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NNPC Limited Declares ₦5.4 Trillion Profit After Tax

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NNPC Limited has announced its financial performance for the full year ended 2024, reporting a Profit After Tax of ₦5.4 trillion on revenue of ₦45.1 trillion. The results, shared during its earnings call with analysts, underscore a year of strong operational delivery.

Andy Odeh, Chief Corporate Communications Officer, NNPC Ltd, Abuja disclosed this in a statement Monday.

He said building on this performance, the Company unveiled its strategic roadmap to drive sustained growth and support Nigeria’s energy transition through 2030. The plan prioritises increased oil and gas production and outlines a $60 billion investment pipeline across the energy value chain.

2024 Financial Highlights

NNPC Limited’s results demonstrate strengthened financial resilience and enhanced operational efficiency:

Revenue: ₦45.1 Trillion, 88% year-on-year growth

Profit After Tax: ₦5.4 Trillion, 64% year-on-year growth

Earnings Per Share: ₦27.07, 64% year-on-year growth

(News Diary)

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