The Nigerian National Petroleum Company Limited (NNPCL) reported a profit after tax (PAT) of N502 billion for November 2025, marking a 12.3 percent increase over the previous month. The figure was derived from total revenue of N4,358 billion, despite revenue falling by N722 billion compared with the N5.08 trillion recorded in October 2025. The November PAT is N50 billion higher than October’s, indicating substantial growth.
Operational data in the monthly report show that crude oil production averaged 1.60 million barrels per day. Premium Motor Spirit (PMS) availability at NNPCL’s retail outlets stood at 61 percent, suggesting ongoing efforts to improve fuel availability across the country.
NNPCL, the state‑owned oil company responsible for exploration, production, and distribution of petroleum products in Nigeria, is the largest oil producer in Africa and a key driver of the national economy. Its financial reports are closely monitored by industry stakeholders and economists for insights into the performance of Nigeria’s oil sector.
The latest report underscores NNPCL’s commitment to transparency and accountability. The rise in profit after tax reflects positive developments, while improvements in operational efficiency are beginning to yield results. As the Nigerian economy evolves, the oil sector’s performance will remain a focal point, and the report is likely to attract further analysis and scrutiny from stakeholders seeking to gauge its broader economic implications.
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