Abuja: Nigeria’s state-owned oil company, NNPC Ltd, reported an after-tax profit of 5.76 trillion naira ($4.26 billion) for 2025, maintaining strong earnings despite production challenges late in the year.
The company said its average crude and condensate output was 1.62 million barrels per day (bpd) for the year. Total revenue reached 60.52 trillion naira, and payments to government agencies and partners totaled 14.71 trillion naira.
Production dropped in December because of scheduled maintenance and unexpected outages, with output averaging 1.54 million bpd.
December’s revenue was 4.82 trillion naira, and natural gas supply averaged over 6.91 billion standard cubic feet per day.
NNPC reported better downstream performance, noting that Nigerian Refining Limited stations had 65% petrol (PMS) availability in December, up from earlier months.
Upstream infrastructure also performed well, with pipeline systems at 100% availability.
Progress was slower on major gas infrastructure projects. Welding on the Ajaokuta-Kaduna-Kano pipeline was completed in December, while pilot hole drilling on the Obiafu-Obrikom pipeline advanced.
NNPC added that all figures are provisional until final checks with stakeholders are complete.
