Nigeria’s NNPC declares $1.55 bln after-tax profit for 2021

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ABUJA, Oct 4 – Nigeria’s state-owned oil company NNPC Ltd made profit after tax of 674 billion naira ($1.55 billion) in 2021, published audited financial statements showed on Tuesday.

NNPC, which became a commercial company in July, first declared a net profit in its 44-year history two years ago.

$1 = 435 naira