Statutory Remittances, Operational Expenses Cut NNPC Profit Margin To Below 10%
[mc4wp_form id=33047] The Nigerian National Petroleum Company (NNPC) Limited remitted N3.714tn to the Federal Government as statutory payments in the first four months of 2026, even as the state-owned energy company recorded a profit margin of less than 10 per cent despite generating nearly N13tn in revenue during the period. An analysis of the company’s…
