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NNPC records N674bn PAT for 2021 financial year

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

Group Chief Executive Officer (GCEO) of NNPC Limited, Engr Mele Kyari, who made the announcement via the verified Twitter handle of the company, on Tuesday, said the development followed the approval of the 2021 audited financial statements by the Board of the oil company.

He added that the NNPC Limited had progressed to a new performance level from N287bn profit in 2020 to N674bn profit after tax in 2021, moving higher by 134.8% year on year profit growth.

Kyari wrote: “Today I’m happy to announce that the Board of #NNPC has approved 2021 audited financial 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%.”

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