The Nigerian National Petroleum Company Limited (NNPCL) has announced a total group revenue of ₦4.27 trillion and a profit after tax of ₦216 billion for September 2025, a performance widely credited to the ongoing energy sector reforms under the administration of President Bola Ahmed Tinubu.
According to the company’s financial and operational report, crude oil and condensate production averaged 1.61 million barrels per day during the month, slightly lower than the 1.64 million barrels per day recorded in August. Despite this modest dip, NNPCL maintained strong earnings, driven by improved operational efficiency and strategic investments encouraged by the government’s reform agenda.
Natural gas production averaged 6.28 billion standard cubic feet per day, while upstream pipeline availability stood at 96 percent, reflecting steady infrastructure performance and enhanced security measures in oil producing regions.
From January to August 2025, NNPCL’s statutory remittances to the federation exceeded ₦10 trillion, reaffirming its position as Nigeria’s leading revenue contributor and a cornerstone of the nation’s economic stability.
Analysts note that President Tinubu’s reform driven policies focused on transparency, investment, and local capacity development continue to strengthen NNPCL’s profitability and global competitiveness.
