NNPC’S declaration of profits will boost investor confidence, says industry expert

📆 9/9/2021 7:09 AM
📰 GuardianNigeria

⏱ Reading Time:
20 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 94%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

An oil and gas expert, Mr Wilson Opuwei, says the recent declaration of profit after tax of N287 billion for the year 2020 by the Nigerian National Petroleum Corporation (NNPC) will boost investor confidence in the oil and gas sector.

Opuwei, who is the Chief Executive Officer of Dateline Energy Services Limited, made the assertion on Wednesday in an interview with the News Agency of Nigeria (NAN, in Lagos.

“It is great that the NNPC is now opening up its books to auditors for us to see how the company is being run. “For the NNPC to declare profit in its audited reports, is a big plus for the industry because it will attract more investments,” Opuwei said.He said it was, however, surprising that some people had been criticising the report, without a proper understanding of its significance.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Police arrest employee who allegedly absconded with company's goods worth N46 millionPolice say they also arrested an IT expert for allegedly hacking into the server of a bank and making fictitious credits into accounts of customers
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Naira's fall continues at black market, hits new lowThe currency gained at the Investors and Exporters (I&E) window where the currency is officially traded.
Source: PremiumTimesng - 🏆 3. / 78 Read more »