{
  "id": 11122977,
  "title": "Crude oil generated 74% of NNPC’s N34.5 trillion revenue in 2025",
  "url": "https://urgent.news/2026/10/01/crude-oil-generated-74-of-nnpcs-n34-5-trillion-revenue-in-2025",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-01T05:59:45.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/10/01/crude-oil-generated-74-of-nnpcs-n34-5-trillion-revenue-in-2025/"
  },
  "original_language": "en",
  "account": "The Nigerian National Petroleum Company Limited (NNPC Ltd.) reported that crude oil generated approximately 74% of its N34.52 trillion revenue in 2025, maintaining its standing as the primary source of operating revenue for the state-owned energy company. This figure, disclosed in NNPC's 2025 Annual Financial Report, highlights the company's continued reliance on crude oil sales despite a 23.4% decrease in overall revenue, which fell from N45.08 trillion in 2024 to N25.39 trillion in 2025. The decline in crude sales was attributed to a 13.1% year-on-year drop, with NNPC producing an average of 1.77 million barrels of crude oil and condensate daily - its highest average daily crude production in five years. However, the company mitigated the impact of the revenue decline with a significant increase in Profit After Tax to N7.18 trillion, up from N5.41 trillion the previous year. This growth was primarily driven by a sharp surge in other income, which rose to N8.42 trillion in 2025, more than double the N3.39 trillion recorded in 2024. This substantial uptick in other income, including a write-back of provisions from the Amenam-Kpono stock overlift claim, helped NNPC offset the decline in Group revenue and maintain its financial performance. Looking ahead, NNPC has set targets to increase crude oil production to 2 million barrels per day by 2027 and 3 million barrels per day by 2030. The company's strategic focus on expanding production across its upstream operations underscores its commitment to maintaining a strong position in the energy sector.",
  "summary": "Crude oil generated about 74% of the Nigerian National Petroleum Company Limited’s (NNPC Ltd.) N34.52 trillion revenue in 2025, reinforcing its position as the state-owned energy company’s largest source of operating revenue despite a decline in crude sales during the year. The post Crude oil generated 74% of NNPC’s N34.5 trillion revenue in 2025 appeared first on Nairametrics .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Nairametrics",
        "title": "NNPC deploys N22 trillion in 2025, royalties gulp N11.6 trillion",
        "url": "https://urgent.news/2026/10/01/nnpc-deploys-n22-trillion-in-2025-royalties-gulp-n11-6-trillion",
        "published": "2026-10-01T07:04:35.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}