NNPCL declares N3.3trn profit for 2023 financial year

August 19, 2024

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Ibrahim Ramalan is a graduate of Mass Communications from the Ahmadu Bello University (ABU) Zaria. With nearly a decade-long, active journalism practice, Mr Ramalan has been able to rise from a cub reporter to the exalted position of an editor; first as Arts Editor with the Blueprint Newspapers before resigning in 2019; second and presently as an Associate Editor of the Daily Nigerian online newspaper. He can be reached via ibroramalan@gmail.com, or www.facebook.com/ibrahim.ramalana, or @McRamalan on Twitter.

The Nigerian National Petroleum Company Limited, NNPC Ltd., has declared N3.3 trillion profit for the 2023 financial year.

Chief Financial Officer of NNPC Ltd., Umar Ajiya, who addressed newsmen on Monday on the development, said that this was the highest profit declared by the company since inception.

Meanwhile, NNPC Ltd. has declared N2.101 trillion as dividend for 2023 financial year.

The profit declared by the national oil company for 2023 is over N1 trillion higher than the N2.548 trillion profit it recorded in the 2022 financial year.

Details later…

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