Nigeria: NNPC’s fuel revenue plunges 78% amid Dangote-led price war
The Nigerian National Petroleum Company's revenue from petroleum products fell by 77.58% in 2025 to ₦2.17trn, according to data compiled by The Africa Report. The report states this is the company's lowest level in at least four years, and links the decline to a Dangote-led price war.
Why it matters: The fall in NNPC's petroleum revenue bears directly on the briefing's fiscal strain theme, since lower state oil income constrains public finances.