NNPCL declares N3.29tr profit for 2023

The Nigerian National Petroleum Company Limited (NNPCL) on Monday, August 19, declared N3.29 trillion profit for the financial year 2023.

The Chief Financial Officer (CFO) of NNPCL, Umar Ajiya, made the declaration at a press 2023 Audited Financial Statement presentation in Abuja.

He said the profit grew by 28% from the N2.54 trillion recorded in 2022, N674.1 billion in 2021, N287.0 billion in 2020, N-1.7 billion in 2019, and N-1.7 billion.

Read Also: Coalition seeks independent leadership for NNPCL, oil & gas agencies

“Now, in 2023, profit has also grown by 28” from N2.5trillion to N3.297trillion, said Ajiya.

The CFO depicted the profit as a reflection of the commitment and hard work of the management and staff of NNPCL who have worked day and night to ensure this company is sustainable and in a growth trajectory.

He said the 2023 figure is the highest since the inception of the company. He said the profit is a reflection of the company’s 12 agenda.

Ajiya said in the period under review, consequently, NNPCL has declared N2.10 trillion.

Details shortly...

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