Business
NNPC’s revenue hits N60.5trn, profit up to N5.7trn
Pays N14.7trn to govt
By Obas Esiedesa
The Nigerian National Petroleum Company Limited (NNPC), on Thursday, disclosed that it generated N60.5 trillion in revenue in 2025.
In its monthly report published on its website, the company also announced a profit after tax of N5.76 trillion and remitted N14.706 trillion to statutory government agencies.
The report stated that crude oil and condensate production averaged 1.54 million barrels per day in December 2025, while natural gas production stood at 6.914 billion standard cubic feet per day.
NNPC also disclosed that its retail outlets recorded 65 per cent availability in December, while upstream pipelines achieved 100 per cent availability during the period.
According to the report, the Obiafu-Obrikom-Oben (OB3) pipeline project reached 91 per cent completion, while the Ajaokuta-Kaduna-Kano (AKK) pipeline project also hit 91 per cent completion.
The report stated: “December production performance was affected by planned maintenance work at Stardeep-Agbami and Renaissance-Estuary Area, as well as unplanned production facility outages.”
Last month, NNPC disclosed that its monthly revenue declined by 14.17 per cent in November 2025 to N4.358 trillion, down from N5.078 trillion recorded in October.
Despite the drop in revenue, profit after tax rose by 12.3 per cent to N502 billion in November, compared with N447 billion in the preceding month.
The report also showed that the company made statutory payments of N967 billion to the government in October, bringing total remittances between January and October to N12.117 trillion.
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