The Nigeria National Petroleum Company Limited, NNPC Limited, has announced N7.2 trillion profit for the year ending December, 31, 2025.
The government-controlled oil company made the announcement in a statement
signed by its Chief Corporate Communications Officer, Andy Odey, after its Annual General Meeting,AGM in Abuja,the nation’s capital saying the profit is an indication o operational efficiency and growth.
According to Odeh, Profit After Tax, PAT, rose 33 percent to ₦7.2 trillion from ₦5.4 trillion in 2024, while revenue stood at N34.5 trillion, a decline of over 24 percent compared tothe previous business year, which according tothe company, reflects lower crude oil prices and reduced white product volumes following market deregulation in 2024.
Speaking NNPCL Group chief executive, Bashir Bayo Ojulari, said the results posetd by the company is an indication of disciplined and dedicated workforce, adding that NNPCL is getting value as a result ofits investment in people and assets which isnow delivering value to community and shareholders.
“Our 2025 performance shows what disciplined execution and a capable workforce can deliver.
“We are strengthening earnings, growing production and investing in the people and assets that will sustain value for our shareholders, communities and the Nigerian people,” Ojulari said.
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