NNPC declares after tax profit of N674bn for 2021

The Nigerian National Petroleum Company (NNPC) Limited on Tuesday declared an after-tax profit of N674 billion for the year 2021.

The Group Chief Executive Officer of NNPC, Mele Kyari, at a press conference in Abuja on Tuesday, said that the NNPC as a corporation grew its profit after tax from N287 billion in 2020 to N674 billion in 2021.

According to him, “Today I’m happy to announce that the Board of NNPC has approved 2021 audited financial statements and NNPC has progressed to a new performance level, from N287bn profit in 2020 to N674bn profit after tax in 2021, climbing higher by 134.8% YoY profit growth.”