The Nigerian National Petroleum Company Limited (NNPC) has reported a significant revenue of ₦4.26 trillion for the month of August, according to its monthly performance report for September 2025. This substantial revenue is part of the company’s overall remittance of ₦10.073 trillion to the Federation Account from January to August 2025. The remitted funds encompass proceeds from crude and condensate sales, gas sales, royalties, taxes, and other payments owed to the Federation.
The August remittance marked an increase of approximately ₦1.21 trillion compared to the previous month, July. Cumulatively, between January and July 2025, the company’s remittance totaled around ₦8.86 trillion. Crude oil and condensate production averaged 1.61 million barrels per day in September, slightly lower than the 1.65 million barrels per day recorded in August. This production level, although below the nation’s technical capacity, was sufficient to support a reasonable inflow into government accounts.
The temporary moderation in output was attributed to planned maintenance activities at key facilities, including the Nigeria LNG plant, and delays in restarting operations at certain oil mining leases. Despite these challenges, the company’s steady crude oil and gas output, combined with stronger product availability and improved operational efficiency, contributed to a profit after tax of ₦539 billion in August. However, this profit declined to ₦216 billion in September, representing a reduction of about ₦323 billion.
On the gas production front, the company achieved an average daily production of approximately 6.28 billion standard cubic feet per day in September. A significant portion of this gas was commercialized through domestic and export channels, thereby contributing to the overall revenue performance. The NNPC’s revenue and remittance figures underscore the company’s critical role in supporting the nation’s economy. As the company continues to navigate the complexities of the energy sector, its performance will remain a key indicator of the country’s economic stability and growth prospects.