Audio By Carbonatix
Nigeria's state oil firm NNPC booked after-tax profits of 5.760 trillion naira ($4.26 billion) last year, it said, as Africa's biggest oil producer recorded average crude and condensate output of 1.62 million barrels per day.
Total revenue was 60.517 trillion naira, with statutory payments to government agencies and partners amounting to 14.706 trillion naira for the year.
NNPC did not include comparison figures from the previous year in the results released on Wednesday.
It said crude production dipped slightly in December - the last month of the period - from earlier months due to scheduled maintenance and several unplanned outages.
December oil and condensate production averaged 1.54 million bpd, with revenue for the month reaching 4.824 trillion naira.
Natural gas supply in December averaged more than 6.914 billion standard cubic feet per day.
Downstream metrics improved in December, the company said, with Nigerian Refining Limited stations achieving 65% petrol (PMS) availability, marking an increase from previous periods.
Upstream infrastructure also performed strongly, with pipeline systems reporting 100% availability.
The company highlighted continued progress on major gas infrastructure projects. Mainline welding on the Ajaokuta-Kaduna-Kano pipeline was completed in December, while pilot-hole drilling progressed on the Obiafu-Obrikom gas pipeline.
NNPC said all figures remain provisional pending final reconciliation with stakeholders.
Latest Stories
-
China’s regulator summons Walmart over food safety issues
38 minutes -
ECOWAS mourns former Commission President James Victor Gbeho
43 minutes -
FIFA releases statement over Uruguay travel chaos before World Cup 2026 match
57 minutes -
Mother returning from South Africa detained at airport, bail denied – Barker-Vormawor alleges
1 hour -
Global leaders react to announcement of US-Iran peace agreement
1 hour -
World Cup: Sub Amad Diallo strikes to give Ivory Coast perfect start
2 hours -
World Cup teams reject Ceferin ‘uninteresting’ claim
4 hours -
‘I’ll be staying out of the way’ – Southgate on World Cup punditry
5 hours -
Oil prices slide after Pakistan announces deal between US and Iran
5 hours -
Real Madrid agree ÂŁ51.8m deal for Chelsea’s Cucurella
5 hours -
Starmer set to ban under-16s from major social media platforms
5 hours -
Author Chimamanda Adichie accuses hospital of stalling review into son’s death
5 hours -
FIFA to pay Somali referee Artan full World Cup fee
5 hours -
11 skydivers and pilot killed in plane crash in the US state of Missouri
6 hours -
Hamilton wins first grand prix for Ferrari
6 hours