Our reporter/ The Nigerian National Petroleum Company (NNPC) Limited made a profit of N2.548 trillion at the close of the financial year which ended in December 2022.
This is contained in the firm’s financial performance document made available to reporters on Wednesday.
According to the document, the 2022 profit figure signifies the “highest profit since the inception” of the national oil firm.
In the document which shows a 5-year period performance, the company said it posted a loss of N803 billion in 2018 and further down to N1.7 billion in 2019.
However, in 2020, the national oil firm said it posted its ‘first ever’ profit of N287 billion, describing it as “the turning point”.
The oil giant continued with the positive trend,recording a N674.1 billion profit in 2021.
Leave a Reply