{"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 class=\"wp-block-paragraph\">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 class=\"wp-block-paragraph\">NNPC Gceo,  Bashir Bayo Ojulari<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">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 class=\"wp-block-paragraph\">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=721\">Abducted Oyo Pupils, Teachers Rescued After 56 Days in Captivity<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/fqradio.com\/?p=717\">First Batch of Evacuated Nigerians Arrive Home from South Africa Amid Xenophobic Tensions<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/fqradio.com\/?p=710\">Food and Beverages West Africa Exhibition Set for Landmark Event Centre This June<\/a><\/li>\n<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<\/ul>\n\n\n<p class=\"wp-block-paragraph\">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 class=\"wp-block-paragraph\">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 class=\"wp-block-paragraph\">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 class=\"wp-block-paragraph\">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 class=\"wp-block-paragraph\">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 class=\"wp-block-paragraph\">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 class=\"wp-block-paragraph\">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-cda6dc4f wp-block-post-template-is-layout-grid\"><li class=\"wp-block-post post-721 post type-post status-publish format-standard has-post-thumbnail hentry category-news 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=721\" target=\"_self\" >Abducted Oyo Pupils, Teachers Rescued After 56 Days in Captivity<\/a><\/h2>\n\n<div class=\"wp-block-post-excerpt\"><p class=\"wp-block-post-excerpt__excerpt\">Rescued Oyo Pupils and Teachers The abducted Oyo pupils and teachers have been rescued after 56 days in captivity following a coordinated security operation involving the military and other security agencies. By Uche Ikebudu The pupils and teachers abducted from three schools in Oriire Local Government Area of Oyo State have regained their freedom after&hellip;<\/p><p class=\"wp-block-post-excerpt__more-text\"><a class=\"wp-block-post-excerpt__more-link\" href=\"https:\/\/fqradio.com\/?p=721\">rea more<\/a><\/p><\/div>\n\n<div class=\"wp-block-post-date\"><time datetime=\"2026-07-12T06:35:57+00:00\">July 12, 2026<\/time><\/div><\/div>\n\n<\/li><li class=\"wp-block-post post-717 post type-post status-publish format-standard has-post-thumbnail hentry category-news 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=717\" target=\"_self\" >First Batch of Evacuated Nigerians Arrive Home from South Africa Amid Xenophobic Tensions<\/a><\/h2>\n\n<div class=\"wp-block-post-excerpt\"><p class=\"wp-block-post-excerpt__excerpt\">Hundreds of Nigerians return to Lagos as the Federal Government begins phased evacuation efforts following attacks on foreign nationals in South Africa. By Uche Ikebudu. Friday June 12, 2026 The evacuation of Nigerian citizens from South Africa gathered momentum on Wednesday as the first batch of returnees arrived in Nigeria following weeks of tension and&hellip;<\/p><p class=\"wp-block-post-excerpt__more-text\"><a class=\"wp-block-post-excerpt__more-link\" href=\"https:\/\/fqradio.com\/?p=717\">rea more<\/a><\/p><\/div>\n\n<div class=\"wp-block-post-date\"><time datetime=\"2026-06-12T16:31:48+00:00\">June 12, 2026<\/time><\/div><\/div>\n\n<\/li><li class=\"wp-block-post post-710 post type-post status-publish format-standard has-post-thumbnail hentry category-uncategorized\">\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=710\" target=\"_self\" >Food and Beverages West Africa Exhibition Set for Landmark Event Centre This June<\/a><\/h2>\n\n<div class=\"wp-block-post-excerpt\"><p class=\"wp-block-post-excerpt__excerpt\">Leading industry players, manufacturers, and investors to converge in Lagos for a three-day showcase of innovation, networking, and growth opportunities in West Africa\u2019s food and beverage sector. By Uche Ikebudu LAGOS, NIGERIA \u2014 The highly anticipated Food and Beverages West Africa (FAB West Africa) Exhibition is set to take place this June at the Landmark&hellip;<\/p><p class=\"wp-block-post-excerpt__more-text\"><a class=\"wp-block-post-excerpt__more-link\" href=\"https:\/\/fqradio.com\/?p=710\">rea more<\/a><\/p><\/div>\n\n<div class=\"wp-block-post-date\"><time datetime=\"2026-05-28T12:32:52+00:00\">May 28, 2026<\/time><\/div><\/div>\n\n<\/li><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&hellip;<\/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&hellip;<\/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-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&hellip;<\/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><\/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 v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\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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