NNPC remits N12.1trn in 10 months as gas projects advance

The Nigerian National Petroleum Company (NNPC) Limited paid a total of N12.117 trillion in statutory revenues to the Federal Government between January and October 2025, highlighting its growing fiscal contribution to the national treasury.

This was disclosed in the company’s Monthly Report Summary for November 2025, which also highlighted stronger financial performance during the period.

According to the report, NNPC Ltd recorded a profit after tax of N502 billion in November, up from N447 billion in October, reflecting improved market dynamics and operational efficiency.

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The national oil company generated N4.358 trillion in revenue in November alone, maintaining robust earnings momentum despite slight fluctuations in output levels.

Hydrocarbon production averaged 6,968 million standard cubic feet per day (mmscf/d) during the month, marginally below the 6,997 mmscf/d recorded in October.

NNPC attributed the slight dip in output to planned maintenance across key producing assets, including Esso-Erha, Stardeep-Agbami and the Renaissance-Estuary Area.

“November production performance was largely due to planned maintenance activities across key assets, which are nearing completion, with production recovery expected towards the end of December 2025, alongside continued delays with WAEP first oil,” the company stated.

The firm reaffirmed its focus on completing its 2025 Turn Around Maintenance (TAM) programme and ramping up production from Joint Venture (JV), Production Sharing Contract (PSC) and NNPC Exploration and Production Limited (NEPL) assets to support its 2026 output targets.

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NNPC noted that its recent performance aligns with Nigeria’s broader push to strengthen energy security and increase government revenues, as major maintenance works conclude and gas infrastructure investments advance.

The company said progress is being made on critical gas projects, with early construction activities underway on the OB3 River Niger Crossing, while the Ajaokuta–Kaduna–Kano (AKK) Gas Pipeline remains on schedule for completion in 2026.

Earlier, Bayo Ojulari, NNPC Group CEO, announced the completion of the main pipeline line of the AKK gas project.

The milestone is expected to significantly boost gas supply to northern Nigeria, a region historically limited by inadequate energy infrastructure, while supporting industrial development and power generation.

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