NNPCL monthly profit rises 91% to N539bn

By Obas Esiedesa, Abuja

The Nigerian National Petroleum Company Limited (NNPCL) has reported a 91.3 percent surge successful its monthly profit, rising to N539 cardinal successful August 2025 from N185 cardinal successful July.

According to its Monthly Report Summary for August 2025, the company’s gross besides climbed to N4.655 trillion, compared to N4.406 trillion recorded successful July. The study further disclosed that a full of N8.86 trillion was remitted to the Federation Account betwixt January and July 2025.

On production, NNPCL stated that Nigeria produced an mean of 1.65 cardinal barrels of crude lipid per time successful August, representing a 2.9 percent diminution from the 1.7 cardinal barrels per time pumped successful July. Gas output besides dropped by 10 percent to 6,949mmscf/d, down from 7,722mmscf/d successful the erstwhile month.

The institution attributed the shortfall to scheduled attraction crossed immoderate upstream facilities, successful enactment with the Nigeria LNG Turn Around Maintenance (TAM). It noted that industry-wide collaboration was ongoing to ramp up accumulation pursuing the exercise.

Providing updates connected cardinal state infrastructure projects, NNPCL revealed that the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline has reached 84 percent completion, with operation progressing connected aggregate fronts to accelerate delivery.

It besides disclosed that the Obiafu-Obrikom-Oben (OB3) Gas Pipeline is 96 percent complete. So far, 113 kilometres of the pipeline person been commissioned, presently supplying astir 300mmscf/d of state from producers including AHL (250mmscf/d), arsenic good arsenic Platform, Chorus, and Xenergi (50mmscf/d).

The station NNPCL monthly nett rises 91% to N539bn appeared archetypal connected Vanguard News.