Nigeria, Sept. 27 -- Nigerian National Petroleum Company Limited (NNPC Ltd) recorded a profit after tax of N539 billion for August, its latest monthly report shows.

This is an increase from the N185 billion recorded in July and 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 company, in its report summary released on Friday 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 N8.86 trillion to the federation account within the first seven months of 2025 (January-July), up f...