Saudi Aramco’s latest financial results have reinforced the company’s reputation as the world’s most profitable national oil corporation, while at the same time placing Nigeria’s Nigerian National Petroleum Company (NNPC) Limited under renewed scrutiny.
Aramco announced a dividend payout of more than $21 billion after posting a robust third-quarter profit of $28 billion, a stark comparison to NNPC’s failure to remit a single dividend to Nigeria’s treasury through the first eight months of 2025, despite earning over N1.06 trillion from oil pr
