According to the Nigerian National Petroleum Company Limited, NNPCL, in September, 2025, the company has realized a profit after tax, PAT of N216 billion out of a total revenue of N4.26 trillion.
The overall revenue is a decreasing figure compared to the N4.654 trillion in August 2025.
This was revealed on Tuesday in the monthly financial report of the state-owned oil firm.
The NNPCL reported that its PAT decreased by 40 per cent in September to N216 billion compared to N539 billion in August.
According to the firm, its statutory payments to Federation Account amounted to N10.073 trillion between January and August 2025.
The growth was triggered when the NNPCL indicated that the production of the country in terms of crude oil and condensate was 1.61 million barrels/mbmbd, which is 1.61 million barrels per day. Out of this amount, the crude oil production was 1.37mmbpd, slightly lower than the 1.38 mmbpd in August, and total condensate production stood at 0.24 mmbpd, compared to 0.26 mmbpd in August.
Moreover, natural gas production was 6,284 MMSCF/day, mmscfd, and sales of natural gas were 3,443 mmscfd last month, September, as compared to 4,201 mmscfd in August.
The NNPCL has indicated that there was 77 per cent availability of petrol at its retail outlets with upstream pipeline availability of 96 per cent.
The report also reported that the company paid statutory payments to the government of up to N10.073 trillion between January and August.
It also noted that production has been moderated in the period owing to planned maintenance works, including those at NLNG, and the incremental restoration of previously closed assets, as well as lateness in the start up of operations at OMLs 71 and 72.
The company also reported that significant work against Ajaokuta-Kaduna-Kano AKK Gas Pipeline had been made at 88 per cent completion.
Moreover, the Obiafu-Obrikom-Oben, OB3 Gas Pipeline was at the completion level, 96 per cent.
