The Nigerian National Petroleum Company Limited (NNPC) reported a revenue increase to N4.655 trillion in August 2025, up from N4.406 trillion in July, despite a decline in crude oil and natural gas production due to scheduled maintenance.
According to NNPC’s monthly report, profit after tax surged to N539 billion in August from N185 billion in July. Statutory payments to the government also rose, reaching N8.86 trillion by July’s end, compared to N7.96 trillion in the first half of 2025.
Operational data revealed a drop in crude oil and condensate production to 1.65 million barrels per day (mbpd) in August from 1.7 mbpd in July. Natural gas production fell to 6,949 million standard cubic feet per day (mmscfd) from 7,722 mmscfd. Crude oil and condensate sales decreased to 22.37 million barrels from 25.49 million barrels, while gas sales dropped to 4,201 mmscfd from 4,978 mmscfd. The production decline was attributed to turnaround maintenance at upstream facilities, aligned with Nigeria LNG’s schedule.
Infrastructure progress included the Ajaokuta–Kaduna–Kano pipeline, which advanced to 84% completion in August from 83% in July. The Obiafu–Obrikom–Oben pipeline remained operational, with 113 kilometers commissioned and 300 mmscfd of gas supplied by producers, including AHL (250 mmscfd) and Platform, Chorus, and Xenergi (50 mmscfd).
In the downstream sector, NNPC retail stations’ wetness level improved to 76% in August from 70% in July. On social responsibility, NNPC trained 60,231 National Youth Service Corps members in financial literacy in August, raising the total to 930,614. The company also supported the Code4Privacy Hackathon with the Nigeria Data Protection Commission, engaging 141 young Nigerians.
No updates were provided on the status of NNPC’s refineries, which remain under review.
