Nigeria’s state-owned oil company, NNPC, posted an after-tax profit of 5.760 trillion naira ($4.26 billion) for 2025, as Africa’s largest oil producer achieved average crude and condensate output of 1.62 million barrels per day.
The company reported total revenue of 60.517 trillion naira for the year, while statutory payments to government agencies and partners reached 14.706 trillion naira.
NNPC did not include comparison figures from the previous year in the results released on Wednesday., according to Reuters.
It noted that crude production declined slightly in December, the final month of the reporting period, due to scheduled maintenance and several unplanned outages.
In December, oil and condensate production averaged 1.54 million barrels per day, with monthly revenue totaling 4.824 trillion naira.
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Natural gas supply during December averaged more than 6.914 billion standard cubic feet per day.
The company said downstream performance improved in December, with Nigerian Refining Limited stations achieving 65% availability of petrol (PMS), an increase compared to earlier periods.
Upstream infrastructure performance was also strong, with pipeline systems recording 100% availability.
NNPC reported continued progress on key gas infrastructure projects, stating that mainline welding on the Ajaokuta-Kaduna-Kano pipeline was completed in December, while pilot hole drilling progressed on the Obiafu-Obrikom gas pipeline.
NNPC added that all reported figures remain provisional, pending final reconciliation with stakeholders.
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Image Credit: CNBC Africa
