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
-
Metro Mass Transit fights back against ‘brazen’ private takeover of Opera Square terminal
34 minutes -
Trump calls for allies to help secure Strait of Hormuz as Iran vows to step up retaliation
1 hour -
US Embassy in Baghdad, Iraq attacked with missile that hits helipad
2 hours -
CSA reports rise in cyber incidents as over 23,000 enquiries recorded
3 hours -
Local dishes remain favourite at buffets and events
4 hours -
F1 cancels Bahrain, Saudi Arabia races due to Iran war
4 hours -
Three more Iran football team members change minds over asylum
5 hours -
WAEC Awards: PRESEC-Legon student grabs best business student prize
5 hours -
Bills Micro-Credit suspends officers over altercation with customer, hands them over to police
7 hours -
Court jails foreign national 5 years after GH¢1.9m & US$191k fake currency conviction
7 hours -
E.P. College of Education raises alarm over infrastructure deficit
8 hours -
Hamas urges key ally Iran to halt attacks on Gulf states
9 hours -
Trump urges UK and other nations to send ships to help secure Strait of Hormuz after Iranian attacks
9 hours -
Ken Ofori-Atta eyes US residency as Ghana seeks his extradition over corruption allegations
9 hours -
JoyNews’ Kwetey Nartey selected for 2026 Stigler Center Journalism Fellowship
9 hours
