NNPC Declares N674bn Profit after Tax for 2021 Financial Year
The Nigerian National Petroleum Company (NNPCL) recently declared a Profit After Tax (PAT) of N674 billion for the 2021 financial year.
The amount is 134.8 per cent higher than the N287 billion announced by the company in 2020.
The Group Chief Executive Officer, NNPCL, Mallam Mele Kyari, who made the declaration in Abuja recently, stated that the profit was driven by the company’s activities in the upstream as well as gas and power.
He also announced that the shareholders’ fund position grew to N2.81 trillion, an increase of 144 per cent.
Details later…
Related Posts
Microsoft South Africa hires Vukani Mngxati as New CEO
Microsoft has appointed Vukani Mngxati as the new Chief Executive Officer of Microsoft South Africa The announcement underscores…
By
Mastercard Foundation appoints Sewit Ahderom as next President & CEO
The Mastercard Foundation has appointed Sewit Ahderom as its next President and CEO, succeeding Reeta Roy, who will…
Puma Energy opens first Hybrid CNG station in Tanzania
Puma Energy has marked a significant milestone in Tanzania’s energy sector with the official opening of its first…
Tanzania:CRDB Bank, GIZ launch Sh3bn Fund for entrepreneurs
The CRDB Bank Foundation (CBF), in collaboration with the German development agency GIZ, unveiled a transformative Sh3 billion…
Gallery
