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buja, Nigeria – NNPC Limited has reported a profit after tax of ₦5.4 trillion for the 2024 financial year, alongside a revenue increase to ₦45.1 trillion, reflecting robust operational performance and growth across its core business segments.
During the company’s recent earnings call, executives highlighted that the results demonstrate significant year-on-year improvements, driven by stronger upstream and downstream operations, increased crude sales, and enhanced operational efficiencies.
The report underscores the company’s ability to sustain profitability despite global oil market volatility and domestic energy sector challenges. Analysts note that the performance reinforces NNPC Limited’s role as a key contributor to Nigeria’s fiscal revenues and the broader economy.
NNPC management indicated that the focus for the coming year will include continued optimization of production, expansion of strategic investments, and strengthening operational transparency to maintain growth momentum.
📷 NNPC Limited Corporate Communications
