NNPC Profit Rises 33% To ₦7.2 Trillion Despite Lower Oil Prices - Business (2)

NNPC Profit Rises 33% To ₦7.2 Trillion Despite Lower Oil Prices - Business (2) - Nairaland

Nairaland Forum › Nairaland General › Business › NNPC Profit Rises 33% To ₦7.2 Trillion Despite Lower Oil Prices (1830 Views)

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Re: NNPC Profit Rises 33% To ₦7.2 Trillion Despite Lower Oil Prices by Kukutente23: 7:55am On Sep 30

Gboss247:
Saudi Arabia was quick to realize the benefits of capitalism while Nigeria was practicing communism expecting capitalist result.

Who told you Saudi practices capitalism? Aramco is state owned

Re: NNPC Profit Rises 33% To ₦7.2 Trillion Despite Lower Oil Prices by emperor4love(m): 7:58am On Sep 30

There workers go de buga

Re: NNPC Profit Rises 33% To ₦7.2 Trillion Despite Lower Oil Prices by Gboss247(m): 8:25am On Sep 30

[quote author=AderonkeOlaniyi post=140784242]They keep declaring massive profits while the citizens suffer severe hardship and starvation.[/qoute/]

Re: NNPC Profit Rises 33% To ₦7.2 Trillion Despite Lower Oil Prices by gidob(m): 8:30am On Sep 30

Sheuns:
Oil prices aren’t falling. They’ve been at 90-100 a barrel at least for most part of this year.

the financial statement is for 2025.

Re: NNPC Profit Rises 33% To ₦7.2 Trillion Despite Lower Oil Prices by gidob(m): 8:31am On Sep 30

Kukutente23:
Falling oil prices ke
Abi Iran war nor reach NNPC side ni
Where is Dangote

the profit is for 2025, Iran war happened in 2026

Re: NNPC Profit Rises 33% To ₦7.2 Trillion Despite Lower Oil Prices by Gboss247(m): 8:36am On Sep 30

Kukutente23:
Who told you Saudi practices capitalism? Aramco is state owned

There are two types of government organizations, the nationalized corporation and the commercial corporation.
Nationalized corporation is the government organizations formed primarily to produce goods and services not profit and subsidized by the government.
Former NNPC, default Nigerian Airways, Nitel, NEPA/PHCN are good examples.
Commercial corporation is the government organization formed primarily for profit making. The current NNPCL is a good example. NNPCL declares its first profits after petrol subsidy been the last subsidy was removed in May 2023.
Countries like Saudi Arabia, Qatar, UAE, Norway have adopted state capitalism where government makes money. They do this using Sovereign Wealth Funds (government investment company, SWF) are invest in profitable companies within and outside the country, declare profits, build infrastructures from it and pay its citizens.
Saudi Arabia Public Investment Fund (PIF) is a good example

Re: NNPC Profit Rises 33% To ₦7.2 Trillion Despite Lower Oil Prices by Bluntemperor: 8:51am On Sep 30

The NNPC and its Subsidiaries Are Really Fooling NIGERIANS - that is a FACT !
•How Can An Organization that have 4- Refineries - that is Not Working,yet Declaring Profits ?
Assuming Dangote Refinery Does Not Exists or Works,
So How Would Nigeria Fuel ⛽ Production And Living Be Now- Hell of a Life!
But Every Govt and the Present One Are All Benefiting From this Crass Opportunities - by Not Knowing What they Can Do to Make Nigerians Feel the Positive -Impacts of A Nation of Crude OIL 🛢️🪔 production!
• Is this How Saudi Aramco is doing business - you Produce Nothing,but you are declaring Profit - that is FAKE IDENTIFY 🫆!
•They Are Just Selling Lies to NIGERIANS And Until NNPC -it is dismantle nothing is coming because Nothing is Produced here!
tueh,tueh🥳

Re: NNPC Profit Rises 33% To ₦7.2 Trillion Despite Lower Oil Prices by mikeapollo: 9:34am On Sep 30

NNPC declaring profits for who, and for what purpose?
People are suffering, businesses are collapsing due to removal of subsidy, and the national oil company is declaring profits from sale of petroleum products

Re: NNPC Profit Rises 33% To ₦7.2 Trillion Despite Lower Oil Prices by motionarena: 9:55am On Sep 30

is NNPC for Nigerians or Private people

Re: NNPC Profit Rises 33% To ₦7.2 Trillion Despite Lower Oil Prices by Gboss247(m): 2:54pm On Sep 30

mikeapollo:
NNPC declaring profits for who, and for what purpose?
People are suffering, businesses are collapsing due to removal of subsidy, and the national oil company is declaring profits from sale of petroleum products

Are is NNPCL profits relates to people are suffering?

Re: NNPC Profit Rises 33% To ₦7.2 Trillion Despite Lower Oil Prices by ElGenio39: 6:27pm On Sep 30

You don't even understand what it means to have good leadership. There is no point

Gboss247:
Are the foreign products you consumed daily paid for with naira or dollar?

Re: NNPC Profit Rises 33% To ₦7.2 Trillion Despite Lower Oil Prices by Gboss247(m): 8:08pm On Sep 30

ElGenio39:
You don't even understand what it means to have good leadership. There is no point

To be sincere, you just described yourself.

1 Like

Re: NNPC Profit Rises 33% To ₦7.2 Trillion Despite Lower Oil Prices by ElGenio39: 10:08pm On Sep 30

Na where your reasoning reach

Gboss247:
To be sincere, you just described yourself.

1 2 Reply

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