Search

Nigeria’s state oil firm NNPCL posts $4.2bn profit for 2025

An oil worker on the field. Photo by Chintya Akemi Keirayuki @ Unsplash
An oil worker on the field. Photo by Chintya Akemi Keirayuki @ Unsplash
  • NNPCL posts N5.76tn ($4.2bn) 2025 profit
  • Revenue hits N60.52tn ($44.7bn); remits N14.71tn

 

ABUJA, NIGERIA – Nigeria’s state oil firm NNPCL reported a provisional full-year profit of N5.76tn ($4.2bn) for 2025, underscoring a strategic pivot towards gas and downstream operations.

The Nigerian National Petroleum Company Limited (NNPCL) said its Profit After Tax (PAT) rose 6.6% from N5.4tn in 2024, according to its latest monthly operations report for December. Group revenue for the 12 months ended December 2025 climbed to N60.52tn ($44.7bn), while remittances to the federal government totalled N14.71tn.

Recent Business

Kibret Abebe, CEO of Tebita Ambulance (r) being recognised in Davos
Meet Kibret Abebe, the Ethiopian CEO who built a $500,000 ambulance enterprise
Read More »
Man pushing truck with gallons of water in Benin. Photo by Dananjaya Nugraha @ Unsplash
Can West Africa’s development bank scale up without taking on too much risk?
Read More »
Nigeria President Bola Tinubu. Photo @Bola Tinubu/Facebook
Nigeria is spending its oil windfall: smart counter-cyclical move or risky fiscal bet?
Read More »

Recent Politics

Kenya youth protest. Photo by Hassan Kibwana @ Unsplash
Will Kenya's new Gen Z uprising turn voter registration into a global youth political wave?
Read More »
Nigeria young voters protest for reforms. Photo by Ayoola Salako @ Unsplash
Nigeria’s oil paradox in the Iran war: windfall gains, inflation pain
Read More »
A soldier in the war front. Photo by Stijn Swinnen @ Unsplash
Kenya halts recruitment into Russia’s war. Who gains and who loses?
Read More »

Latest Posts

Latest news insights