Energy
NNPC Ltd. declares N3.3trn profit for 2023 financial year
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., Alhaji Umar Ajiya who addressed newsmen on Monday on the development, said that this was the highest profit declared by the company since inception.
ALSO READ: NERC’s deregulation spurs rising costs, deepens metering crisis
Meanwhile, NNPC Ltd. has declared N2.101 trillion as dividend for 2023 financial year.
National Daily gathered that 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.
-
Trending Stories1 week agoDavido, Wizkid, Burna Boy or Asake: Who is having the biggest 2026 so far?
-
Football1 week agoPremier League releases 2026/27 festive fixtures, 7 matches set for Boxing Day
-
Crime6 days agoAnambra Police arrest mother over alleged child sexual exploitation
-
Business5 days agoJetour Nigeria, dealers take dashing, other models to Abuja Experience
-
Business6 days agoDangote Refinery IPO shifts spotlight to corporate governance, investor protection
-
Business3 days agoDangote IPO rush crashes Bamboo login as investors flood platform
-
Business2 days agoAbuja gears up for Jetour T2’s rugged-luxury experience
-
Business4 days agoNigeria Business Outlook: Dangote IPO, markets, inflation and naira in focus this week