slumps-by-64-7/
#NNPC #NigeriaOil #RevenueGrowth #EnergySector #MarketTrends
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