‘Subsidy gulped N7.1trn, Switzerland topped foreign revenue sources’ — highlights of NNPC’s 2024 financials
[NigerianEye - Nigeria] - 26/11/2025
On Monday, the Nigerian National Petroleum Company (NNPC) Limited released its 2024 consolidated and separate financial statements, reporting a profit after tax (PAT) of N5.4 trillion. The audited financial statement (AFS) was for the 12-month period ending December 2024. According to the details of the report, the NNPC group’s PAT rose by 64 percent year-on-year from the N3.3 trillion recorded in 2023. Also, the oil firm recorded a N45.1 trillion revenue — representing an 88 percent year-on-year growth — from N23.99 trillion in 2024. Here are highlights from the report. ENERGY SECURITY (…)
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