NNPCL Declares Over ₦‎3.29 Trillion In Profits

Extract from the NNPC Limited Energy Relations Stakeholders Engagement Meeting

— NNPCL has surpassed its 2024 profit targets, significantly growing its revenue from 8.82 trillion Naira in 2022 to a record 23.9 trillion Naira in 2023,

— NNPCL achieved a surge in profit to the tune of 3.29 trillion Naira for the first time in its 46-year history.

— This accomplishment is coupled with NNPCL’s strategic intervention in stabilizing the Nigerian economy, most notably through a $3 billion injection of foreign exchange liquidity.

— NNPCL has made substantial strides to ensure energy sufficiency, including the restart of the Port Harcourt refinery, in line with the Petroleum Industry Act of 2021.