The Nigerian National Petroleum Company Limited (NNPCL) has reported a profit after tax (PAT) of N216 billion for September 2025, based on a total revenue of N4.26 trillion. This revenue figure represents a decline from the N4.654 trillion recorded in August 2025. The state-owned oil firm released this information in its monthly financial report, providing insight into its performance.
According to the report, the PAT experienced a 40% drop to N216 billion in September, down from N539 billion in August. From January to August 2025, the NNPCL made statutory payments totaling N10.073 trillion to the Federation Account. The company’s crude oil and condensate production for September stood at 1.61 million barrels per day (mmbpd), with crude oil production at 1.37 mmbpd, slightly lower than the 1.38 mmbpd recorded in August. Condensate production was 0.24 mmbpd, down from 0.26 mmbpd in August.
Natural gas production reached 6,284 million standard cubic feet per day (mmscfd) in September, while sales were 3,443 mmscfd, marking a decrease from 4,201 mmscfd in August. The NNPCL reported that petrol availability at its retail outlets was 77%, and upstream pipeline availability stood at 96%. The company’s statutory payments to the government, totaling N10.073 trillion from January to August, underscore its significant contribution to the national revenue.
The report attributed the temporary moderation in production levels to planned maintenance activities, including those at the Nigeria Liquefied Natural Gas (NLNG) facility, as well as the phased recovery of previously shut-in assets and delays in commencing operations at certain oil mining leases (OMLs). Despite these challenges, the NNPCL highlighted substantial progress on key projects, including the Ajaokuta–Kaduna–Kano (AKK) Gas Pipeline, which has reached 88% completion, and the Obiafu–Obrikom–Oben (OB3) Gas Pipeline project, standing at 96% completion.
These developments are significant for Nigeria’s oil and gas sector, as they reflect the company’s efforts to maintain production levels, invest in infrastructure, and contribute to the national economy. The NNPCL’s performance and project updates will likely be closely watched by stakeholders and industry observers, given their implications for the country’s energy landscape and economic growth.