The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported a sharp decline in both its earnings and production output, losing about N380bn in September 2025 compared to the previous month.

According to the company’s latest monthly performance report, total revenue dropped to N4.27tn in September from N4.65tn recorded in August, while profit after tax slid from N539bn to N216bn.

The report attributed the decline to scheduled maintenance at key facilities, including the Nigeria LNG plant, as well as delays in restarting production at OMLs 71 and 72.

Crude oil and condensate production averaged 1.61 million barrels per day (mbpd) in September, slightly below the 1.65 mbpd achieved in August. Crude oil output declined from 1.39 mbpd to 1.37 mbpd, while condensate volumes fell from 0.26 mbpd to 0.24 mbpd.

Natural gas operations were also affected, with total gas production dropping from 6,949 million standard cubic feet per day (mmscf/d) in August to 6,284 mmscf/d in September. Gas sales followed a similar pattern, sliding from 4,201 mmscf/d to 3,443 mmscf/d.

Despite the setback, NNPC reported continued progress on its major gas infrastructure projects. The Ajaokuta-Kaduna-Kano (AKK) gas pipeline reached 88 percent completion, while 113 kilometres of the Obiafu-Obrikom-Oben (OB3) pipeline were commissioned and are now delivering around 300 mmscf/d of gas from producers such as AHL, Platform, Chorus, and Xenergi.

The company’s cumulative statutory payments from January to August remained unchanged at N10.07tn. However, fuel availability at filling stations nationwide dipped slightly, with retail station wetness dropping from 79 percent in August to 77 percent in September.