The Nigerian National Petroleum Company (NNPC) Limited has reported an after-tax profit of ₦5.760 trillion (approximately $4.26 billion) for the 2025 financial year, underscoring a strong performance by Africa’s largest oil producer.
The company disclosed that it generated total revenue of ₦60.517 trillion during the year, while statutory payments to government agencies and partners amounted to ₦14.706 trillion.
NNPC recorded an average crude oil and condensate production of 1.62 million barrels per day (bpd) over the period. However, output declined slightly in December due to scheduled maintenance activities and unplanned operational outages. Production for the month averaged 1.54 million bpd, while revenue stood at ₦4.824 trillion.
Natural gas supply in December averaged 6.914 billion standard cubic feet per day, reflecting continued strength in gas operations.
The company also reported improvements in downstream operations, with Nigerian Refining Limited stations achieving 65 percent Premium Motor Spirit (PMS) availability in December — an increase compared to previous periods.
Upstream infrastructure performance remained robust, with pipeline systems recording 100 percent availability during the month.
NNPC further highlighted progress on key gas infrastructure projects. Mainline welding was completed on the Ajaokuta-Kaduna-Kano (AKK) gas pipeline in December, while pilot hole drilling advanced on the Obiafu-Obrikom-Oben (OB3) gas pipeline.
The company noted that all financial and operational figures remain provisional, pending final reconciliation with relevant stakeholders.
