NNPC’s Profit Surges 91.3% to N539bn in August
Abayomi Grace
The Nigerian National Petroleum Company Limited (NNPC) has reported a significant surge in its monthly profit, with a 91.3% increase to N539 billion in August from N185 billion in July. This growth is attributed to the company’s strategic management and operational efficiencies despite ongoing sector challenges.
NNPC generated N4.655 trillion in revenue from oil in August, up from N4.406 trillion in July, driven by improved operational efficiency and stronger product availability. The company remitted N8.86 trillion to the federation account between January and July 2025, representing about 24.3% of Nigeria’s projected 2025 budget revenue. NNPC’s profit after tax increased to N539 billion, showing significant growth from the previous month.
Nigeria’s crude oil and condensate production stood at 1.65 million barrels per day (mbpd) in August, slightly down from 1.70 mbpd in July due to scheduled maintenance. Gas production decreased by 10% to 6,949 million standard cubic feet per day (mmscf/d) in August, down from 7,722 mmscf/d in July. Gas sales dropped to 4,201 mmscf/d in August from 4,978 mmscf/d in July.
The Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline reached 84% completion, with construction progressing on multiple fronts to accelerate delivery. The Obiafu-Obrikom-Oben (OB3) Gas Pipeline achieved 96% completion, with 113 km already commissioned and supplying about 300 mmscf/d of gas.
NNPC trained 60,231 members of the National Youth Service Corps in financial literacy in August, bringing the total number of trained corps members to 930,614. The company sponsored the Code4Privacy Hackathon, organized with the Nigeria Data Protection Commission, which engaged 141 young Nigerians.
