The Nigerian National Petroleum Company Limited experienced a decline in both production and earnings, losing approximately N380 billion in September 2025 compared to the previous month, according to its latest monthly performance report.

The report showed that total revenue for September stood at N4.27 trillion, down from N4.65 trillion in August, reflecting a month-on-month drop of around N380 billion.

Profit after tax also fell sharply, from N539 billion in August to N216 billion in September.

Crude oil and condensate production averaged 1.61 million barrels per day in September, slightly lower than the 1.65 million barrels per day recorded in August.

NNPC attributed the production shortfall to “planned maintenance activities, including those at NLNG, alongside the phased recovery of previously shut-in assets and delays in the commencement of operations at OMLs 71 and 72.”

The report showed that crude oil production fell from 1.39 million barrels per day (mbpd) in August to 1.37 mbpd in September, while condensate output dropped from 0.26 mbpd to 0.24 mbpd.

Natural gas production also declined during the period, falling from 6,949 million standard cubic feet per day (mmscf/d) in August to 6,284 mmscf/d in September. Gas sales similarly decreased from 4,201 mmscf/d to 3,443 mmscf/d.

Despite the lower production, NNPC reported progress on key gas infrastructure projects. The company noted that efforts continue on the Ajaokuta-Kaduna-Kano gas pipeline, with mainline construction having reached 88 per cent completion as of September.

On the Obiafu-Obrikom-Oben gas pipeline, the company stated that “implementation of a revised execution strategy is underway to ensure delivery within target timelines.”

NNPC added that a 113 km segment of the OB3 Gas Pipeline has been commissioned, currently transporting around 300 million standard cubic feet per day (mmscf/d) of gas from producers including AHL, Platform, Chorus, and Xenergi.

Cumulative statutory payments from January to August remained steady at N10.07 trillion, unchanged from the previous month.

The company’s retail station wetness—a measure of petrol availability—dipped slightly from 79 per cent in August to 77 per cent in September.

On the social front, the NNPC Foundation expanded its impact initiatives, launching training programs for vulnerable farmers in the Northern Zones. In the North-Central Geopolitical Zone alone, 2,141 farmers were trained, bringing the total number of smallholder farmers reached to 7,072.