{"id":591,"date":"2025-11-25T08:58:44","date_gmt":"2025-11-25T08:58:44","guid":{"rendered":"https:\/\/fqradio.com\/?p=591"},"modified":"2025-11-25T08:59:00","modified_gmt":"2025-11-25T08:59:00","slug":"nnpcs-banner-year-revenue-soars-to-45-trillion-naira-as-profits-jump-64","status":"publish","type":"post","link":"https:\/\/fqradio.com\/?p=591","title":{"rendered":"NNPC&#8217;s Banner Year: Revenue Soars to 45 Trillion Naira as Profits Jump 64%."},"content":{"rendered":"\n<p>This year&#8217;s financial earnings mark a remarkable leap for the group since its transition to a limited Liability Company.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"192\" height=\"129\" src=\"https:\/\/fqradio.com\/wp-content\/uploads\/2025\/11\/download-8.jpeg\" alt=\"\" class=\"wp-image-592\"\/><\/figure>\n\n\n\n<p>NNPC Gceo,  Bashir Bayo Ojulari<\/p>\n\n\n\n<p>By Uche Vera<div><br>Abuja, Nigeria \u2014 The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced a landmark financial performance for the fiscal year ended 2024, reporting an unprecedented surge in its earnings. The state-owned energy giant\u2019s audited financial statement reveals that its total revenue hit a staggering \u20a645.1 trillion, marking an impressive 88% year-on-year growth.<\/div><\/p>\n\n\n\n<p>The headline figure, however, is the \u20a65.4 trillion Profit After Tax (PAT), which represents a substantial 64% jump compared to the previous year. This performance, announced by NNPC Group Chief Executive Officer (GCEO), Bashir Bayo Ojulari, in Abuja on Monday, signifies one of the strongest financial outings since the company transitioned into a commercially driven entity under the Petroleum Industry Act (PIA).<\/p>\n\n\n<ul class=\"wp-block-latest-posts__list wp-block-latest-posts\"><li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/fqradio.com\/?p=702\">Interview: Naira Stability May be Tested By Global Oil Crisis.<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/fqradio.com\/?p=696\">Customs to End Routine Physical Cargo Inspection By December.<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/fqradio.com\/?p=685\">Agiville Industries Limited: Quality Assurance, Innovation and Customer Satisfaction are the Pillars of the Agiville Brand<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/fqradio.com\/?p=678\">Mallam Kasimu Garba Kurfi, The MD of APT Securities and Funds Limited Talks on the GDP Growth, Economic Reforms, MPR Among Other Issues<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/fqradio.com\/?p=671\">World Bank MD Hails Nigeria as Global Reference Point for Steady, Credible Reforms<\/a><\/li>\n<\/ul>\n\n\n<p>The GCEO attributed the exceptional results to several critical factors, including enhanced operational efficiency across the company\u2019s assets, the positive impact of downstream market reforms, and an &#8220;unwavering commitment to cost discipline.&#8221; He particularly noted that the Central Bank of Nigeria\u2019s decision to float the local currency positively impacted the company&#8217;s financial position, contributing significantly to the boosted profits.<\/p>\n\n\n\n<p>Ojulari emphasized that the robust earnings underscore the &#8220;positive momentum of our ongoing transformation&#8221; and offer a solid foundation for ambitious growth ahead. As a result of the strong financials, NNPC Ltd. has unveiled a comprehensive strategic roadmap aimed at sustaining this trajectory.<\/p>\n\n\n\n<p>Strategic Growth and Investment Pipeline<br>Building on its 2024 success, NNPC Ltd. outlined an aggressive growth agenda, backed by a planned $60 billion investment pipeline across the upstream, midstream, and downstream sectors by 2030. Key strategic targets include:<\/p>\n\n\n\n<p>Crude Oil Production: Scaling output to 2 million barrels per day (bpd) by 2027 and 3 million bpd by 2030.<\/p>\n\n\n\n<p>Natural Gas Production: Growing output to 10 billion standard cubic feet per day (bcf\/d) by 2027 and 12 bcf\/d by 2030.<\/p>\n\n\n\n<p>Gas Infrastructure: Fast-tracking key projects like the Ajaokuta-Kaduna-Kano (AKK), Escravos\u2013Lagos Pipeline System (ELPS), and Obiafu\u2013Obrikom\u2013Oben (OB3) pipelines to bolster domestic supply.<\/p>\n\n\n\n<p>The company is also reviewing the technical and commercial viability of its refineries, seeking technical equity partners to strengthen domestic energy security. Ojulari affirmed that the company is positioning itself as a &#8220;globally competitive energy company&#8221; capable of delivering sustainable returns while powering the future of Nigeria and Africa.<\/p>\n\n\n\n<div class=\"wp-block-query is-layout-flow wp-block-query-is-layout-flow\"><ul class=\"columns-3 wp-block-post-template is-layout-grid wp-container-core-post-template-is-layout-6d3fbd8f wp-block-post-template-is-layout-grid\"><li class=\"wp-block-post post-702 post type-post status-publish format-standard has-post-thumbnail hentry category-finance tag-economy tag-markets\">\n\n<div class=\"wp-block-group is-layout-flow wp-block-group-is-layout-flow\" style=\"padding-top:30px;padding-right:30px;padding-bottom:30px;padding-left:30px\"><h2 class=\"wp-block-post-title\"><a href=\"https:\/\/fqradio.com\/?p=702\" target=\"_self\" >Interview: Naira Stability May be Tested By Global Oil Crisis.<\/a><\/h2>\n\n<div class=\"wp-block-post-excerpt\"><p class=\"wp-block-post-excerpt__excerpt\">Mr Bolaji Soneye By Uche Vera In this Interview, Mr Bolaji Soneye, the Managing Director of Flotrade, a Lagos Based Foreign Exchange Firm talks on the unification of the Naira and how it has emerged as one of the biggest drivers of the Naira performance. He also spoke on the war in Iran and how<\/p><p class=\"wp-block-post-excerpt__more-text\"><a class=\"wp-block-post-excerpt__more-link\" href=\"https:\/\/fqradio.com\/?p=702\">rea more<\/a><\/p><\/div>\n\n<div class=\"wp-block-post-date\"><time datetime=\"2026-03-21T15:35:34+00:00\">March 21, 2026<\/time><\/div><\/div>\n\n<\/li><li class=\"wp-block-post post-696 post type-post status-publish format-standard has-post-thumbnail hentry category-maritime category-news tag-economy tag-markets tag-peak-performance\">\n\n<div class=\"wp-block-group is-layout-flow wp-block-group-is-layout-flow\" style=\"padding-top:30px;padding-right:30px;padding-bottom:30px;padding-left:30px\"><h2 class=\"wp-block-post-title\"><a href=\"https:\/\/fqradio.com\/?p=696\" target=\"_self\" >Customs to End Routine Physical Cargo Inspection By December.<\/a><\/h2>\n\n<div class=\"wp-block-post-excerpt\"><p class=\"wp-block-post-excerpt__excerpt\">By Uche Ikebudu Nigeria\u2019s customs authorities have announced plans to phase out routine physical inspections of cargo at ports across the country by December, a move aimed at modernising clearance processes and reducing delays in the movement of goods. The decision was disclosed by the Comptroller-General of the Nigeria Customs Service, Bashir Adewale Adeniyi, during<\/p><p class=\"wp-block-post-excerpt__more-text\"><a class=\"wp-block-post-excerpt__more-link\" href=\"https:\/\/fqradio.com\/?p=696\">rea more<\/a><\/p><\/div>\n\n<div class=\"wp-block-post-date\"><time datetime=\"2026-03-12T10:43:19+00:00\">March 12, 2026<\/time><\/div><\/div>\n\n<\/li><li class=\"wp-block-post post-685 post type-post status-publish format-standard has-post-thumbnail hentry category-industries category-promotional tag-economy tag-good-company tag-peak-performance\">\n\n<div class=\"wp-block-group is-layout-flow wp-block-group-is-layout-flow\" style=\"padding-top:30px;padding-right:30px;padding-bottom:30px;padding-left:30px\"><h2 class=\"wp-block-post-title\"><a href=\"https:\/\/fqradio.com\/?p=685\" target=\"_self\" >Agiville Industries Limited: Quality Assurance, Innovation and Customer Satisfaction are the Pillars of the Agiville Brand<\/a><\/h2>\n\n<div class=\"wp-block-post-excerpt\"><p class=\"wp-block-post-excerpt__excerpt\">By Uche Ikebudu Agiville Industries Limited is a proudly Nigerian manufacturing company committed to delivering high-quality plastic products that support environmental sanitation, sustainable living, and everyday convenience. Over the years, the company has built a strong reputation as a reliable producer of durable waste management solutions and plastic furniture designed to meet the needs of<\/p><p class=\"wp-block-post-excerpt__more-text\"><a class=\"wp-block-post-excerpt__more-link\" href=\"https:\/\/fqradio.com\/?p=685\">rea more<\/a><\/p><\/div>\n\n<div class=\"wp-block-post-date\"><time datetime=\"2026-03-09T17:03:06+00:00\">March 9, 2026<\/time><\/div><\/div>\n\n<\/li><li class=\"wp-block-post post-678 post type-post status-publish format-standard has-post-thumbnail hentry category-economy category-markets category-uncategorized tag-economy tag-good-company tag-markets tag-peak-performance tag-security\">\n\n<div class=\"wp-block-group is-layout-flow wp-block-group-is-layout-flow\" style=\"padding-top:30px;padding-right:30px;padding-bottom:30px;padding-left:30px\"><h2 class=\"wp-block-post-title\"><a href=\"https:\/\/fqradio.com\/?p=678\" target=\"_self\" >Mallam Kasimu Garba Kurfi, The MD of APT Securities and Funds Limited Talks on the GDP Growth, Economic Reforms, MPR Among Other Issues<\/a><\/h2>\n\n<div class=\"wp-block-post-excerpt\"><p class=\"wp-block-post-excerpt__excerpt\">Mallam Kasimu Garba Kurfi, MD, APT Securities and Funds Limited. By Uche Ikebudu Q: The GDP growth increased by 4.07 percent in Q4 2025. And Q2 2025, the GDP grew by 4.23 percent. This is the highest GDP growth in 10 years.What&#8217;s your take on the GDP growth trend and the economic reform policies of<\/p><p class=\"wp-block-post-excerpt__more-text\"><a class=\"wp-block-post-excerpt__more-link\" href=\"https:\/\/fqradio.com\/?p=678\">rea more<\/a><\/p><\/div>\n\n<div class=\"wp-block-post-date\"><time datetime=\"2026-03-04T18:18:55+00:00\">March 4, 2026<\/time><\/div><\/div>\n\n<\/li><li class=\"wp-block-post post-671 post type-post status-publish format-standard has-post-thumbnail hentry category-economy category-news tag-central-banks tag-economic-reforms tag-economy tag-world-bank\">\n\n<div class=\"wp-block-group is-layout-flow wp-block-group-is-layout-flow\" style=\"padding-top:30px;padding-right:30px;padding-bottom:30px;padding-left:30px\"><h2 class=\"wp-block-post-title\"><a href=\"https:\/\/fqradio.com\/?p=671\" target=\"_self\" >World Bank MD Hails Nigeria as Global Reference Point for Steady, Credible Reforms<\/a><\/h2>\n\n<div class=\"wp-block-post-excerpt\"><p class=\"wp-block-post-excerpt__excerpt\">Anna Bjerde, World Bank MD By Uche Vera ABUJA \u2014 Nigeria has become a frequent global reference point for steady and credible reform leadership, according to Anna Bjerde, the Managing Director (MD) for Operations at the World Bank. Bjerde made the statement on Tuesday during a visit to the State House in Abuja, where she<\/p><p class=\"wp-block-post-excerpt__more-text\"><a class=\"wp-block-post-excerpt__more-link\" href=\"https:\/\/fqradio.com\/?p=671\">rea more<\/a><\/p><\/div>\n\n<div class=\"wp-block-post-date\"><time datetime=\"2026-02-04T15:17:17+00:00\">February 4, 2026<\/time><\/div><\/div>\n\n<\/li><li class=\"wp-block-post post-673 post type-post status-publish format-standard hentry category-news category-uncategorized tag-counter-terrorism tag-nigerian-troops tag-peace-keeping-missions tag-us-troops tag-us-nigeria-joint-force\">\n\n<div class=\"wp-block-group is-layout-flow wp-block-group-is-layout-flow\" style=\"padding-top:30px;padding-right:30px;padding-bottom:30px;padding-left:30px\"><h2 class=\"wp-block-post-title\"><a href=\"https:\/\/fqradio.com\/?p=673\" target=\"_self\" >US Deplys Ground Troops to Nigeria in Expanded Security Cooperation<\/a><\/h2>\n\n<div class=\"wp-block-post-excerpt\"><p class=\"wp-block-post-excerpt__excerpt\">Us Troops on Ground in Nigeria By Uche Vera United States of America has deployed a contingent of ground troops to Nigeria, marking the first official acknowledgment of U.S. military personnel on Nigerian soil in recent history, officials confirmed on Tuesday. The deployment was announced by General Dagvin Anderson Commander of the United States Africa<\/p><p class=\"wp-block-post-excerpt__more-text\"><a class=\"wp-block-post-excerpt__more-link\" href=\"https:\/\/fqradio.com\/?p=673\">rea more<\/a><\/p><\/div>\n\n<div class=\"wp-block-post-date\"><time datetime=\"2026-02-04T15:00:40+00:00\">February 4, 2026<\/time><\/div><\/div>\n\n<\/li><\/ul><\/div>\n","protected":false},"excerpt":{"rendered":"<p>This year&#8217;s financial earnings mark a remarkable leap for the group since its transition to a limited Liability Company. NNPC Gceo, Bashir Bayo Ojulari By Uche Vera Abuja, Nigeria \u2014 The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced a landmark financial performance for the fiscal year ended 2024, reporting an unprecedented surge in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":592,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[106],"tags":[138],"class_list":["post-591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-nnpc"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NNPC&#039;s Banner Year: Revenue Soars to 45 Trillion Naira as Profits Jump 64%. -<\/title>\n<meta name=\"description\" content=\"NNPC profits increases by 64 percent to 5 trillion in the financial year ended December 2024. 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