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The NNPC Limited has remitted N19.5 trillion to the Federation Account over fourteen months following a series of structural operational overhauls. Bayo Ojulari, the group chief executive officer, announced the figures during an energy conference in Abuja. The state-backed energy firm also clawed back $3.4 billion in expenses through aggressive contract restructuring and procurement adjustments….
Higher crude flows failed to lift the bottom line for the Nigerian National Petroleum Company Limited in May 2026, as the state oil firm recorded a profit after tax of N462 billion, down from the N481 billion posted in April, despite pumping its most crude in nearly a year. The company’s Monthly Report Summary…
