NNPC Ltd. posts N674bn profit For The Financial Year 2021. Gains 134.8% Growth

The Nigerian National Petroleum Company (NNPC Limited) has declared a profit after tax (PAT) of N674 billion for the year ended 2021.

The group chief executive officer (GCEO), NNPC Limited, Mele Kyari made this known in a briefing on Tuesday.

Kyari said, “Today I’m happy to announce that the Board of NNPC has approved 2021 audited fin. statements & NNPC has progressed to a new performance level, from N287Bn profit in 2020 to N674Bn profit after tax in 2021, climbing higher by 134.8% YoY profit growth,” he said.

The 2021 financial year made it the fourth consecutive year that the NNPC will be opening its book for public scrutiny.

In 2018 when the NNPC first made account statement public, it reported a loss of N803.9 billion.