{
  "id": 10698588,
  "title": "NNPC’s profit rises 33% to N7.2tn, remits N22.3tn to government",
  "url": "https://urgent.news/2026/09/29/nnpcs-profit-rises-33-to-n7-2tn-remits-n22-3tn-to-government",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-29T13:40:53.000Z",
  "source": {
    "name": "Punch",
    "slug": "punch",
    "url": "https://punchng.com/nnpcs-profit-rises-33-to-n7-2tn-remits-n22-3tn-to-government/"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Nigerian National Petroleum Company Limited (NNPC) recorded a 33% increase in profit after tax to N7.2tn in 2025, despite a decline in revenue due to falling crude oil prices and reduced product volumes. Group Chief Executive Officer Bayo Ojulari disclosed these figures during a media interaction, noting that the company's improved profitability came from operational enhancements and financial discipline. The remittances to the government, which include taxes, royalties, and other payments, rose by 39% to N22.3tn. Ojulari highlighted that crude oil and condensate output reached a five-year high of 1.77 million barrels per day, while Nigerian gas supply also hit a three-year peak of 7.2 billion standard cubic feet per day.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Punch Nigeria",
        "title": "NNPC’s profit rises 33% to N7.2tn, remits N22.3tn to government",
        "url": "https://urgent.news/2026/09/29/nnpcs-profit-rises-33-to-n7-2tn-remits-n22-3tn-to-government-10703503",
        "published": "2026-09-29T14:06:53.000Z"
      },
      {
        "outlet": "This Day",
        "title": "Breaking: NNPC’s Profit Up 33% to N7.2tn as Revenue Hits N34.5tn",
        "url": "https://urgent.news/2026/09/29/breaking-nnpcs-profit-up-33-to-n7-2tn-as-revenue-hits-n34-5tn",
        "published": "2026-09-29T15:05:51.000Z"
      },
      {
        "outlet": "Nairametrics",
        "title": "NNPC profit rises 33% to N7.2 trillion in 2025 despite revenue decline",
        "url": "https://urgent.news/2026/09/29/nnpc-profit-rises-33-to-n7-2-trillion-in-2025-despite-revenue-decline",
        "published": "2026-09-29T16:39:23.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}