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NNPC
NNPC Limited generated N28.54 trillion in revenue and recorded N2.99 trillion in profit after tax between January and August 2026.
NNPC, the country’s national oil company, has released its 2025 annual report for the year ended December 2025, reporting an 18.3% increase in pre-tax profit to N11.31 trillion, compared with N9.56 trillion in 2024.
The Nigerian National Petroleum Company Limited’s (NNPC) forward-sale obligations rose to N8.25 trillion in 2025, tying future oil and gas deliveries to money already collected and putting pressure on future cash generation.
NNPC Group spent N22 trillion in 2025 comprising N11.56 trillion royalties, N6.46 trillion spent on oil and gas properties and N4 trillion paid as dividends for the year.
Crude oil generated about 74% of the Nigerian National Petroleum Company Limited’s (NNPC Ltd.) N34.52 trillion revenue in 2025, reinforcing its position as the state-owned energy company’s largest source of operating revenue despite a decline in crude sales during the year.
NNPC Group’s income tax and royalty payments rose 150% to N14.71 trillion in 2025 from N5.88 trillion in 2024.
The Nigerian National Petroleum Company Limited (NNPC Ltd) spent N111.04 billion on training and recruitment in 2025, representing a 22.8% increase from the amount recorded in the previous year.
The Nigerian National Petroleum Company Limited (NNPC Ltd.) recorded N7.10 trillion in sundry income in 2025, an amount equivalent to about 99% of the N7.18 trillion net profit reported by the state-owned energy company for the year.
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has said it does not have a fixed date for its proposed Initial Public Offering (IPO), noting that the final decision to proceed rests with its shareholders.
NNPC Limited’s profit after tax rose 33% to N7.2 trillion in 2025 from N5.4 trillion in 2024, despite a 24% decline in revenue to N34.5 trillion.
Nigerian crude fell early this week as OPEC+ signals a modest production increase for November and northern Iraq resumed exports, causing concerns about a growing oversupply despite high prices.
Seplat Energy has revealed that it is in discussions with the Nigerian National Petroleum Company Limited (NNPC) regarding the possible sale of a 10% interest in the NNPC/SEPNU Joint Venture (JV).