NNPC’s profit masks N6.3trn liability time-bomb

    Ibrahim Abubakar | Editor’s picks | Feb 24, 2026    
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Nigerian National Petroleum Company (NNPC) Limited is delivering its best financial results in years, with profits climbing steadily and revenue expanding at double-digit rates. However, findings by SBM Intelligence reveal a growing N6.3 trillion liabilities beneath those headline numbers.

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