NNPC Records N15.4 Trillion Revenue Growth in 2025 as Profit Hits N5.76 Trillion Under Ojulari Leadership
The Nigerian National Petroleum Company Limited (NNPC Ltd) has recorded a major financial breakthrough in 2025, posting a year-on-year revenue increase of N15.4 trillion. The company’s total revenue rose to N60.517 trillion from N45.1 trillion in 2024, representing a strong 34.17 percent growth. Profit after tax also surged to N5.76 trillion, marking one of the most significant performances in the company’s history and strengthening confidence in its commercial direction.
This growth continues a steady upward trend that began after years of restructuring. From a loss position in 2018, NNPC gradually improved its financial standing, moving from a deficit in 2019 to a historic profit of N287 billion in 2020. Since then, the company has consistently expanded profitability, reaching N674.1 billion in 2021, N2.548 trillion in 2022, and N3.297 trillion in 2023, before hitting a record N5.4 trillion profit in 2024.
In 2025, the company’s performance was supported by strong revenue from crude oil sales, refined petroleum products, gas supply, electricity trading, and related energy services. Despite rising operational costs, gross profit stood at N11.713 trillion in 2024, while operating profit rose sharply to over N10 trillion. Analysts say this reflects improved efficiency, tighter financial discipline, and stronger execution of contracts across its business segments.
Under Group Chief Executive Officer Bashir Bayo Ojulari, NNPC also made operational gains beyond financial results. Monthly performance showed revenue stability above N4 trillion, with production and gas output remaining relatively resilient despite fluctuations. Key infrastructure projects such as the Ajaokuta-Kaduna-Kano (AKK) pipeline and OB3 gas pipeline also advanced significantly, signaling a long-term shift toward gas commercialization and industrial expansion.
Beyond profits, the company’s impact on Nigeria’s economy remains substantial, remitting N14.706 trillion to the Federation Account in 2025. NNPC also expanded social investment initiatives through its foundation, supporting youth empowerment and small business development. As Nigeria continues to rely heavily on oil revenue, stakeholders say the company’s performance reflects a more commercially driven and disciplined national oil firm, though sustaining this growth into 2026 will be the real test of its transformation strategy.
source: newtelegraph