NNPC Reports N674bn Profit In 2021

The Nigerian National Petroleum Commission Limited says it generated N674 billion Profit After Tax (PAT) in 2021.

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

“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 N287 billion profit in 2020 to N674 billion profit after tax in 2021, climbing higher by 134.8 percent 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 an account statement public, it reported a loss of N803.9 billion.