The Nigerian National Petroleum Corporation (NNPC) Limited has reported stable operations and solid financial results, remitting a total of N11.15 trillion to the federal government for the nine months ending September 2025. The figure highlights NNPC’s continued role as a major contributor to national revenue.
In its October 2025 report, the corporation recorded crude oil and condensate production of 1.58 million barrels per day (bpd), slightly below the peak of 1.77 million bpd achieved earlier this year. Natural gas output reached 6,997 million standard cubic feet per day (mmscfd). The slight dip in production was attributed to planned maintenance at facilities including Usan and SEPNU, delays at WAEP OML 71 and 72, and flooding-related well shut-ins at OML 143. Despite these disruptions, upstream pipeline availability remained at 100%, with full production expected to resume by mid-December 2025.
Financially, NNPC generated revenues of N5.078 trillion in October, with a profit after tax of N447 billion. Statutory payments for the nine-month period reaffirmed the company’s pivotal contribution to government finances through taxes and other obligations.
The corporation is also advancing key gas infrastructure projects. Work on the Ajaokuta-Kaduna-Kano (AKK) gas pipeline has been accelerated with additional resources to ensure mainline completion by year-end. Similarly, the Obiafu-Obrikom-Oben (OB3) gas pipeline project is progressing, with preparatory activities for the Niger River crossing and drilling operations underway.
On the socio-economic front, NNPC’s Foundation continues to support youth empowerment initiatives. Its financial literacy program has reached over one million NYSC corps members nationwide, reflecting the company’s commitment to entrepreneurship and skills development across Nigeria.
Separately, the report noted that OPEC+ plans to maintain its oil output policy in early 2026 while working on a mechanism to assess member countries’ production capacity. In international developments, Eni has agreed to acquire a 50% stake and operatorship in Uruguay’s offshore Block OFF-5 from YPF, pending regulatory approval.
