The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported a surge in its cumulative revenue, reaching N4.65 trillion in August 2025, even though crude oil and gas production declined during the same period.
Figures from the company’s latest operational report show revenue rose from N4.41 trillion in July. Profit after tax also rebounded sharply, standing at N539 billion in August compared to N185 billion the previous month.
Government remittances reflected the improved earnings, with statutory payments growing from N7.96 trillion in the first half of the year to N8.86 trillion by July’s end.
Despite this financial boost, operational data revealed a slight dip in production. Crude oil and condensate output slipped from 1.7 million barrels per day in July to 1.65 million in August, while natural gas production dropped from 7,722 million to 6,949 million standard cubic feet per day. The company attributed these declines to scheduled maintenance on upstream facilities, in line with Nigeria LNG’s turnaround plan.
Sales volumes mirrored the trend, with crude and condensate sales falling from 25.49 million barrels in July to 22.37 million barrels in August, and gas sales easing to 4,201 million standard cubic feet per day from 4,978 mmscf.
Progress was recorded on the Ajaokuta–Kaduna–Kano gas pipeline, which inched forward from 83% to 84% completion. The Obiafu–Obrikom–Oben pipeline also remained active, transporting around 300 mmscf of gas daily.
In the downstream sector, retail station efficiency improved, with the company reporting wetness levels rising from 70% in July to 76% in August.
NNPC also highlighted its corporate social responsibility programmes. Over 60,000 members of the National Youth Service Corps were trained in financial literacy in August, bringing the total number of beneficiaries to more than 930,000. Additionally, the company sponsored a Code4Privacy Hackathon in partnership with the Nigeria Data Protection Commission, involving 141 young innovators.
While no new updates were provided on refinery rehabilitation projects, NNPC noted that reviews of the facilities were ongoing.
