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
Gulf Energy delivers onshore rig to Mombasa Port for Turkana Crude Oil Drilling
Kenya has taken another major step towards achieving its first crude oil production after Gulf Energy E&P BV…
ByNEW: Ardova Plc secures 100% stake in Powergas and PEL
Ardova Plc is set to expand its presence in Nigeria’s natural gas market after an Ardova-led consortium, including…
Afreximbank secures $529m guarantee and facility
To boost African trade infrastructure Afreximbank has taken significant steps to strengthen the infrastructure and financial architecture supporting…
Kenya Power showcases decade of transformation at Global Energy Forum
Kenya Power Managing Director and Chief Executive Officer Dr. (Eng.) Joseph Siror has highlighted the utility’s significant progress…
Gallery
