Nigerian National Petroleum Company Limited recorded a profit after tax of N2.5 trillion for the 16 months to December 2022, its latest audited financials show.
The new report breaks away from the previous tradition that set the annual financial year end of the oil firm at around August, with subsequent financials likely to follow a 12-month cycle ending on 31 December like most companies.
Revenue for the period stood at N8.8 trillion, more than half of that supplied by proceeds from refined petroleum product sales.
