• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, August 5, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

NNPC Posts N2.548trn Profit, Says It’s Highest Ever

by Agency Report
2 years ago
in Business
NNPC
Share on WhatsAppShare on FacebookShare on XTelegram

The Nigerian National Petroleum Company (NNPC) Ltd says it recorded a profit of N2.548 trillion in 2022.

Advertisement

The national oil company in its 2022 Financial Performance Report posted online described the profit as the highest since its inception in 1977.

The financial report stated that it recorded a loss of N803 billion in 2018 and N1.7 billion loss in 2019.

According to the report, 2020 recorded N287 billion profit which it tagged ‘’Turning Point’’ while in 2021, the company’s profit continued to grow to N674.1 billion tagged ‘’Assurance’’.

The report stated that the profit which continued to rise up to N2.548 trillion in 2022.

RELATED

Rivers Set To Unlock New Frontiers As Port Harcourt Transforms To Int’l Energy Hub

Rivers Set To Unlock New Frontiers As Port Harcourt Transforms To Int’l Energy Hub

53 minutes ago
FULL LIST: Forbes Names Otedola Among Africa’s Top 20 Richest

‘Banks Sent Pretty Ladies To Me For Deposit, Asked Thugs To Recover Debt’, Billionaire Otedola Reveals

3 hours ago

The News Agency of Nigeria (NAN) reports that the NNPC Ltd had between Dec. 30, 2023 and Jan. 5, 2024 recorded 157 incidents of crude oil theft from seven incident sources and arrested 17 suspects.

The sources included the Nigeria Agip Oil Company, Pipeline Infrastructure Nigeria Ltd, Maton Engineering Ltd, Tantita Security Service Ltd, Shell Petroleum Development Company (SPDC), NNPC Command and Control centre and Government Security Agencies.

Its report stated that in the past week, 52 illegal refineries were discovered and destroyed in Abia, Imo, Rivers and Bayelsa states while 32 illegal connections were uncovered in several parts of the Niger Delta.

They were removed and repaired along central corridor in the Niger Delta while seven illegal storage sites were uncovered in Akwa Ibom state and buried crude drums unearthed in bushes in Bayelsa and Warri, Delta.

The company said there was no backing down on the menace until it was eradicated. (NAN)


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: NNPC
SendShareTweetShare
Previous Post

Onana To Miss AFCON Start For Premier League Game

Next Post

Tinubu Hails GTB Founder, Fola Adeola, At 70

Agency Report

Agency Report

You May Like

Rivers Set To Unlock New Frontiers As Port Harcourt Transforms To Int’l Energy Hub
Business

Rivers Set To Unlock New Frontiers As Port Harcourt Transforms To Int’l Energy Hub

2025/08/05
FULL LIST: Forbes Names Otedola Among Africa’s Top 20 Richest
Business

‘Banks Sent Pretty Ladies To Me For Deposit, Asked Thugs To Recover Debt’, Billionaire Otedola Reveals

2025/08/05
HEIRS Energies CEO To Advocate Africa’s Energy Sufficiency At US-Africa Energy Forum
Business

HEIRS Energies CEO To Advocate Africa’s Energy Sufficiency At US-Africa Energy Forum

2025/08/05
CBN Anchors Economic Stability With New Rates
Business

CBN Anchors Economic Stability With New Rates

2025/08/05
REA, Yobe Set To Convene Strategic Roundtable On 2023 Electricity Act
Business

REA, Esodora Sign MoU To Boost Energy Access Nationwide

2025/08/05
Abbey Mortgage Bank’s New Board Anticipates Growth
Business

Abbey Mortgage Appoints Okonkwo As ED

2025/08/05
Leadership Conference advertisement

LATEST

New APC Chairman Yilwatda Presides Over First NWC Meeting

Rwanda Agrees To Take 250 Migrants From US

Ex-Romanian President Iliescu Dies At 95

‘Tinubu’s Gov’t Worse Than Buhari’, Says Ex-Police Affairs Minister Waziri

Jigawa Releases N1.5bn For Civil Servants’ 2025 Agric Scheme

JUST-IN: Benue Assembly Suspends 5 Lawmakers

Lassa Fever: Nigeria’s Death Toll Rises To 155

‘Fish Out Killers Of 2 Youths,’ Benue Gov Orders Security Agencies

Rivers Set To Unlock New Frontiers As Port Harcourt Transforms To Int’l Energy Hub

Rotational Presidency Undermines Merit — Sowore

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.