NNPC Records N13tn Revenue in Four Months, Profit Margin Remains Under 10%

NNPC made a massive N13 trillion in revenue from January to April, a testament to Nigeria's oil industry's continued strength. Despite this impressive revenue, the profit margin stayed under 10%, highlighting ongoing challenges in cost management and operational efficiency. This situation underscores the need for strategic reforms to maximize profitability and ensure sustainable growth in the sector, which is crucial for Nigeria's economic stability and development.