NNPC reports N60.5trn revenue, N14.7trn federation remittance, N5.76trn profit in 2025

The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported a total revenue of ₦60.517 trillion for 2025, remitted ₦14.706 trillion to the Federation, and posted a Profit After Tax (PAT) of ₦5.76 trillion, according to its December 2025 Monthly Report Summary (MRS).

Compared with 2024, when NNPC generated revenue of ₦45.1 trillion, PAT of ₦5.4 trillion, and remittances of ₦15.982 trillion, the 2025 figures reflect significant revenue growth and sustained profitability.

The report highlighted trends in crude oil and condensate production, gas output, sales volumes, asset availability, and retail performance, noting that upstream pipeline availability reached 100% in the last quarter, reducing disruptions and improving operational reliability.

Revenue showed monthly fluctuations, with January recording ₦3.824 trillion, February peaking at ₦6.024 trillion, and September moderating at ₦4.269 trillion, ultimately totaling ₦60.517 trillion for the year.

Profit after tax also varied, with a ₦161 billion loss in January, May posting the year’s highest monthly profit of ₦1.054 trillion, and December closing at ₦351 billion, summing to ₦5.76 trillion.

Federation remittances ranged from ₦821 billion in January to ₦1.27 trillion in December, reaching a total of ₦14.706 trillion for 2025.

Crude and condensate production peaked at 1.77 million barrels per day (bpd) during the year, starting at 1.67 million bpd in January and finishing at 1.54 million bpd in December. Gas production remained relatively stable, ranging between 6,615 and 7,120 million standard cubic feet per day (mmscfd).

Sales volumes closely tracked production levels, with crude and condensate sales totaling 23.1 million barrels of crude and 2.9 million barrels of condensate in January, and 22.8 million barrels of crude and 1.9 million barrels of condensate in December. Commercial gas sales also varied, from 3,443 mmscfd in September to a peak of 4,978 mmscfd in July.

The report noted improvements in NNPC Retail Limited station availability, which increased from 30% in January to 65% in December.

On the infrastructure front, the Obiafu-Obrikom-Oben (OB3) pipeline reached 96% completion, while the Ajaokuta-Kaduna-Kano (AKK) pipeline was 91% complete.

December production was slightly affected by planned maintenance at Sapele, Ogharefe, and Gbaran-Ubie assets.

Overall, NNPC’s 2025 report demonstrates improved operational efficiency, strong asset reliability, and robust financial performance, highlighting a productive year for Nigeria’s national oil company.