NNPC Limited’s profit after tax drops by 149.54% to N216bn

By Udeme Akpan, Energy Editor

The NNPC Limited’s nett aft taxation dropped by 59.93 per cent to N216 cardinal successful September 2025, compared to N539 cardinal successful August 2025.

The company’s gross besides decreased by 8.39 per cent to N4.26 trillion successful September 2025 from N4.65 trillion successful August.

According to the company, crude lipid accumulation averaged 1.61 cardinal barrels per time (bpd) successful September, down from 1.65 cardinal bpd successful August.

Also, Natural state output dropped to 6.28 cardinal modular cubic feet regular (mscfd) from 6.94 cardinal scfd.

The company, which disclosed these successful its September 2025 Monthly Report Summary, said remains committed to completing the Ajaokuta-Kaduna-Kano (AKK) state pipeline and Obiafu-Obrikom-Oben (OB3) state pipeline project, with important advancement recorded.

It stated: “All production, income and fiscal figures are provisional and taxable to reconciliation with applicable stakeholders.”

The institution stated that it would “Sustain manufacture wide collaboration and thrust accumulation betterment initiatives, adding that, “Production levels during the play were temporarily moderated owed to planned attraction activities including those astatine NLNG alongside the phased betterment of antecedently shut-in assets and delays successful the commencement of operations astatine Oil Mining Leases, OMLs 71 and 72.”

It added: “AKK: Sustained absorption is being directed towards completion of the mainline works with important advancement being recorded. OB3 (River Niger Crossing): Implementation of revised execution strategy underway to guarantee transportation wrong people timelines.”

The station NNPC Limited’s nett aft taxation drops by 149.54% to N216bn appeared archetypal connected Vanguard News.