The Nigerian National Petroleum Company Limited has reported a significant increase in its monthly profit, rising by 91.3 per cent to N539 billion in August 2025, up from N185 billion recorded in July.

According to the company’s Monthly Report Summary for August 2025, NNPCL’s revenue also increased to N4.655 trillion, compared to N4.406 trillion in July. The company remitted a total of N8.86 trillion to the Federation Account between January and July 2025.

However, the report showed a decline in crude oil production, with Nigeria pumping an average of 1.65 million barrels per day in August, representing a 2.9% decline from 1.7 million barrels per day in July. Gas output also fell by 10% to 6,949mmscf/d, from 7,722mmscf/d in the previous month.

NNPCL attributed the decline to scheduled maintenance across some upstream facilities, in alignment with Nigeria LNG’s Turn Around Maintenance. The company stated that industry-wide collaboration was ongoing to ramp up production after the exercise.

NNPCL provided updates on gas infrastructure projects, disclosing that the Ajaokuta-Kaduna-Kano gas pipeline had reached 84% completion, with construction activities progressing on multiple fronts to accelerate delivery.

The company also announced that the Obiafu-Obrikom-Oben Gas Pipeline was 96% complete, with 113 kilometres of the pipeline already commissioned, supplying about 300mmscf/d of gas from producers.