The Nigerian National Petroleum Company Limited (NNPCL) just dropped some wild numbers—monthly profit shot up by a jaw-dropping 91.3%. We’re talking N539 billion in August 2025, up from N185 billion in July. That’s not just a little bump; that’s a whole trampoline jump.
Their August report is packed with cash talk. Revenue hit N4.655 trillion (yeah, with a “T”), leaving July’s N4.406 trillion in the dust. Plus, from January to July, they funneled N8.86 trillion into the Federation Account. That’s a lot of zeros, man.
Now, not everything’s sunshine and rainbows. Crude oil production actually slipped a bit—down to an average of 1.65 million barrels a day in August, compared to 1.7 million in July. Not a disaster, but hey, numbers don’t lie. Gas production took a bigger hit, dropping 10% to 6,949 mmscf/d from 7,722 mmscf/d. The culprit? Planned maintenance at a bunch of upstream facilities, part of Nigeria LNG’s big Turn Around Maintenance (TAM) thing. Apparently, the industry’s banding together to ramp things back up once the wrenches are put away.
On the infrastructure side, there’s actually some good news for once. The Ajaokuta-Kaduna-Kano (AKK) gas pipeline is cruising along at 84% finished. Construction’s still humming on a bunch of sections, so they’re not just talking—they’re actually doing stuff. Meanwhile, the Obiafu-Obrikom-Oben (OB3) Gas Pipeline is basically crossing the finish line at 96% done.
And get this—113 kilometers of the pipeline are already up and running, pumping out about 300 mmscf/d of gas. Of that, AHL’s slinging 250 mmscf/d, and the rest comes from Platform, Chorus, and Xenergi chipping in 50 mmscf/d. Not too shabby.
So yeah, money’s rolling in, pipes are going down, but production’s got a bit of a limp. Typical oil biz rollercoaster.
