Oil and Gas
NNPC remits N14.706trn to FG in 2025, posts N5.76trn profit
Nigerian National Petroleum Company Limited (NNPC Ltd) remitted N14.706 trillion in statutory payments to the Federal Government between January and December 2025.
The figures were disclosed in the company’s Monthly Report Summary for December 2025. The report also showed that the national oil company generated N60.5 trillion in total revenue for the year and recorded a profit after tax of N5.76 trillion, reflecting strong financial performance and increased contributions to government coffers.
NNPC Ltd’s latest monthly report highlights a significant rise in statutory remittances to the Federal Government in 2025. Statutory remittances totalled N14.706 trillion for full-year 2025.
Total revenue for the year stood at N60.5 trillion. Profit after tax (PAT) was N5.76 trillion. Natural gas production reached 6,914 million standard cubic feet per day in December 2025. This is up from 6,968 million standard cubic feet per day (mmscf/d) recorded in November.
“December production performance was affected by planned Maintenance work at Stardeep-Agbami, Renaissance-Estuary Area (EA) and unplanned production facility outages,” the report stated.
The report also provided updates on major gas infrastructure projects being executed by the company. These projects are central to boosting domestic gas supply and strengthening the country’s energy value chain.

On the Ajaokuta-Kaduna-Kano Gas Pipeline project, NNPC confirmed that mainline welding works have been completed as scheduled.
Work is ongoing to finalise the Intermediate Pressure Stations and Block Valve Stations along the AKK corridor.
For the OB3 River Niger Crossing, the company has completed early works and commenced pilot hole drilling. NNPC stated that both projects remain on track for completion as planned, underscoring ongoing efforts to expand gas transmission capacity across the country.
The NNPC Ltd figures demonstrate its growing role as a key driver of Nigeria’s fiscal and energy outcomes.
With major maintenance cycles concluding and strategic gas projects advancing, the company is positioned to increase government revenue contributions, strengthen domestic energy supply, and support broader economic growth in 2026 and beyond.
-
News2 days agoFG targets global lead in extractive sector transparency
-
Stock Market22 hours agoNigerian equities market closed on a bullish note, marginal fall in average yield
-
Oil and Gas22 hours agoOil prices fall 2% on hopes for US-Iran conflict easing
-
Oil and Gas2 days agoOil prices near one-week low after US, Iran pause fighting over weekend
-
Finance22 hours agoCurrency outside Nigerian banking system drops to N4.92trn in June
-
News22 hours agoParis Club Refund: ALGON, LGAs urge court to dismiss lawyer’s suit
-
News2 days agoAMCON props up NTEL as divestment process begins
-
Finance2 days ago70% of insurers meet recapitalisation requirements—NIA chairman
