From Victor Osula, Abuja
The Nigerian National Petroleum Company (NNPC) Limited has declared a cumulative revenue of N4.655 trillion as of August 2025, reflecting an increase from N4.406 trillion in July.
According to the company’s Monthly Report Summary for August 2025, released on Friday, Profit After Tax (PAT) rose sharply to N539 billion in August, up from N185 billion in July and a drop from the N905 billion recorded in June, which was, at the time, a drop from the N1.054 trillion recorded in May.
Also, statutory remittances to the Federation increased, reaching N8.86 trillion by the end of July, compared to N7.96 trillion in the first half of the year.
However, operational data revealed a drop in crude and condensate production, which averaged 1.65 million barrels per day in August, down from 1.7 million bpd in July. Natural gas production also declined to 6,949 million standard cubic feet per day, compared to 7,722 mmscf per day recorded in the previous month.
Similarly, crude oil and condensate sales decreased to 22.37 million barrels in August from 25.49 million barrels in July, while gas sales eased to 4,201 mmscf per day, against 4,978 mmscf per day in July. The company attributed the reductions to turnaround maintenance conducted on upstream facilities in line with the Nigeria LNG maintenance schedule.
According to the report, all production, sales, and financial figures are provisional and subject to reconciliation with relevant stakeholders.
On infrastructure projects, progress was reported on the Ajaokuta–Kaduna–Kano pipeline, which advanced from 83 percent completion in July to 84 percent in August. The Obiafu–Obrikom–Oben pipeline also remained active, with 113 kilometres already commissioned and about 300 mmscf of gas supplied daily by producers, including AHL (250 mmscf) and Platform, Chorus, and Xenergi (50 mmscf).
In the downstream segment, the level of “wetness” which is the availability of petroleum products at NNPC retail outlets, improved to 76 percent in August, compared with 70 percent in July.
Highlighting the company’s corporate social responsibility initiatives in August, the report stated that 60,231 National Youth Service Corps members were trained in financial literacy, bringing the cumulative number of beneficiaries to 930,614. NNPC also sponsored the Code4Privacy Hackathon in collaboration with the Nigeria Data Protection Commission, which engaged 141 young Nigerians in digital innovation.
