Strong profit, rising gas output and major pipeline milestones position national oil company for deeper fiscal impact and stronger energy supply…
The Nigerian National Petroleum Company Limited (NNPC Ltd) paid a total of N14.706 trillion to the Federal Government in statutory remittances between January and December 2025, underscoring its growing weight in Nigeria’s fiscal structure.
Details released in the company’s Monthly Report Summary for December 2025 show that the national oil firm generated N60.5 trillion in total revenue for the year and recorded a profit after tax of N5.76 trillion, reflecting a solid financial performance and stronger contribution to public finances.
The report indicates a significant rise in statutory payments, with full-year remittances reaching N14.706 trillion. Total revenue stood at N60.5 trillion, while profit after tax closed the year at N5.76 trillion.
In the upstream segment, natural gas production averaged 6,914 million standard cubic feet per day in December 2025, compared to 6,968 million standard cubic feet per day recorded in November. The company noted that production in December was impacted by scheduled maintenance at the Stardeep-Agbami and Renaissance-Estuary Area facilities, as well as unexpected outages at some production sites.
The report also provided updates on major gas infrastructure projects critical to boosting domestic supply and strengthening Nigeria’s energy value chain.
NNPC confirmed that mainline welding on the Ajaokuta-Kaduna-Kano Gas Pipeline has been completed as planned, while work continues on Intermediate Pressure Stations and Block Valve Stations along the pipeline corridor.
On the OB3 River Niger Crossing project, the company said early works have been completed and pilot hole drilling has commenced. According to NNPC, both projects remain on track for completion and are expected to expand gas transmission capacity nationwide.
The company said the latest figures reinforce its role as a key driver of Nigeria’s fiscal stability and energy development. With major maintenance cycles nearing completion and strategic gas projects advancing, NNPC is positioned to increase revenue contributions to government, strengthen domestic gas supply, and support broader economic growth in 2026 and beyond.
For comparison, the national oil firm recorded a profit after tax of N5.4 trillion from N45.1 trillion in revenue for the 2024 financial year, showing continued growth in performance.
NNPC Ltd remains central to Nigeria’s oil and gas industry, overseeing upstream, midstream and downstream operations, with its statutory payments forming a major share of federally collected revenue. Earlier reports indicated that the company had remitted N12.117 trillion between January and October 2025.
In December, President Bola Tinubu approved the cancellation of a significant portion of debts owed by NNPC Ltd to the Federation Account, wiping off about 1.42 billion dollars and N5.57 trillion.
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