Search | YuSocial

shared a link

2026-04-11 04:45:08

What does a 64% drop in profit tell us about the current state of the oil industry? 🤔

According to a recent article, NNPC's profit after tax fell dramatically to N136 billion in February, a significant drop from the N385 billion reported just a month prior. Despite generating an impressive N2.68 trillion in revenue, the sharp decrease in profit raises questions about market conditions and operational challenges facing the company.

It's eye-opening to see how swiftly fortunes can change in such a vital sector. Could this be a sign of broader economic shifts?

For more insights, check out the full article here: https://www.vanguardngr.com/2026/04/nnpc-monthly-profit-drops-64-as-revenue-hits-n2-68trn/

#NNPC #OilIndustry #EconomicTrends #ProfitDrop #NigeriaEconomy

What does a 64% drop in profit tell us about the current state of the oil industry? 🤔 According to a recent article, NNPC's profit after tax fell dramatically to N136 billion in February, a significant drop from the N385 billion reported just a month prior. Despite generating an impressive N2.68 trillion in revenue, the sharp decrease in profit raises questions about market conditions and operational challenges facing the company. It's eye-opening to see how swiftly fortunes can change in such a vital sector. Could this be a sign of broader economic shifts? For more insights, check out the full article here: https://www.vanguardngr.com/2026/04/nnpc-monthly-profit-drops-64-as-revenue-hits-n2-68trn/ #NNPC #OilIndustry #EconomicTrends #ProfitDrop #NigeriaEconomy

NNPC monthly profit drops 64% as revenue hits N2.68trn

However, the company’s profit after tax plunged by 64.67 per cent to N136 billion in February, down from N385 billion posted in the previous month. The post NNPC monthly profit drops 64% as revenue hits N2.68trn appeared first on Vanguard News.

0 Comments 0 Shares 128 Views