On February 11, 2026, the Nigerian National Petroleum Company Limited (NNPC Ltd) released its provisional financial results for 2025, reporting a record after-tax profit of ₦5.76 trillion ($4.26 billion). These figures underscore the company’s continued transition into a commercially viable, profit-driven entity following the implementation of the Petroleum Industry Act (PIA).
The results highlight a year of high revenue generation driven by steady production and infrastructure milestones, despite minor setbacks in the final month of the year.
1. Financial and Production Highlights
The NNPC recorded a massive top-line revenue, bolstered by an average daily production of 1.62 million barrels of crude and condensate throughout the year.
2. Infrastructure and Downstream Performance
The report indicated significant improvements in infrastructure reliability and domestic fuel availability, particularly during the high-demand December period.
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Pipeline Reliability: Upstream infrastructure reported 100% availability, suggesting a decrease in successful vandalism attempts or technical downtime on major trunklines.
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Refining and Retail: Nigerian Refining Limited (NRL) stations achieved 65% petrol (PMS) availability in December, a notable increase from previous months, aimed at curbing festive season fuel queues.
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Gas Infrastructure: * AKK Pipeline: Mainline welding on the Ajaokuta-Kaduna-Kano (AKK) pipeline was completed in December, a critical step toward boosting industrial power in Northern Nigeria.
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OB3 Pipeline: Pilot hole drilling advanced on the Obiafu-Obrikom-Oben (OB3) gas pipeline, which is essential for connecting gas fields in the East to the West.
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3. Challenges and Outlook
While the year was profitable, December saw a slight dip in production to 1.54 million bpd (down from the yearly average of 1.62 million). NNPC attributed this to:
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Scheduled Maintenance: Planned shutdowns for equipment longevity.
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Unplanned Outages: Unexpected technical hitches that affected daily output.
The company noted that these figures are provisional and subject to final reconciliation with industry stakeholders and auditors.
“The completion of AKK mainline welding and 100% pipeline availability in December demonstrate our commitment to energy security and operational excellence.” — NNPC Ltd Statement, February 2026.
