NNPC’s profit rises 33% to N7.2tn, remits N22.3tn to government
The Nigerian National Petroleum Company Limited has announced a 33% increase in its profit after tax to N7.2tn for the 2025 financial year. Read More: https://punchng.com/nnpcs-profit-rises-33-to-n7-2tn-remits-n22-3tn-to-government/
The Nigerian National Petroleum Company Limited (NNPC) reported a 33 percent increase in profit after tax, reaching N7.2tn in 2025, despite a decline in revenue due to falling crude oil prices and reduced product volumes. The Group Chief Executive Officer, Bayo Ojulari, revealed these results during a media interaction in Abuja.
The CEO emphasized that the company's improved profitability came from operational enhancements and financial discipline, despite the challenging conditions. NNPC's profit growth outpaced the 39 percent increase in government remittances, while production reached record levels with crude oil and condensate output peaking at 1.77 million barrels per day and gas supply hitting a three-year high of 7.2 billion standard cubic feet per day.
Ojulari cautioned that the company must maintain these gains and improve performance in the future to sustain growth and strengthen Nigeria's energy security.
Written by urgent.news from Punch's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
