• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, October 28, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

NNPC Posts N3.3trn Net Profit, Declares N2.1trn Dividend For 2023

by Nse Anthony - Uko
1 year ago
in Business
NNPC
Share on WhatsAppShare on FacebookShare on XTelegram

The Nigerian National Petroleum Company (NNPC) Limited has declared a net profit of N3.297 trillion at the close of the financial year which ended in December 2023.

Advertisement

This indicated an increase of N700 billion or 28 per cent compared to the 2022 profit of N2.548 trillion.

The NNPC announced the release of its 2023 Audited Financial Statement (AFS) in Abuja on Monday, saying it was targeting 2mbpd crude oil production by December 2024.

Advertisement

Chief financial officer of the company, Umar Ajiya, who made these, said the NNPC Ltd will announce Initial Public Offer (IPO) once the shareholders and Board make a decision.

“Our fiscal performance reflects both strategic foresight and operational resilience. Despite inherent challenges of our operational and economic environment, we have improved the productivity and the financial performance of this great company,” Ajiya stated.

He added that the results demonstrated NNPC Ltd’s commitment to sustaining profitability and supporting the attainment of national energy security as stipulated by the Petroleum Industry Act (PIA) 2021, and by extension, as expected by the oil company’s shareholders.

RELATED NEWS

FirstBank Redeems $350m Eurobond, Demonstrates Strong Liability Management

Petralon 54 Inaugurates Community Development Trusts For Dawes-Island In Rivers

Oyedele To Deliver Keynote Address At Haulmace 10th Anniversary

Ouattara Secures Landslide Victory For Fourth Term As President Of Ivory Coast

Join Our WhatsApp Channel


SendShareTweetShare

OTHER NEWS UPDATES

FirstBank Redeems $350m Eurobond, Demonstrates Strong Liability Management
Business

FirstBank Redeems $350m Eurobond, Demonstrates Strong Liability Management

45 minutes ago
Petralon 54 Inaugurates Community Development Trusts For Dawes-Island In Rivers
Business

Petralon 54 Inaugurates Community Development Trusts For Dawes-Island In Rivers

3 hours ago
Tax Reform Bill: Experts Commend Waiver For Income Earners Below N800,000
Business

Oyedele To Deliver Keynote Address At Haulmace 10th Anniversary

3 hours ago
Advertisement
Leadership join WhatsApp

LATEST UPDATE

Drug Parties Are Illegal, NDLEA Warns Nightclub Owners, Fun Seekers

12 minutes ago

BhadBoi OML’s Song ‘Wasiu Ayinde’ Tops TikTok’s 2025 Summer Chart

43 minutes ago

FirstBank Redeems $350m Eurobond, Demonstrates Strong Liability Management

45 minutes ago

FCCPC Hails Court Verdicts Against Multichoice, Peace Mass Transit

51 minutes ago

Amotekun Operative’s Pregnant Wife Stages Lone Protest Over ‘Missing Husband’ In Ondo

57 minutes ago
Load More

© 2025 Leadership Media Group - All Rights Reserved.

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

© 2025 Leadership Media Group - All Rights Reserved.