NNPC Posts N2.548trn Profit, Says It’s Highest Ever

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The Nigerian National Petroleum Company (NNPC) Ltd says it recorded a profit of N2.548 trillion in 2022.

The national oil company in its 2022 Financial Performance Report posted online described the profit as the highest since its inception in 1977.

The financial report stated that it recorded a loss of N803 billion in 2018 and N1.7 billion loss in 2019.

According to the report, 2020 recorded N287 billion profit which it tagged ‘’Turning Point’’ while in 2021, the company’s profit continued to grow to N674.1 billion tagged ‘’Assurance’’.


The report stated that the profit which continued to rise up to N2.548 trillion in 2022.

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