The Nigerian National Petroleum Company (NNPC) Limited has disclosed an after- tax profit of ₦5.760 trillion, translating to approximately $4.26 billion, for the financial year 2025.
In its most recent operational and financial update, the company outlined its performance across various sectors, including upstream, downstream, and gas operations.
Total revenue for the year reached ₦60.517 trillion, while statutory payments to government entities and joint venture partners totaled ₦14.706 trillion during the same timeframe.
The report revealed that Nigeria achieved an average production rate of 1.62 million barrels per day (bpd) of crude oil and condensate in 2025.
However, production levels dipped slightly in December due to scheduled maintenance and unanticipated outages. In this month alone, oil and condensate output averaged 1.54 million bpd, with monthly revenue amounting to ₦4.824 trillion.
The company reported consistent performance within the gas sector, with natural gas supplies exceeding 6.914 billion standard cubic feet per day in December.
In its downstream operations, NNPC highlighted enhancements in product availability, noting that Nigerian Refining Limited stations achieved 65 percent availability of Premium Motor Spirit (PMS), commonly referred to as petrol, in December, an improvement from previous months.
Upstream infrastructure performance was also commendable, as pipeline systems maintained 100 percent availability during the month under review.
Regarding gas infrastructure development, NNPC reported significant advancements on key projects, including the completion of mainline welding for the Ajaokuta–Kaduna–Kano (AKK) gas pipeline in December. Additionally, pilot hole drilling has progressed on the Obiafu–Obrikom gas pipeline project.
The NNPC concluded by stating that the financial and operational data provided remains provisional, pending final reconciliation with relevant stakeholders.
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