NNPCL Achieves ₦7.2 Trillion Profit Amid Revenue Decline

The Nigerian National Petroleum Company Limited (NNPCL) reported a profit after tax of ₦7.2 trillion for 2025, marking a 33% increase from ₦5.4 trillion in 2024. During an official session, NNPCL's leadership outlined the company's transformation agenda, focusing on becoming a commercially driven energy company.

Key performance metrics included a 16% rise in operating cash flow to ₦12.8 trillion and a record dividend of ₦5.8 trillion. Crude oil production averaged 1.77 million barrels per day, the highest in five years, while natural gas output reached 7.2 billion standard cubic feet per day.

Despite these gains, NNPCL's revenue fell 24% to ₦34.5 trillion due to lower crude oil prices and reduced product volumes. The company aims to increase natural gas production to 12 billion standard cubic feet per day by 2030, with significant infrastructure projects like the AKK and OB3 pipelines completed.