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Nigeria's NNPC reports strong profits despite oil production dip, plans major investments.
Nigeria's state-owned oil company, NNPC, reported a revenue of N5.89 trillion and a profit of N748 billion in April 2025.
Despite a decline in crude oil production, the company plans to boost Nigeria's economy through four major investment decisions this year, including the Brass Fertiliser Project.
The government also clarified that no final decision has been made regarding a potential crude oil sale, dismissing media speculation.
The company's release of financial details marks a step toward increased transparency, addressing longstanding issues of public mistrust.
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La NNPC de Nigeria informa de fuertes ganancias a pesar de la caída de la producción de petróleo, y planea grandes inversiones.