NNPC declares N60.5trn 2025 revenue, remits N14.7trn to federation coffers

The Nigerian National Petroleum Company Limited (NNPC Ltd) has disclosed that it remitted N14.706 trillion in statutory payments to the Federal Government. This is according to its December 2025 Monthly Report Summary.

The figures highlighted the company’s expanding role as a central contributor to Nigeria’s fiscal and energy landscape.

Total revenue for the year surged to N60.5 trillion, while profit after tax (PAT) reached N5.76 trillion, reflecting robust operational efficiency and strong market performance. These results mark a significant leap from 2024, when the company reported a PAT of N5.4 trillion from N45.1 trillion in revenue.

Natural gas production in December 2025 stood at 6,914 million standard cubic feet per day (mmscf/d), slightly below November’s 6,968 mmscf/d. NNPC attributed the marginal dip to planned maintenance at the Stardeep-Agbami and Renaissance-Estuary Area fields, coupled with unplanned production facility outages. Despite these operational constraints, the company maintained overall production stability for the year.

Beyond revenue generation, NNPC highlighted ongoing efforts to expand Nigeria’s gas infrastructure, critical for boosting domestic energy supply. The Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project has reached a major milestone, with mainline welding completed. Work continues on the Intermediate Pressure Stations and Block Valve Stations along the AKK corridor, while the OB3 River Niger Crossing project has concluded early works and begun pilot hole drilling. Both projects remain on schedule, reflecting NNPC’s commitment to enhancing the nation’s gas transmission capacity.

Analysts note that the company’s strong fiscal contributions, coupled with strategic infrastructure investments, position NNPC Ltd to further strengthen domestic energy supply and support broader economic growth in 2026. With maintenance cycles concluding and key gas projects advancing, the company is expected to maintain, if not surpass, its current revenue and profit performance in the coming year.

NNPC Ltd’s 2025 performance reinforces its status not only as a critical revenue engine for the government but also as a strategic driver of Nigeria’s energy sector transformation. The combination of robust earnings, significant statutory remittances, and targeted infrastructure development signals a forward-looking trajectory for the company and the country’s energy ambitions.

COURTESY: thesun