NNPC Ltd. Reports ₦502bn Profit After Tax for Nov 2025

PHOTO CREDIT: newtelegraphng.com

Abuja: The Nigerian National Petroleum Company Limited (NNPC Ltd.) has reported a Profit After Tax (PAT) of N502 billion in Nov. 2025.

The NNPC Limited made this known in its Monthly Report Summary for November 2025, released on Wednesday.

The report also highlighted key figures, including crude oil and condensate production, natural gas output, revenue, and strategic initiatives during the period.

The report showed that NNPC Ltd generated a total of N4,358 billion during the same period reported.

It also revealed that Crude Oil and Condensate Production were 1.60 million barrels per day (mbopd), while Natural Gas Production was 6,968 mscf/d in November 2025.

The report put NNPC’s statutory payments for January to August 2025 at N12.117 billion, while disclosing 61 per cent Premium Motor Spirit (PMS) availability at its retail filling stations across the country.

It said that Nov. production performance was largely due to planned maintenance activities across key assets nearing completion, with production recovery expected at the end of December 2025 and continued delays with WAEP first oil.

It listed the key assets as Esso-Erha, Stardeep-Agbami, and Renaissance-Estuary Area.

It announced that it has completed the 2025 scheduled facilities Turn Around Maintenance (TAM), and production initiatives from JV, PSC, and NEPL assets in readiness for delivering the 2026 production plan.

The report put the overall completion of the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project at 90 per cent, disclosing that sustained focus is being directed towards completing the mainline welding works and pressure testing.

According to the report, the project is to be completed in 2026.

The report also put the completion of the Obiafu-Obrikom-Oben (OB3) Gas Pipeline project (River Niger Crossing) at 96 per cent, revealing that all required equipment, materials, and personnel have been mobilised to the site.

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