The Nigerian National Petroleum Company Limited (NNPC Ltd) remitted a total of ₦12.117 trillion in statutory payments to the Federal Government between January and October 2025, according to its Monthly Report Summary for November 2025.
The report also showed that the national oil company recorded a profit after tax of ₦502 billion in November, an increase from ₦447 billion posted in October, reflecting improved market conditions and stronger earnings performance.
In November alone, NNPC Ltd generated N4.358 trillion in revenue, despite slight fluctuations in hydrocarbon production. Average hydrocarbon output stood at 6,968 million standard cubic feet per day (mmscf/d), marginally lower than the 6,997 mmscf/d recorded in October.
NNPC Ltd attributed the mild decline in production to planned maintenance activities on key assets, including Esso-Erha, Stardeep-Agbami, and the Renaissance–Estuary Area. The company said production recovery was expected by the end of December 2025 as maintenance work nears completion, although delays persist on the WAEP first oil project.
The company reaffirmed its commitment to completing its 2025 Turn Around Maintenance programme and ramping up production across Joint Venture, Production Sharing Contract, and Nigerian Exploration and Production Limited (NEPL) assets to support its 2026 production targets.
The report also highlighted progress on strategic gas infrastructure projects, with early works ongoing on the OB3 River Niger Crossing, while the Ajaokuta–Kaduna–Kano (AKK) Gas Pipeline remains on track for completion in 2026.
Overall, the performance underscores NNPC Ltd’s expanding role in strengthening Nigeria’s fiscal position and energy security, as major maintenance cycles wind down and critical gas projects advance to boost domestic supply and government revenues in the coming years.
