On Monday, August 19, the Nigerian National Petroleum Company Limited (NNPCL) announced a profit of N3.29 trillion for the 2023 financial year.
Umar Ajiya, the Chief Financial Officer (CFO) of NNPCL, revealed the figure during a press conference in Abuja, where the 2023 Audited Financial Statement was presented.
Ajiya noted that this profit represents a 28% increase from the N2.54 trillion recorded in 2022.
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This growth follows previous profits of N674.1 billion in 2021, N287.0 billion in 2020, and losses of N1.7 billion in 2019.
“Profit for 2023 has grown by 28% from N2.5 trillion to N3.297 trillion,” Ajiya stated.
He attributed this significant profit to the dedication and hard work of NNPCL’s management and staff, who have strived to ensure the company’s sustainability and growth. According to Ajiya, the 2023 profit is the highest since the company’s inception and reflects its commitment to its 12-point agenda.
Additionally, Ajiya reported that during the period under review, NNPCL has declared N2.10 trillion in dividends.
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