Nigeria National Petroleum Company Limited (NNPCL) saw its revenue climb to N4.655 trillion by August 2025, up from N4.406 trillion in July.
The monthly report shows profit after tax surging to N539 billion from N185 billion, despite lower crude and gas output.
Production Challenges
Crude oil and condensate averaged 1.65 million barrels per day in August, down from 1.7 million in July.
Natural gas production fell to 6,949 million standard cubic feet per day from 7,722 million. Sales dropped to 22.37 million barrels of crude and 4,201 million standard cubic feet of gas daily.
Maintenance Impact
NNPCL blamed the decline on scheduled turnaround maintenance at upstream sites, coordinated with Nigeria LNG’s schedule.
Statutory payments to the government rose to N8.86 trillion by July’s end, from N7.96 trillion in the first half.
Infrastructure Updates
The Ajaokuta–Kaduna–Kano pipeline advanced to 84% completion from 83%. The Obiafu–Obrikom–Oben pipeline stayed operational, commissioning 113 kilometers and flowing 300 million standard cubic feet per day from producers like AHL (250 mmscf) and others (50 mmscf).
Downstream Improvements
Wetness at NNPCL retail stations rose to 76% in August from 70%, showing better fuel availability.
Social Initiatives
NNPCL trained 60,231 National Youth Service Corps members in financial literacy, totaling 930,614.
It sponsored the Code4Privacy Hackathon with the Nigeria Data Protection Commission, involving 141 young participants.
Refinery Status
No updates on refineries, which NNPCL said are under review.
Outlook
Despite maintenance dips, NNPCL’s revenue and profit gains signal resilience in Nigeria’s energy sector for 2025.
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