Business
NNPC reports N3.3 trillion profit, declares N2.1 trillion dividend
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced a profit of N3.3 trillion for the 2023 financial year.
This figure, disclosed by Chief Financial Officer Umar Ajiya during a press briefing on Monday, represents the highest profit the company has recorded since its establishment.
The 2023 profit exceeds the N2.548 trillion reported by NNPC Ltd. for the 2022 financial year, marking an increase of over N1 trillion.
Read Also:
Sen. Lokpobiri meets key stakeholders to resolve Dangote refinery issues
NNPC vows to end fuel queues, denies $6.8 billion debt claim
Additionally, NNPC Ltd. declared a dividend of N2.1 trillion for the 2023 financial year.
Further details on the company’s financial results are expected to be released shortly.
