The Nigerian National Petroleum Company (NNPC) Limited paid a total of N12.117 trillion in statutory revenue to the federal government between January and October 2025, highlighting its growing financial contribution to the national treasury.
This was disclosed in the company's monthly report summary for November 2025, which also highlighted strong financial performance during the period.
According to the report, NNPC Limited recorded a profit after tax of N502 billion in November, up from N447 billion in October, reflecting improved market dynamics and operational efficiency.
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The national oil company generated revenue of N4.358 trillion in November alone, maintaining a strong earnings momentum despite slight fluctuations in production levels.
Hydrocarbon production during the month averaged 6,968 million standard cubic feet per day (mmscf/d), slightly lower than 6,997 mmscf/d recorded in October.
NNPC attributed the slight decline in production to the planned maintenance of key producing assets including Esso-Erha, Stardeep-Agbami and Renaissance-Estuary fields.
“November's production performance was primarily due to planned maintenance activities at key assets, which are nearing completion, with production expected to recover by the end of December 2025, as well as continued delays in WAEP first oil,” the company said.
The firm focused its efforts on increasing production from the joint venture (JV), production sharing contract (PSC) and NNPC Exploration and Production Limited (NEPL) assets to meet its 2025 Turn Around Maintenance (TAM) program and support its 2026 output targets.
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NNPC noted that its recent performance is in line with Nigeria's broader effort to strengthen energy security and increase government revenues, as major maintenance works are concluded and investments in gas infrastructure proceed.
The company said progress is being made on key gas projects, with preliminary construction activities underway at the OB3 River Niger crossing, while the Ajaokuta-Kaduna-Kano (AKK) gas pipeline remains on schedule for completion in 2026.
Earlier, NNPC Group CEO Bio Ojulari announced the completion of the main pipeline line of the AKK Gas Project.
This milestone is expected to significantly boost gas supply to northern Nigeria, a region historically constrained by inadequate energy infrastructure, while supporting industrial development and power generation.
