The Nigerian National Petroleum Company Limited (NNPC Ltd) has transferred N12.117 trillion in statutory payments to the Federal Government from January to October 2025.
The figure appears in the NNPC Ltd Monthly Report Summary for November 2025.
The company recorded a profit after tax of N502 billion in November, rising from N447 billion in October.
Revenue reached N4.358 trillion in November alone, reflecting sustained earnings strength.
Hydrocarbon production averaged 6,968 million standard cubic feet per day in November, slightly down from 6,997 mmscf/d in October.
ALSO READ
The dip resulted from planned maintenance on key assets, including Esso-Erha, Stardeep-Agbami, and Renaissance-Estuary Area.
NNPC Ltd expects production recovery by end-December 2025 as maintenance nears completion.
The company prioritises its 2025 Turn Around Maintenance schedule and accelerates output from Joint Venture, Production Sharing Contract, and NEPL assets.
Progress continues on gas infrastructure, with early works on the OB3 River Niger Crossing and the Ajaokuta-Kaduna-Kano pipeline on track for 2026 completion.
These financial and operational gains bolster government revenues and domestic energy supply, supporting Nigeria’s fiscal stability and sector reforms.
