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
VFD Group appoints Ijeoma Emezie-Ezigbo as new Deputy Managing Director
VFD Group has appointed Ijeoma Emezie-Ezigbo as Deputy Managing Director, bringing a seasoned deal-advisory leader into its executive…
ByAnne Juuko leads East African Development Bank as new CEO
The East African Development Bank has appointed Anne Juuko as its new chief executive, placing a seasoned banking…
Etihad, Ibom Air sign new Interline agreement linking Nigeria to global network
Etihad Airways, the national carrier of the United Arab Emirates, and Nigerian airline Ibom Air have signed an…
Lazola Sikupela takes new role of HR Director, Africa at Diageo
Diageo has promoted Lazola Sikupela as Human Resources Director for Africa, elevating a leader who has risen through…
Gallery
