Breaking News
NNPC Declares N287bn Profit in 2020
By Deji Elumoye and Emmanuel Addeh
President Muhammadu Buhari Thursday disclosed that the Nigerian National Petroleum Corporation (NNPC) for the first time in its 44-year history has declared a Profit After Tax (PAT) of N287 billion for the year 2020.
While noting that the agency’s losses were reduced from N803 billion in 2018 to N1.7 billion in year 2019, the president also directed the corporation’s management to henceforth ensure timely publication of its audited accounts.
Media Adviser to the President, Mr. Femi Adesina, who disclosed this in a release noted that the move was in fulfilment of an earlier pledge by the federal government to publicly announce the financial position of the NNPC.
More details later…
