TheCable

Tag "NNPC profit"

Despite N287bn profit, NNPC’s liabilities exceeded assets by N4.6trn in 2020

The Nigerian National Petroleum Corporation (NNPC) has published its audited financial statements (AFS) for 2020, declaring N287 billion profit — even as current liabilities exceeded assets by N4.6 trillion. According

FACT CHECK: Did NNPC make first profit in its 44-year history as claimed by Buhari?

On August 26, 2021, President Muhammadu Buhari announced what was regarded as unprecedented: that the Nigerian National Petroleum Corporation (NNPC) made a net profit in 2020 for the “first time

0 comment Read Full Article