Amid low investment arising from the onslaught in energy transition, the management of the Nigerian National Petroleum Company Ltd is sharply transforming the firm into a super-power with a record-breaking rise in assets by 322 per cent to N246.8tn.
The NNPCL silenced critics when it released its 2023 Audited Financial Accounts and declared a record pre-tax profit of N5.98tn and a net profit of N3.29tn. The state-owned oil firm also paid a tax valued at N2.69tn and declared a dividend of N2.1tn.
