The Nigerian National Petroleum Company Limited (NNPC Ltd.) has reported a profit after tax of ₦5.76 trillion, underscoring the strong financial performance of the state-owned energy company as it continues to play a central role in Nigeria’s oil and gas sector.
The figures were disclosed in the company’s January 2026 Monthly Report, which outlines operational and financial performance across the upstream, midstream and downstream segments of the country’s petroleum industry.
According to the report, the company generated total revenue of ₦60.517 trillion during the period under review, while statutory payments to the government and industry partners amounted to ₦14.706 trillion. The performance highlights the continued importance of the oil and gas sector to Nigeria’s fiscal stability and economic growth.
The report also showed that crude oil and condensate production remains a key contributor to the company’s earnings. Nigeria’s oil output averaged about 1.62 million barrels per day in 2025, reflecting the steady contribution of upstream operations to the country’s export earnings and government revenues.
NNPC noted that operational activities across the energy value chain remained stable during the reporting period, with strong pipeline availability helping to ensure efficient crude evacuation and gas distribution. The company said improvements in operational reliability have helped sustain production and strengthen the country’s energy supply chain.
In the gas sector, the national oil company continues to prioritise expansion of domestic supply as part of broader efforts to deepen gas utilisation across the economy. Major infrastructure initiatives, including the Ajaokuta–Kaduna–Kano pipeline project, are expected to deliver natural gas to industries, fertiliser plants and power generation facilities, particularly in northern Nigeria.
The report further highlighted ongoing improvements in the downstream segment, with increased availability of petroleum products across the company’s retail network. NNPC said the improved distribution of petrol and other products has helped stabilise supply in parts of the country.
The company’s monthly operational report forms part of a transparency initiative introduced after its transition into a commercially driven entity under Nigeria’s Petroleum Industry Act. The regular disclosures are intended to provide insight into the performance of the national oil company while strengthening investor confidence in the country’s energy sector.
As Africa’s largest oil producer, Nigeria continues to rely heavily on petroleum revenues to support government spending and foreign exchange earnings, making the financial performance of NNPC a key indicator of the country’s broader economic outlook.
