Breaking: NNPC posts N3.3tn profit, declares N2.1tn dividend for shareholders

FILE PHOTO: The new logo of the privatised Nigeria oil company is seen at the NNPC Mega Gas Station in Abuja, Nigeria August 30, 2022. REUTERS/Afolabi Sotunde

From Adanna Nnamani, Abuja

The Nigerian National Petroleum Company Ltd (NNPCL) has demonstrated remarkable profitability, achieving a Profit After Tax of N3.3tn for the 2023 financial year.

Chief Pius Akinyelure, Chairman of the NNPC Ltd Board, disclosed this news during a media briefing on the company’s Audited Financial Statements on Monday.

This figure reflects a significant increase of N749bn from the N2.54tn reported in the previous financial year, 2022.

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

More details to follow….

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