The Nigerian National Petroleum Company Limited (NNPC Ltd.) Monday announced its financial performance for the full year ended 2024, reporting a Profit After Tax (PAT) of N5.4 trillion on a revenue of N45.1 trillion. 

The N45.1 trillion revenue for 2024 represented an 88 per cent year-on-year growth, while the PAT of N5.4 trillion was a 64 per cent year-on-year rise. Besides, earnings per share in the period under consideration was N27.07, a 64 per cent year-on-year increase compared to 2023.

Group Chief Executive Officer of the NNPC, Bayo Ojulari, told journalists in Abuja during a briefing that the earnings highlighted the positive momentum of the ‘ongoing transformation’ at the national oil company.

Details later…