A Nigerian National Petroleum Company Limited, NNPCL, subsidiary, the Nigerian National Petroleum Company Retail Limited, collected a total revenue of N255.6 billion in the 2022 financial year.
Society Watch reports that this was contained in a report on NNPCL downstream directorate activities.
It explained that retail sales of its white products, such as petrol, kerosene, and aviation fuel, have increased in the period under review.
The report bench-marked the increase recorded in 2022 as six per cent and N14.14 billion profit in the third Quarter of 2022 alone.
“NNPC Retail Limited achieved a six per cent year-on-year increase in total white product sales, N255.6bn revenue, N15bn EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) and N14.14bn profit as at Q3 (third quarter )2022,” the report stated.