NNPC set to post over N674bn profit, far behind Saudi Aramco’s $161.1 billion

The Chief Corporate Communications Officer of the Nigerian National Petroleum Company (NNPC) Limited, Garba-Deen Mohammad, has said the oil firm expects to surpass its 2021 net profit in the financial period of 2022.

NNPC had reported its profit in 2020 was N287 billion, a year after, the oil corporation saw its bottom line rise to N674 billion.

The state-run organisation has projected that its financials for 2022 will improve on the N674 billion profit recorded in 2021, media reports on Friday disclosed.