NNPC DECLARES N3.3 TRILLION PROFIT FOR 2023 AMIDST FUEL SCARCITY

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NNPC DECLARES N3.3 TRILLION PROFIT FOR 2023 AMIDST FUEL SCARCITY

The Nigerian National Petroleum Company Ltd (NNPCL) has achieved a profit after tax of N3.3 trillion for the 2023 financial year.

On Monday, Chief Pius Akinyelure, Chairman of the NNPC Ltd Board, disclosed this news during a media briefing.

Akinyelure, pioneer Vice Chairman of Nigeria’s ruling party – the All Progressives Congress, said the company’s audited financial statement demonstrated remarkable profitability.

The figure reflects a significant increase of N749 billion from the N2.54 trillion reported in the previous financial year, 2022.

Additionally, the company has announced a dividend of N2.1 trilion for its shareholders.

About Dons Eze

DONS EZE, PhD, Political Philosopher and Journalist of over four decades standing, worked in several newspaper houses across the country, and rose to the positions of Editor and General Manager. A UNESCO Fellow in Journalism, Dr. Dons Eze, a prolific writer and author of many books, attended several courses on Journalism and Communication in both Nigeria and overseas, including a Postgraduate Course on Journalism at Warsaw, Poland; Strategic Communication and Practical Communication Approach at RIPA International, London, the United Kingdom, among others.

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