NNPC announces N674bn profit

The Nigerian National Petroleum Corporation Limited, on Tuesday declared a profit of N674 billion after tax for the year 2021.

The NNPC stated the results in a post on Twitter. 

According to the NNPCL the Board has approved the audited financial statements for 2021.

Statement quoted the Group Managing Director, Mele Kyari, declaring that “NNPCL has progressed to a new performance level, from N287bn profit in 2020 to N674bn profit after tax in 2021, climbing higher by 134.8% year-on-year profit growth.”