Post by Proshare (@Proshare)

NNPC generated more revenue in February, but profit crashed 65%. A presidential directive ended NNPC's 30% profit-retention deal. Analysts warn that squeezing NNPC's retained earnings may weaken its capacity to reinvest in upstream infrastructure, trading short-term fiscal gains for long-term production fragility.

https://proshare.co/articles/nnpc-revenue-rises-as-profit-slumps-amid-higher-government-remittances?menu=Economy&classification=Read&category=Nigeria

NNPC generated more revenue in February, but profit crashed 65%. A presidential directive ended NNPC...

0 likes · 0 comments · 0 shares