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Nigeria’s state-owned lipid company, the Nigerian National Petroleum Company Limited (NNPCL) has transferred a grounds N10.07 trillion to the Federation Account successful the archetypal 8 months of 2025.
The figure, disclosed successful NNPC’s September 2025 monthly report, represents the company’s statutory payments betwixt January and August 2025.
NNPCL besides reported N4.27 trillion successful radical gross and N216 cardinal successful nett aft taxation for the period, according to provisional information successful the company’s monthly summary.
The results included adjustments to the outgo of income and income tax.
The surge was supported by higher crude prices, improved accumulation levels, and stronger state sales.
Average crude lipid and condensate accumulation held dependable astatine 1.61 cardinal barrels a time (bpd) successful September, according to the report, somewhat beneath August’s 1.64 cardinal bpd.
Production peaked astatine 1.77 cardinal bpd earlier successful the twelvemonth earlier moderating amid attraction astatine the Nigeria LNG works and delayed start-ups astatine Oil Mining Leases (OMLs) 71 and 72.
The authorities vigor steadfast stated that output has been supported by “industry-wide collaboration and accumulation betterment initiatives,” though challenges persisted successful curbing crude theft and vandalism successful the Niger Delta.
Natural state accumulation averaged 6.28 cardinal modular cubic feet per time (scf/d) successful September, down from astir 6.95 cardinal successful August, reflecting impermanent attraction slowdowns. NNPC said advancement connected the Ajaokuta–Kaduna–Kano (AKK) and Obiafu–Obrikom–Oben (OB3) pipelines remains connected track, with the AKK present 88 per cent complete.
Brent crude prices averaged astir $65 a tube during the 3rd quarter, portion Nigeria’s output betterment helped offset weaker refining margins and precocious home organisation costs.
The company, present operating nether the Companies and Allied Matters Act, has emphasised a commercialized turnaround since its incorporation successful 2021, reducing inter-agency leakages and accelerating outgo timelines to the federation.
According to the report, pipeline uptime crossed upstream operations averaged 96 per cent successful September, reflecting less disruptions from sabotage oregon leaks. Security collaborations with the Nigerian subject and section surveillance groups person importantly reduced downtime successful the Niger Delta.
Also, NNPC Retail Ltd sustained 77 per cent petrol availability crossed its filling stations nationwide, signalling dependable proviso contempt marketplace disruptions pursuing subsidy reforms. The institution has besides expanded the NNPC-branded web to much agrarian locations to amended substance accessibility.
If existent remittance trends hold, analysts said NNPC’s full payments could transcend N15trillion by year-end, providing a important cushion for authorities finances and external reserves.
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