Nigeria’s energy giant, the Nigerian National Petroleum Company Limited (NNPCL) has reported a 91.3 per cent increase in its monthly profit to N539 billion in August 2025, up from N185 billion recorded in July.
According to its Monthly Report Summary for August 2025, the company’s revenue rose to N4.655 trillion, compared to N4.406 trillion in July.
It added that a total of N8.86 trillion had been remitted to the Federation Account between January and July 2025.
On production figures, the report showed that Nigeria pumped an average of 1.65 million barrels of crude oil per day in August, representing a 2.9 per cent decline from 1.7 million barrels per day in July. Gas output also fell by 10 per cent to 6,949mmscf/d, from 7,722mmscf/d in the previous month.
The NNPCL attributed the decline to scheduled maintenance across some upstream facilities, in alignment with Nigeria LNG’s Turn Around Maintenance (TAM).
It explained that industry-wide collaboration is ongoing to ramp up production after the exercise.
The NNPCL disclosed that the Ajaokuta-Kaduna-Kano (AKK) gas pipeline had reached 84 per cent completion, with construction activities progressing on multiple fronts to accelerate delivery, while the Obiafu-Obrikom-Oben (OB3) Gas Pipeline was 96 per cent complete.
The report by Vanguard newspaper on Monday quoted the monthly report of the NNPCL as saying that 113km of the pipeline have been commissioned and supplying about 300mmscf/d of gas from producers, including AHL (250mmscf/d), as well as Platform, Chorus, and Xenergi (50mmscf/d).
GIK/APA