The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced a profit of ₦3.3 trillion for the 2023 financial year.

Speaking to reporters on Monday, NNPC Ltd.’s Chief Financial Officer, Umar Ajiya, highlighted that this profit marks the highest ever recorded by the company since its establishment.

Additionally, NNPC Ltd. declared a dividend of ₦2.101 trillion for the 2023 fiscal year.

According to the News Agency of Nigeria (NAN), this year’s profit surpasses the ₦2.548 trillion profit reported by the national oil company in the 2022 financial year by over ₦1 trillion.

More details to follow.