Nigeria, July 22 -- Nigerian National Petroleum Company Limited (NNPC Ltd) recorded a profit after tax of N905 billion for June, its latest monthly report shows.

This represents a drop from the N1.054 trillion recorded in May.

The company, in its report summary released on Monday night, highlighted key figures, including crude oil and condensate production, natural gas output, revenue, profit after tax, and strategic initiatives during the period.

In the report, the state-owned oil company posted a statutory payment of N6.96 trillion to the federation account within the first five months of 2025 (January -May), up from the N5.583 trillion it remitted from January to April.

The report also shows that the national oil company generated ...