ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS RELEASE   ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL President Bola Ahmed Tinubu has asked the Senate to approve the nominations of two new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).   The requests followed the resignation of Engineer Farouk Ahmed of the NMDPRA and Gbenga Komolafe of the NUPRC. Both officials were appointed in 2021 by former President Buhari to lead the two regulatory agencies created by the Petroleum Industry Act (PIA).   To fill these positions, President Tinubu has written to the Senate, requesting expedited confirmation of Oritsemeyiwa Amanorisewo Eyesan as CEO of NUPRC and Engineer Saidu Aliyu Mohammed as CEO of NMDPRA.   The two nominees are seasoned professionals in the oil and gas industry.   Eyesan, a graduate of Economics f...
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NNPC 2021 PROFIT: A CLARIFICATION.(PHOTO).#PRESS RELEASE.

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PRESS STATEMENT

NNPC 2021 PROFIT: A CLARIFICATION


On Thursday, 01/06/2023, the Group Chief Executive Officer (GCEO) of NNPC Ltd, Mr. @MKKyari, OFR, appeared on Arise TV's "The Morning Show".

Among the issues the GCEO discussed was the 2021 profit margin.

Inadvertently, N687 trillion was mentioned as the company's Profit after Tax figure as against N674 billion contained in the 2021 Annual Financial Statement.

The accurate Profit after Tax figure for the Year 2021, N674 billion, was communicated to the public via our official Twitter account on 05/10/2022.

Garba Deen Muhammad
Chief Corporate Communications Officer
NNPC Ltd.
Abuja

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