NNPC posts N3.3 trillion net profit, declares N2.1 trillion dividend

Nigerian National Petroleum Company Limited (NNPC Ltd) announced Monday it recorded a net profit of N3.297 trillion at the close of the financial year ending December 2023.

On Monday, the NNPC Ltd, in a statement by its Chief Corporate Communications Officer, Olufemi Soneye, said this shows an increase of over N700 billion (28 per cent) compared to the 2022 profit of N2.548 trillion.

“The NNPC Limited has released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297 trillion at the close of the financial year which ended in December 2023, an increase of over N700 billion (28 per cent) when compared to the 2022 profit of N2.548 trillion,” the statement said.