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
South Africa: Lula secures over $21m to boost SME funding
South African fintech Lula has secured R340 million (over $21 million) in local currency funding from the Dutch…
ByIfeyinwa Osime appointed Chair of Access Bank board
Access Holdings Plc has announced the appointment of Mrs. Ifeyinwa Osime as the new Chairman of the Board…
Simba Group, LAPO to enhance asset financing for mobility entrepreneurs
Simba Group, the exclusive distributor of TVS Tricycles (popularly known as Keke) and motorcycles in Nigeria, has entered…
Nedbank plans 66% acquisition of NCBA Group
South Africa’s Nedbank Group Limited has announced its intention to acquire a controlling 66% stake in NCBA Group…
Gallery
