The Nigerian National Petroleum Company Limited (NNPC Ltd) remitted N14.706 trillion in statutory payments to the Federal Government between January and December 2025.
The figures were disclosed in the company’s Monthly Report Summary for December 2025.
The report also showed that the national oil company generated N60.5 trillion in total revenue for the year and recorded a profit after tax of N5.76 trillion, reflecting strong financial performance and increased contributions to government coffers.
NNPC Ltd’s latest monthly report highlights a significant rise in statutory remittances to the Federal Government in 2025.
Natural gas production reached 6,914 million standard cubic feet per day in December 2025. This is up from 6,968 million standard cubic feet per day (mmscf/d) recorded in November.
The report also provided updates on major gas infrastructure projects being executed by the company. These projects are central to boosting domestic gas supply and strengthening the country’s energy value chain.
NNPC stated that both projects remain on track for completion as planned, underscoring ongoing efforts to expand gas transmission capacity across the country.
The NNPC Ltd figures demonstrate its growing role as a key driver of Nigeria’s fiscal and energy outcomes.
With major maintenance cycles concluding and strategic gas projects advancing, the company is positioned to increase government revenue contributions, strengthen domestic energy supply, and support broader economic growth in 2026 and beyond.
The company announced that it recorded a Profit After Tax of N5.4 trillion from total revenue of N45.1 trillion for the full year ended 2024.
In December, President Bola Tinubu approved the cancellation of a substantial portion of debts owed by the NNPC Ltd to the Federation Account, wiping off about $1.42 billion and N5.57 trillion.