The Nigerian National Petroleum Company Limited has reported a significant 91.3% increase in its monthly profit, rising to N539 billion in August 2025 from N185 billion in July.
According to its Monthly Report Summary for August 2025, the company’s revenue also climbed to N4.655 trillion, compared to N4.406 trillion recorded in July.
The company’s profit surge is notable, despite a decline in oil and gas output. Nigeria produced an average of 1.65 million barrels of crude oil per day in August, representing a 2.9% decline from the 1.7 million barrels per day pumped in July. Gas output also dropped by 10% to 6,949mmscf/d, down from 7,722mmscf/d in the previous month.
NNPCL attributed the decline in production to scheduled maintenance across some upstream facilities, in line with the Nigeria LNG Turn Around Maintenance. “Industry-wide collaboration is ongoing to ramp up production after the exercise,” the company stated.
The company has made significant progress on key gas infrastructure projects. The Ajaokuta-Kaduna-Kano gas pipeline has reached 84% completion, with construction progressing on multiple fronts to accelerate delivery. Additionally, the Obiafu-Obrikom-Oben gas pipeline is 96% complete, with 113 kilometers already commissioned and supplying about 300mmscf/d of gas from producers.
NNPCL remitted a total of N8.86 trillion to the Federation Account between January and July 2025. This significant contribution highlights the company’s crucial role in supporting the nation’s economy.
The surge in profit is a testament to NNPCL’s commitment to optimizing its operations and maximizing revenue. As the company continues to navigate the complexities of the global energy market, its focus on strategic projects and collaborations will be essential in driving growth and profitability.
With the ongoing maintenance activities, NNPCL is poised to recover and potentially increase production levels. This, coupled with its progress on key infrastructure projects, positions the company for continued growth and success in the future.
