The Nigeria National Petroleum Company Limited (NNPC) has declared that it generated ₦60.517 trillion in revenue and ₦5.76 trillion as profit after tax in 2025.
The national oil firm made this known in the NNPC Limited Monthly Report Summary for December 2025, released on Thursday, February 12.
According to the report, crude oil and condensate production averaged 1.54 million barrels per day (bpd) in December, while natural gas production was 6.914 billion standard cubic feet per day (mmscf/d).
The report indicated that a total of ₦14.706 trillion was statutory remittance made by NNPC to the federation from January to December 2025. The statutory remittances to the federation peaked in February when NNPC paid ₦3.099 trillion, followed by ₦1.286 trillion in September, ₦1.270 trillion in December and ₦1.213 trillion in April.
Revenue and Profits
On revenue, the report revealed fluctuations across the 12 months of 2025, with the peak performance recorded in February (₦6.624 trillion), followed by ₦6.008 trillion in May and ₦5.891 trillion in April. The least performance was in January when it recorded ₦3.824 trillion.
Profit after tax also witnessed variations across the year. After recording a loss of ₦161 billion in January and ₦7 billion in March, the company returned to profitability, recording a peak performance of ₦1.054 trillion in May, followed by ₦904 billion in June. It had earlier posted ₦987 billion profit in February before recording a loss in March. It, however, recorded the lowest profit of ₦180 billion in July.
Crude Oil and Gas Production
The 1.54 million bpd produced in December reflects a decline when compared to the peak production of 1.77 million bpd recorded earlier in the year. Monthly output data showed variations. After rising in the middle of the year (June and July), production dropped gradually to 1.54 million bpd in December.
The company said the December production performance was affected by planned maintenance work at Stardeep-Agbami, Renaissance-Estuary Area (EA) and unplanned outages at production facilities.
Gas Production peaked in July (7.722mmscf/d) before dropping to 6.949 mmscf/d in August. The lowest output was in September (6.284 mmscf/d).
Crude Oil & Condensate sales peaked in October at 26.7 million barrels from a low of 16.3 million barrels in March. The 22.8 million barrels recorded in December were a slight month-on-month uptick from 20 million barrels in November.
Similarly, gas sales reported on an M-2 basis witnessed fluctuation across months of the year. It ranged between 3.443 mmscf/d (September) and 4.978 mmscf/d (the highest sales recorded in July).
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Upstream pipeline availability recorded a significant improvement, rising from 86 per cent in January to 100 per cent in December.
NNPC Retail Limited station availability for Premium Motor Spirit (PMS), also known as petrol, rose from 30 per cent in January to 77 per cent in September. It dropped to 50 per cent in October before rising again to 61 per cent in November, ending the year with 65 per cent in December.
NNPC reported that the main welding work on the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project has been completed, while efforts were being made to complete the Intermediate Pigging Stations and Block Valve Stations.
Also, it announced that the Obiafu-Obrikom-Oben (OB3) Gas Pipeline project has reached 96 per cent completion. It explained that all early works on the river crossing have been completed, while pilot hole drilling has commenced. “Project on course to be completed as scheduled,” NNPC assured.
Victor Ezeja is a passionate journalist, scholar and analyst of socioeconomic issues in Nigeria and Africa. He is skilled in energy reporting, business and economy, and holds a master's degree in mass communication.
