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NNPC reports N3.3 trillion profit, declares N2.1 trillion dividend

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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.

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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.

Lawrence Agbo, a tech journalist for over four years, excels in crafting SEO-driven content that boosts business success. He also serves as an AI tutor, sharing his knowledge to educate others. His work has been cited on Wikipedia and various online media platforms.

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