NNPCL declares N3.3 trillion profit for 2023 financial year
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has declared N3.3 trillion in profit for the 2023 financial year.
Chief financial officer of NNPC Ltd., Umar Ajiya, who addressed journalists on Monday on the development, 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.
The profit declared by the national oil company for 2023 is over N1 trillion higher than the N2.548 trillion profit recorded in the 2022 financial year.
Details shortly…
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Education
UNICEF praises Nigerian government for rescuing kidnapped Oriire schoolchildren
UNICEF has commended the Nigerian government for rescuing 39 abducted schoolchildren and five teachers in Oyo state.
States
Yobe governor to spend N73 billion on agric empowerment, other projects
The Yobe government has approved N73.3 billion for various projects and services in the state.
Showbiz
Five things Nigerians need to know about FG’s FreeTV
The federal government has launched FreeTV, a subscription-free digital television platform designed to expand access to television services for millions of Nigerians.
Hot news Home top
South Africa’s Du Plessis, Nigeria’s Usman face off in UFC showdown in Oklahoma
The middleweight main event takes place at the Ultimate Fighting Championship (UFC) Fight Night in Oklahoma City, Oklahoma, U.S.
Africa
UK sanctions 11 people, entities linked to illicit gold networks fuelling Sudan’s war
London said the sanctions are intended to disrupt networks using Sudan’s gold trade to finance the conflict.
Africa
Eleven children killed, 19 injured in Algeria orphanage fire
President Abdelmadjid Tebboune described the tragedy as a huge loss.Â
