NNPCL declares N3.3trn profit for 2023 financial year

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

Addressing journalists on Monday, Umar Ajiya, Chief Financial Officer of NNPC Ltd, said this was the highest profit declared by the company since its inception.

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

According to the News Agency of Nigeria (NAN), 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.