The Nigerian National Petroleum Company (NNPC) posted a US$652 million profit in November 2025, maintaining strong earnings despite lower crude production.
Revenue for the month reached US$5.66 billion, driven by resilient gas output and steady domestic fuel supply, which offset operational challenges at some crude-producing assets.
Crude production averaged 1.36 million barrels per day, recovering slightly from October, while gas output remained stable at 6,968 million standard cubic feet per day.
In response to market pressures, NNPC cut petrol prices below ₦800 (US$1.04) per litre, competing with Dangote Refinery’s ₦739 (US$0.96) pump price. Some Lagos and Ogun stations now sell fuel at ₦785–₦799 (US$1.02–US$1.04) per litre to retain customers.
Key gas projects, including the Ajaokuta–Kaduna–Kano and Obiafu–Obrikom–Oben pipelines, progressed steadily, with completion targeted in 2026.
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The NNPC Foundation also gained recognition, winning five SERAS Sustainability Africa Awards and advancing hospital rehabilitation projects in Lagos.
NNPC’s performance underscores its role as a major contributor to Nigeria’s economy, combining strong fiscal returns with growing investment in gas infrastructure and social initiatives.
