The Nigerian National Petroleum Company Limited (NNPC Ltd), Nigeria’s state-owned oil corporation, has transferred a total of ₦12.117 trillion in statutory payments to the Federal Government between January and October 2025.
Okay News reports that the figure was disclosed in the company’s Monthly Report Summary for November 2025.
NNPC Ltd recorded a profit after tax of ₦502 billion in November alone, rising from ₦447 billion in October, amid improved market conditions.
The corporation generated ₦4.358 trillion in revenue during November, maintaining strong earnings despite slight variations in output.
Hydrocarbon production averaged 6,968 million standard cubic feet per day in November, marginally down from 6,997 mmscf/d in October.
The dip was primarily attributed to scheduled maintenance on major assets, including Esso-Erha, Stardeep-Agbami, and Renaissance-Estuary Area.
NNPC Ltd stated that these maintenance activities are nearing completion, with production recovery anticipated by the end of December 2025.
The company is prioritising its 2025 Turn Around Maintenance schedule and accelerating initiatives across Joint Venture, Production Sharing Contract, and NNPC Energy Production Limited assets to bolster the 2026 production plan.
Progress continues on critical gas infrastructure, with early works on the OB3 River Niger Crossing and the Ajaokuta–Kaduna–Kano (AKK) Gas Pipeline on track for 2026 completion.
These remittances and profits underscore NNPC Ltd’s pivotal role in enhancing Nigeria’s fiscal revenues and energy security as operational efficiencies and infrastructure investments yield results.
, Nigeria's state-owned oil corporation, has transferred a total of ₦12.117 trillion in statutory payments to the Federal Government between January and October 2025.){kind=link}