Nigerian National Petroleum Corporation (NNPC) Limited has announced a profit after tax growth from N287bn in 2020 to NGN674 bn in 2021, according to Channels TV on its website. The news agency reported that Mele Kyari, the Group Chief Executive Officer, made this announcement recently in Abuja.

“Today I’m happy to announce that the Board of NNPC has approved 2021 audited financial statements and NNPC has progressed to a new performance level, from N287bn profit in 2020 to N674bn profit after tax in 2021, climbing higher by 134.8% YoY profit growth”, said the GCEO.

In addition, Mr. Kyari lamented the historically unprecedented rampancy of oil theft in the Niger Delta, and the hundreds of illegal refineries still in operation there. He also mentioned the oil spill in Bodo, Rivers State which currently accounts for Nigeria’s loss of over 100,000 barrels of oil per day.

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