State oil company, the Nigerian National Petroleum Company Ltd (NNPCL) has reported a record-breaking net profit of N3.3 trillion for the 2023 financial year.
This marks a substantial 27.6% increase from the N2.58 trillion in the corresponding period of 2022.
It also signifies the highest profits ever declared in NNPC Limited’s history, and since it transitioned to a profit-making entity in 2020 after the enactment of the PIA into law.
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