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Nigeria's State-owned NNPC records $4.2bn after-tax profit in 2025


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Nigeria's State-owned NNPC records $4.2bn after-tax profit in 2025

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Nigeria's State-owned NNPC records $4.2bn after-tax profit in 2025

12th February 2026

By: Reuters

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Nigeria's state oil firm NNPC booked after-tax profits of 5.760-trillion naira ($4.26-billion) last year, it said, as Africa's biggest oil producer recorded average crude and condensate output of 1.62-million barrels per day.

Total revenue was 60.517-trillion naira, with statutory payments to government agencies and partners amounting to 14.706-trillion naira for the year.

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NNPC did not provide comparison figures from the previous year in the results, which were released on Wednesday.

It said crude production dipped slightly in December - the last month of the period - from earlier months due to scheduled maintenance and several unplanned outages.

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December oil and condensate production averaged 1.54-million bpd with revenue for the month reaching 4.824-trillion naira.

Natural gas supply in December averaged more than 6.914-billion standard cubic feet per day.

Downstream metrics improved in December, the company said, with Nigerian Refining Limited stations achieving 65% petrol (PMS) availability, marking an increase from previous periods.

Upstream infrastructure also performed strongly, with pipeline systems reporting 100% availability.

The company highlighted continued progress on major gas infrastructure projects. Mainline welding on the Ajaokuta-Kaduna-Kano pipeline was completed in December, while pilot hole drilling advanced on the Obiafu-Obrikom gas pipeline.

NNPC said all figures remain provisional pending final reconciliation with stakeholders.

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