NNPC Limited has reported an unprecedented net profit of N3.3 trillion for the 2023 fiscal year. This marks a significant milestone for the state-owned oil corporation, showcasing its continued financial strength and operational efficiency.
The announcement comes as a boost to the Nigerian economy, reflecting NNPC Limited’s strategic initiatives and robust performance in the global oil market.
The company has attributed this record-breaking profit to improved production, cost optimization, and strategic investments in upstream and downstream operations.
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This achievement underscores NNPC Limited’s pivotal role in driving economic growth and sustaining revenue for the federation. The profit figures are expected to enhance investor confidence and support further development within Nigeria’s energy sector.
