KEY POINTS
- NNPCL reported N4.27 trillion in revenue and N216 billion in post-tax profit for September 2025.
- Oil and gas output dipped slightly due to scheduled maintenance and deferred projects.
- Major gas pipeline projects, AKK and OB3, neared completion, reinforcing NNPCL’s gas expansion drive.
The Nigerian National Petroleum Company, NNPCL, has posted a total revenue of N4.27 trillion and a profit after tax of N216 billion for September 2025, underscoring a steady operational performance despite marginal declines in output.
The state-owned energy giant disclosed the figures in its Monthly Report Summary for September, released on Tuesday.
The report pointed to sustained efficiency across its operations and the resilience of Nigeria’s oil and gas infrastructure in a challenging production environment.
NNPCL recorded an average daily production of 1.61 million barrels of crude oil and condensate, alongside 6,284 million standard cubic feet of natural gas.
These figures, though slightly lower than August’s 1.64 million barrels and 6,949 million standard cubic feet respectively, reflect ongoing operational adjustments and planned maintenance across its upstream assets.
Operational Efficiency Holds Firm Despite Output Dip
The company maintained an upstream pipeline availability rate of 96%, signalling improved reliability of critical infrastructure and reduced downtime.
Premium Motor Spirit (PMS) availability at NNPC Retail stations averaged 77% for the month, ensuring consistent fuel supply nationwide amid growing domestic energy demand.
According to the report, statutory remittances between January and August 2025 totalled N10.07 trillion, underlining NNPCL’s fiscal significance to the federation account.
Operational activities during the period were, however, influenced by scheduled maintenance, particularly at the Nigeria LNG (NLNG) facility, as well as the gradual recovery of previously shut-in wells and deferred projects at Oil Mining Leases (OMLs) 71 and 72.
The company said these temporary disruptions were being addressed through collaborative efforts with its partners to restore full production capacity.
