Nigeria, Aug. 22 -- Nigerian National Petroleum Company Limited (NNPC Ltd) recorded a profit after tax of N185 billion for July, its latest monthly report shows

This represents a drop from the N905 billion recorded in June, which was at the time, a drop from the N1.054 trillion recorded in May.

The exact cause of this significant decline remains unclear as of press time.

The company, in its report summary released on Thursday 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 N7.965 trillion to the federation account within the first six months ...