Nigerian National Petroleum Company (NNPC) Limited is delivering its best financial results in years, with profits climbing steadily and revenue expanding at double-digit rates. However, findings by SBM Intelligence reveal a growing N6.3 trillion liabilities beneath those headline numbers.
NNPC reported a profit after tax of N4.6 trillion in 2024, up from N3.3 trillion a year earlier, according to its audited results.
Revenue climbed 32 percent to N31.5 trillion over the same period, with both figures projected to rise further in 2025 as
