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
-
KMA bans open display of salt in eateries to curb rising hypertension cases
7 minutes -
Asiedu Nketia urges security services job seekers to be patient
10 minutes -
PURC cuts electricity and water tariffs from April 1 — here’s what you’ll pay
12 minutes -
‘Not a single scandal’ – Sam Jonah hails Vice President’s public record
13 minutes -
NACOC receives £56,752 drug detection equipment from Home Office International Operations
22 minutes -
Ghana, Serbia strengthen cooperation on family and child protection
23 minutes -
Diane Abbott honoured with Woman of the Century award at Women of Valour 2026
30 minutes -
Ghana Medical Trust Fund donates dialysis machines to Sunyani Teaching Hospital
33 minutes -
Gen Zs and millennials lead conversation on AI at Standard Chartered forum
42 minutes -
I saw the rigour Naana Opoku-Agyemang brought to every decision as UCC VC – Sam Jonah’s tribute to Veep
44 minutes -
GMA urges government to fast-track rural incentive policy for health workers
45 minutes -
Police, Immigration arrest 12 foreign nationals in cyber fraud, trafficking crackdown
56 minutes -
Maiden Tema Ladies Tournament tees off at Centre of World Golf Club
1 hour -
US and Iran call for each other’s World Cup absence
1 hour -
NYPD delegation visits Accra to deepen policing partnership with Ghana Police Service
1 hour
