The Nigerian National Petroleum Company Limited (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,
This is contained in an extract from the NNPC Limited Energy Relations Stakeholders Engagement Meeting on Friday.
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.
