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NNPC Posts Record ₦3.3 Trillion Profit for 2023 Fiscal Year

MAUREEN DAVIS by MAUREEN DAVIS
August 19, 2024
in Top Stories
0
NNPC Denies Allegations of Inflated Fuel Subsidy Claims Under Buhari Administration

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced a record profit of ₦3.3 trillion for the 2023 financial year, marking the highest earnings in the company’s history.

This substantial profit represents an increase of over ₦1 trillion from the ₦2.548 trillion reported for the 2022 fiscal year.

In addition to the impressive profit, NNPC Ltd. has declared a dividend of ₦2.101 trillion for the same period. Umar Ajiya, Chief Financial Officer of NNPC Ltd., highlighted the significance of these figures in a statement to reporters on Monday, emphasizing the company’s strong financial performance.

Further details on the financial results are expected to be released soon.

Tags: nigeriannpc
MAUREEN DAVIS

MAUREEN DAVIS

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