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
Safaricom Shareholders Approve KSh26.04 Billion Dividend
Safaricom shareholders have approved a final dividend of KSh0.65 per share, amounting to KSh26.04 billion for the financial…
ByKenya: Old Mutual launches Sh25m financial literacy training for teachers
The Old Mutual Group, in collaboration with the Kenya Institute of Curriculum Development (KICD), has launched an online…
Ghana: Fidelity Bank earns accreditation as cybersecurity establishment
Fidelity Bank Ghana has achieved a significant milestone in cybersecurity by obtaining accreditation from the Cyber Security Authority…
Ghana: AfDB’s US$650m rice development program to enhance food security in West Africa
The president of the African Development Bank Group, Dr. Akinwumi Adesina who announced this emphasised that the initiative…
Gallery
