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
NEW: Standard Bank Namibia launches China’s CIPS payment system
Standard Bank Namibia has become the first bank in the country to launch Cross-Border Interbank Payment System (CIPS)…
By
Henos Energy launches first drive-thru LPG outlet in Ghana
Henos Energy has officially commissioned Ghana’s first Drive-Thru Cylinder Distribution Outlet (CDO) at East Legon Hills in Accra,…
Coronation Insurance concludes year-long recapitalisation under new Insurance Act
Coronation Insurance Plc and Coronation Life Assurance Limited have successfully met the new minimum capital requirements under the…
CIC Insurance launches new CIC Impact
-To target Kenya’s microinsurance market CIC Insurance Group has officially launched CIC Impact, a specialized microinsurance subsidiary aimed…
Gallery
