The Nigerian National Petroleum Company Limited (NNPCL) has reported a sharp rise in its monthly profit, which surged by 91.3 per cent to N539 billion in August 2025, up from N185 billion in July.
According to its Monthly Report Summary for August 2025, the company’s revenue also increased to N4.655 trillion compared to N4.406 trillion in July. Cumulatively, NNPCL said it remitted a total of N8.86 trillion into the Federation Account between January and July 2025.
On production, the report revealed that Nigeria pumped an average of 1.65 million barrels of crude oil per day in August, down 2.9 per cent from 1.7 million barrels per day in July. Gas output also dropped by 10 per cent to 6,949mmscf/d, compared with 7,722mmscf/d in the previous month. The company attributed the declines to scheduled maintenance activities across upstream facilities, including Nigeria LNG’s Turn Around Maintenance (TAM).
NNPCL assured that collaborative efforts were ongoing across the industry to ramp up production once the maintenance programmes are completed.
Providing updates on its infrastructure projects, the company disclosed that the Ajaokuta-Kaduna-Kano (AKK) gas pipeline had reached 84 per cent completion, with construction progressing simultaneously across multiple sections to fast-track delivery.
