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NNPC Ltd recorded ₦502bn profit in November 2025, generating ₦4.36tn revenue despite lower crude output.
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Gas production and trading gains sustained profitability as crude output averaged 1.36mbpd.
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Petrol prices dropped below ₦800/litre at NNPC stations amid rising downstream competition.
The Nigerian National Petroleum Company Limited (NNPC Ltd) has recorded a profit after tax of ₦502 billion in November 2025, sustaining its profitability streak despite challenges in crude oil production.
According to the company’s Monthly Financial and Operations Report, revenue for the month stood at ₦4.358 trillion, supported largely by improved gas production, strong trading activities, and full pipeline availability.
READ ALSO: NNPCL Posts ₦502bn Profit in November Despite Decline in Crude Output
Crude oil and condensate output averaged 1.36 million barrels per day, recovering from October’s 1.30mbpd after three consecutive months of decline. Gas production remained resilient at 6,968 million standard cubic feet per day, reinforcing earnings stability.
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Cumulative statutory remittances to the Federation Account reached ₦12.12 trillion between January and October 2025.
Amid the strong financial performance, NNPC joined intensifying downstream competition by cutting petrol pump prices below ₦800 per litre at its retail outlets.
Some stations in Lagos and Ogun states were observed selling petrol at ₦785 per litre, following price reductions by the Dangote Petroleum Refinery and other marketers.
