NNPC Reports Record Profit of ₦3.3 Trillion for 2023, Declares ₦2.1 Trillion Dividend

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced a record profit of ₦3.3 trillion for the 2023 financial year.

Addressing reporters on Monday, NNPC Ltd.’s Chief Financial Officer, Umar Ajiya, emphasized that this profit is the highest ever recorded by the company since its inception.

In addition to the remarkable profit, NNPC Ltd. declared a dividend of ₦2.101 trillion for the 2023 fiscal year.

According to the News Agency of Nigeria (NAN), this year’s profit surpasses the ₦2.548 trillion profit reported by the national oil company for the 2022 financial year by over ₦1 trillion.