On Tuesday, October 04, 2022, the published audited financial statements show that the Nigerian state-owned oil company NNPC Ltd has more than doubled its ben& Exact; file after taxes. It increased from 287 billion in the previous year to 674 billion nairas (1.55 billion dollars) in 2021

NNPC became a trading company in July and reported net profit for the first time in its 44-year history two years ago. According to this company, in a statement published on Tuesday, October 4, 2022 accompanied by the results, “The performances would have been better if the operations of the year in question were free of incessant vandalism and oil theft. crude and product, among others.” In Nigeria, oil production fell due to the theft of crude oil, which affected its export earnings.

For example, the NNPC manages joint venture operations with major oil companies and said in July that it would be ready for an initial public offering by the middle of next year.