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Tag: NNPCL

  • NNPCL’s profit after tax soars to N502b  in November

    NNPCL’s profit after tax soars to N502b  in November

    …rakes in N4.358tr revenue in November 

    …as profit after tax hits N502b

    …vows to complete AKK pipeline in 2026

    The Nigerian National Petroleum Company Limited (NNPCL) on Wednesday said its Profit After Tax soared to N502billion in November 2025 from the N447billion recorded in October 2025.

    This was contained in its November 2025 report, which also noted that in the period under review, the state-owned oil company raked in N4.358 trillion. It was a decline from the N5.08 trillion it earned in the previous month.

    From January to October, according to the report, NNPCL made N12.117trillion statutory payment.

    In the month under review, NNPCL crude oil and condensate output was N1.60million barrels per day while natural gas production was 6.968 million standard cubic feet/day.

    The report however explained that the 

    November production performance was largely due to planned maintenance activities across key assets (Esso-Erha,

    Stardeep-Agbami, and Renaissance-Estuary Area) nearing completion, with production recovery expected at the end

    of December 2025 and continued delays with West African Exploration and Production Company Limited (WAEP) first oil.

    While Ajaokuta Kaduna Kano Pipeline (AKK) was 90 per cent completed, the 127 kilometers Obiafu-Obrikom-Oben (OB3) Gas Pipeline project (OB3) recorded 96 per cent completion in the period under review.

    NNPC stressed, “AKK (Mainline): Significant progress recorded with completion of the mainline welding works and pressure-testing. Project is on course to be completed in 2026.

    “OB3 River Niger Crossing: All required equipment, materials and personnel mobilized to site; geotechnical data acquisition completed and early construction works ongoing in preparation for commencement of drilling.”

    According to NNPCL, as at November there was 100 per upstream availability.

    On Premium Motor Spirit (PMS) availability, the report said NNPCL Retail Limited  stations recorded 61 per cent.

    The report revealed that NNPCL has completed the the 2025 scheduled facilities turn around maintenance (TAM), and production initiatives from JV, PSC, and NNPC Exploration & Production Limited (NEPL) assets in readiness for delivering the 2026 production plan.

    In the period under review, NNPCL said it intensified collaboration with its partners through year-end and into 2026 to ensure improved production performance,

    maximise infrastructure uptime, and maintain high facility

    maintenance standards across all our assets.”

    The report said the rehabilitation of three wards at the National Orthopaedic Hospital, Igbobi Lagos, has reached

    90.1 percent completion as of November 30, 2025.

  • NNPCL seeks funding to complete AKK Gas Pipeline

    NNPCL seeks funding to complete AKK Gas Pipeline

    • Oil giants considers sale of assets

    The Nigerian National Petroleum Company (NNPC) Limited is finalising plans to sell stakes in some of its oil and gas assets. The firm has equally sent out calls for bids last week, asking interested bidders to register online by January 10.

    NNPC, Nigeria’s national oil firm, owns some assets outright and others in partnership with international oil companies (IOCs) including Shell, Chevron, Eni and TotalEnergies .

    The General Manager, Corporate Communications, NNPC, Andy Odeh, did not respond to enquiries sought by The Nation as at the time of going to press. However, Reuters report that documents cited did not disclose how much the oil firm aims to raise from the process or the size of the stakes on offer.

    Prior to now, the NNPC had outlined plans to sell at least 25 per cent of the equity it holds in select oil and gas fields, either through full divestments or stake reductions, as part of a portfolio optimisation strategy.

     According to the invitation document, which was distributed late last week, interested bidders must register online by January 10, after which pre-screening will follow and qualified firms will gain access to a secure virtual data room.

    Prequalification will be based on technical and financial capacity, followed by document evaluation, negotiations and regulatory approvals.

    But this is not the first time the firm has mulled the idea of selling its assets. Last year, NNPC indicated its readiness to dispose some of its assets to help enhance profit margins and achieve greater returns.

    READ ALSO; Imperatives of Tinubu’s second term and transformative initiatives

    A former NNPC CFO, Umar Ajiya, had said that the company aims to maximise the use of its assets and possibly sell those that cannot be optimised.

    “We are going to sweat the assets and will also sell assets we think we cannot sweat ourselves. That way, we will rebalance the balance sheet so that the assets are maxed out,” Ajiya said.

    He also mentioned that the oil company was ready to go public, subject to shareholders’ interest in investing. He highlighted that the Petroleum Industry Act suggests a financial track record of two to three years to assure investors that the national energy company is heading towards profitability.

    Despite the national oil company’s record 28 per cent profit surge to N3.2 trillion in 2023, compared with 2022, several analysts believe NNPC has yet to fully realise its asset potential.

    But the oil unions are strongly opposed to the asset sale.  The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), had  expressed rejection of the plan at a media parley.

    The unions asserted that the divestiture aims to reduce the government’s stake in certain JVs to approximately 30 per cent to 35 per cent, down from the current estimated level of 55 per cent to 60 per cent.

    “Government is wanting to reduce its stake in these assets, principally, they want to sell some huge percentages in these assets. In some places, sell up 35 per cent, in some places sell up 30 percent, so that they will have some cash to spend in other areas,” Festus Osifo, President of PENGASSAN, told reporters during the event.

    Fundamentally, the unions argue that executing this asset sale poses a direct threat to state revenue and the stability of NNPC Ltd, while also jeopardising workers’ salaries and benefits.

  • NNPCL committed to peace, development on Ogoniland

    NNPCL committed to peace, development on Ogoniland

    The Group Chief Executive Officer of Nigerian National Petroleum Company Limited (NNPC Ltd.), Engr. Bayo Ojulari has reaffirmed the Company’s commitment to peace, dialogue, and responsible energy development in Ogoniland, describing the Federal Government’s renewed engagement as a demonstration of hope and a new beginning built on partnership and understanding.

    Ojulari disclosed this while speaking during a Federal Government delegation’s visit to Ogoniland, in Rivers State, on Monday.

    NNPCL’s Chief Corporate Communications Officer, Mr. Andy Odeh who made this known in a statement yesterday quoted Ojulari as saying: “This visit is a demonstration of hope. It affirms the commitment of the Federal Government, under the leadership of President Bola Ahmed Tinubu, to peace, dialogue, and rebuilding trust. For NNPC Limited, it marks a new beginning—one grounded in partnership, mutual respect, and shared responsibility.”

    While acknowledging the painful history of Ogoniland, the GCEO emphasised that recognising the past is essential to building a different future.

    He commended the Presidential Committee on Ogoni Re-entry, led by Professor Don Baridam, and the National Security Adviser, Mallam Nuhu Ribadu, for their steady leadership in building confidence and trust.

    READ ALSO: Street naming racket

    According to the Group CEO, NNPC Ltd.’s mission in Ogoniland goes beyond resource extraction, but one that places people, livelihoods, and the environment at the centre of its operations. “We believe wholeheartedly that energy development must go hand in hand with environmental protection and community wellbeing,” he said.

    Reaffirming NNPC Ltd.’s responsibility to host communities, the Group CEO offered assurances on welfare, security, and opportunity.

    “I am delighted to share that one of our commitments to the people of Ogoni is becoming a reality. The process for the full-time employment of 30 Ogoni indigenes has reached its final stage, with employment offers already issued. We look forward with pride to welcoming them as they resume work in January 2026, marking a meaningful step toward shared progress and opportunity for our communities,” he stated.

    On his part, the Governor of Rivers State, Sir Siminalayi Fubara, expressed gratitude for President Tinubu’s unwavering commitment to finding lasting solutions to a decades-long, recurring issue in Ogoniland, which is now beginning to yield positive results.

    “We had our first meeting with Mr. President, and certain commitments were made to improve the quality of life in Ogoniland. He has begun to fulfill those promises, starting with road construction. We were assured of confidence-building efforts, the establishment of a University of Environment, hospitals, an industrial park, employment opportunities, and several other initiatives. As of today, 30 young men and women of Ogoni origin have already been employed by NNPC Ltd.” he concluded.

    In his remarks, National Security Adviser of Nigeria, Nuhu Ribadu, who represented President Tinubu during the engagement, thanked the Governor of Rivers State and stakeholders from Ogoniland for their cooperation and collective efforts in addressing long-standing challenges inherited in the region.

    “We have worked as one, and we are here today because of the Ogoni people, to thank them on behalf of Nigeria. Rivers State is now one of the most peaceful states in the country, and that’s largely due to the leadership of a responsible Governor and the good people of Ogoniland,” the NSA added.

    Located in Ogoniland and operated by the NNPC Exploration and Production Limited (NEPL), a flagship upstream subsidiary of NNPC Ltd, OML-11 is Nigeria’s largest onshore block, with Ogoniland holding over 40per cent of its recoverable reserves.

  • Ojulari: NNPCL committed to peace, responsible development in Ogoniland

    Ojulari: NNPCL committed to peace, responsible development in Ogoniland

    ‎The Group Chief Executive Officer of Nigerian National Petroleum Company Limited (NNPC Ltd.), Bashir Bayo Ojulari, has reaffirmed the Company’s commitment to peace, dialogue, and responsible energy development in Ogoniland, describing the federal government’s renewed engagement as a demonstration of hope and a new beginning built on partnership and understanding.

    ‎‎Ojulari disclosed this while speaking during a federal government delegation’s visit to Ogoniland, in Rivers State, on Monday.‎

    ‎NNPCL’s Chief Corporate Communications Officer, Mr. Andy Odeh, who made this known in a press statement on Tuesday, quoted Ojulari as saying, “This visit is a demonstration of hope. 

    It affirmed the commitment of the Federal Government, under the leadership of President Bola Ahmed Tinubu, to peace, dialogue, and rebuilding trust. For NNPC Limited, it marks a new beginning—one grounded in partnership, mutual respect, and shared responsibility.”

    While acknowledging the painful history of Ogoniland, the GCEO emphasized that recognising the past is essential to building a different future.

    He commended the Presidential Committee on Ogoni Re-entry, led by Professor Don Baridam, and the National Security Adviser, Mallam Nuhu Ribadu, for their steady leadership in building confidence and trust.

    According to the Group CEO, NNPC Ltd’s mission in Ogoniland goes beyond resource extraction, but is one that places people, livelihoods, and the environment at the centre of its operations. “We believe wholeheartedly that energy development must go hand in hand with environmental protection and community wellbeing,” he said.

    Reaffirming NNPC Ltd.’s responsibility to host communities, the Group CEO offered assurances on welfare, security, and opportunity.

    “I am delighted to share that one of our commitments to the people of Ogoni is becoming a reality. The process for the full-time employment of 30 Ogoni indigenes has reached its final stage, with employment offers already issued. We look forward with pride to welcoming them as they resume work in January 2026, marking a meaningful step toward shared progress and opportunity for our communities,” he stated.

    On his part, the Governor of Rivers State, Sir Siminalayi Fubara, expressed gratitude for President Tinubu’s unwavering commitment to finding lasting solutions to a decades-long, recurring issue in Ogoniland, which is now beginning to yield positive results.

    “We had our first meeting with Mr. President, and certain commitments were made to improve the quality of life in Ogoniland. He has begun to fulfill those promises, starting with road construction. We were assured of confidence-building efforts, the establishment of a University of Environment, hospitals, an industrial park, employment opportunities, and several other initiatives. As of today, 30 young men and women of Ogoni origin have already been employed by NNPC Ltd.” he concluded.

    In his remarks, National Security Adviser of Nigeria, Nuhu Ribadu, who represented President Tinubu during the engagement, thanked the Governor of Rivers State and stakeholders from Ogoniland for their cooperation and collective efforts in addressing long-standing challenges inherited in the region.

    “We have worked as one, and we are here today because of the Ogoni people, to thank them on behalf of Nigeria. Rivers State is now one of the most peaceful states in the country, and that’s largely due to the leadership of a responsible Governor and the good people of Ogoniland,” the NSA added.

    Located in Ogoniland and operated by the NNPC Exploration and Production Limited (NEPL), a flagship upstream subsidiary of NNPC Ltd, OML-11 is Nigeria’s largest onshore block, with Ogoniland holding over 40% of its recoverable reserves. 

  • Energy group to Reps: repeated probes of NNPCL may send wrong signal to global financiers

    Energy group to Reps: repeated probes of NNPCL may send wrong signal to global financiers

    The Forum for Energy Accountability, a citizens’ advocacy group, has criticised what it called the “incessant and overlapping” investigations of the Nigerian National Petroleum Company (NNPC) Limited by the House of Representatives, warning that the trend could undermine investor confidence in Africa’s largest oil and gas market.

    In a statement issued on Friday, the group’s president, Comrade Ebikeme Jonathan-Ogula, said the surge of probes initiated by various House committees in recent months has created what he described as an “atmosphere of regulatory siege” around the national oil company.

    Jonathan-Ogula noted that while legislative oversight is a constitutional mandate, the scale and frequency of the inquiries now seem “counterproductive and disruptive to ongoing sector reforms”.

    “NNPCL, like any public-interest commercial entity, must be accountable. But accountability loses meaning when it becomes indistinguishable from pressure. What we have seen in recent weeks is a wave of overlapping summons that does not enhance transparency, does not support reform, and certainly does not inspire investor confidence at a very delicate moment for Nigeria’s hydrocarbons sector,” he said.

    The group pointed out that the petroleum industry is still adjusting to changes triggered by the Petroleum Industry Act (PIA), global energy transitions, and broader economic reforms targeted at stabilising foreign exchange and boosting investment inflows. In this context, it said, uncertainty around regulatory actions “sends the wrong signal” to international partners exploring long-term commitments in upstream, midstream, and gas development.

    Jonathan-Ogula added that foreign investors already face considerable risks, including security challenges in producing regions, fiscal unpredictability, and infrastructure deficits.

    Read Also: NNPCL imports boost national petrol stock to 71.5ml/d in November

    “Introducing legislative unpredictability, where NNPCL executives are repeatedly summoned for hearings that yield no new findings, only deepens the perception of instability,” he warned.

    He also referenced recent reports of multiple committees launching parallel investigations into crude sales, joint venture operations, frontier basins, external financing, and internal governance processes. The group argued that such overlap leads to unnecessary duplication and fuels public speculation, even when many of the issues concern ongoing audits or statutory disclosures that follow established procedures.

    “This scattershot approach to oversight does not strengthen institutions. It weakens them. It also distracts NNPCL from its core mandate of delivering value to the federation, stabilising supply chains, and fostering investment in gas expansion, domestic refining, and critical midstream infrastructure,” the statement added. 

    Jonathan-Ogula acknowledged the right of the legislature to examine public entities but urged the House leadership to streamline its processes by consolidating related inquiries under single committees and adhering to clear procedural timelines. This, he said, would preserve both transparency and operational efficiency.

    He also called for greater collaboration between the National Assembly and relevant regulatory bodies such as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to ensure that oversight does not conflict with ongoing regulatory reviews or approved work programmes.

    “The objective should be to strengthen confidence, not undermine it. Nigeria cannot afford investor hesitation at a time when capital is fleeing to jurisdictions with stability, legal clarity, and predictable oversight,” the group added.

    Jonathan-Ogula urged the House of Representatives to adopt a more “strategic, coordinated, and evidence-based” oversight model, stressing that the credibility of Nigeria’s economic reforms depends on how institutions balance scrutiny with stability.

    “We call on the leadership of the House of Representatives to intervene so that legitimate oversight does not mutate into a deterrent to investment,” he advised. 

    “Nigeria needs consistent signals, not contradictory ones, if the sector is to attract the scale of capital required for energy transition, gas development, and national revenue growth.”

  • TNP: NNPCL targets 2.06mbpd

    TNP: NNPCL targets 2.06mbpd

    The Nigeria National Petroleum Corporation Limited (NNPCL) has set its targeted crude oil production for 2026 at over two million barrels per day.

    The Head, Field Operations, Eastern Corridor Project Monitoring Office (PMO NNPCL), Akponime Omojevwhe, made this known at the monthly stakeholders meeting with host communities of the Trans Niger Pipeline (TNP) organised by Pipeline Infrastructure Nigeria Limited (PINL) in Port Harcourt, the Rivers State capital, yesterday.

    Omojevwhe noted that Trans Niger Pipeline(TNP), is currently running without interruption, reason it is on green, tracing it to cordial, smooth collaboration between Pipeline Infrastructure Nigeria Limited (PINL), and host communities, urging them to sustain the cooperation.

    He said, “I want to sincerely appreciate all our stakeholders on this corridor because right now we can see that the TNP  is green and what that means is that the products are flowing uninterrupted.

    “Secondly, I want to say that our budget for 2026 is targeted at 2.80mbpd and the budget  begins from 1.84mbpd while our targeted projection is 2.06mbpd. So we want to say that even as  we draw closer to next year 2026, as we have come together to ensure that the projection is going up, we want to crave your indulgence, please don’t relent”.

    Highlighting the importance of stakeholders and communities in securing the pipelines, the NNPCL official noted that no private security company can achieve success without their collaboration.

    READ ALSO; Aregbesola’s ally, Adeoti, set to join APC

    “The communities are vital part of this job. So anytime we find ourselves, we must always appreciate them because the community leaders such as the chiefs, CDCs, youth presidents, women leaders, if they don’t carryout our messages to the community people, there will be nothing like green as far as the pipeline is concerned. So our message is clear, we appreciate you and always assist PINL efforts just as you have been doing, “ he pleaded.

    In his remark, the Minister of State (Oil), Heineken Lokpobiri at the meeting appreciated the collaboration between the communities and PINL, stressing its impact on oil production output in the country.

    Lokpobiri who was represented a Staff of the Ministry, Julius Edi, said,

    “Sincerely the minister of petroleum resources appreciates what the communities are doing because without the peace from your domain, I believe production will not be up.

    “Today, all of us can testify to the production level and it’s so ambitious for 2026 that we are going to hit the target of 2 million plus barrels per day production. Those things which will bring more money to the government and also, more money to PINL to be able to reach out to you, “ he stated.

    In his opening speech earlier, the General Manager, Community and Stakeholders Relations, PINL Dr. Akpos Mezeh noted that the meeting the monthly stakeholders meeting serves as a time to take stock,  review the progress it has made in the fight against pipeline vandalism and crude oil theft.

    “It also serves as a time to celebrate, fellowship, and appreciate critical stakeholders, especially leaders of  host communities for their support and commitment, which he said have sustained the economic stability of the country.

    He highlighted the Firm’s achievements in the outgoing year to include deepening of  security operations to include all oil and gas infrastructures in proximity to the TNP, expanded community and stakeholders’ inclusion, human empowerment with focus on women and students and strengthened grassroots communication with introduction the Town Crier Initiative (TCI).

    He also listed sustained consistent stakeholder engagements, zero illegal bunkering and building of greater trust between PINL and host communities as other successes.

    Mezeh called for increased collaboration with the host communities even as they look ahead to 2026.

    “Let us continue to protect national assets, empower our people, and strengthen the prosperity of our region and nation. As we step into 2026, may our collaboration deepen, our unity strengthened, and our shared commitment to peace and progress remain unshakable, “ he appealed.

    The PINL official also used the medium to announce Christmas palliatives for the 215 TNP host communities.

    Meanwhile, one of the host community leader, His Majesty, King Philip Osaro Obele, called on the Federal Government to carry out more developments in the communities now that they are benefitting by way of increased revenue output from oil production.

    He also commended PINL for regularly meeting with them to update the communities on its operations.

    The meeting was attended by stakeholders, traditional Rulers of communities across the four states of Rivers, Imo, Abia and Bayelsa that play host to Trans Niger Pipelines.

  • NNPCL petrol imports boost stock to 71.5ml/d in Nov

    NNPCL petrol imports boost stock to 71.5ml/d in Nov

    •Consumption down by 3.8ml/d to 52.9ml/d

    The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) yesterday said the supply of Premium Motor Spirit (PMS) petrol increased to 71.5million litres per day (ml/d in November 2025 from the 46.0ml/d recorded in October 2025 because of the imports by the Nigerian National Petroleum Company Limited (NNPCL) to build inventory and guarantee supply for the Yuletide season.

    This was made known in the X handle document titled: “State of Downstream Sector: NMDPRA Fact sheet (November 2025).”

    The factsheet l, which described the NNPC as the supplier of the last resort added that the 12- month vessels billed to discharge in the previous month could only be offloaded in November to further swell the stock.

    Stating the reasons for high petrol stock in the period under review, NMDPRA said, “The significant increase in PMS supply in November 2025 was on the account of the following: (a) Lower supply recorded in September and October, below the national demand threshold; “(b) The need for boosting national stock level to meet the peak demand period of end-of-year festivities.

    “(c) Imports by the NNPC, the supplier of last resort, in November 2025, to build inventory and supply further guarantee supply during the peak demand period.

    “12 months vessels programmed to discharge into October but spilled into November 2025. Domestic supply volumes are based on disport/discharge figures and refinery truck out.”

    The factsheet also revealed that the average daily consumption of petrol in the country has crashed by 3.8million litres per day (ml/d) to 52.9ml/d in November 2025 from the average daily consumption of 56.7ml in October 2025.

    In the period under review, petrol stock sufficiency has hit 16.65 days from the 11.1 days recorded in October 2025.

    Read Also: Tinubu unveils new security, economic blueprint to harness Nigeria’s marine wealth

    According to the factsheet, out of the six modular refineries listed in the period under review, two were out of production.

    On Modular Refinery and Capacities,” NMDPRA said OPAC and Duport “not on production.”

    It further explained that Waltersmith average capacity utilization is 63.32 per cent while its average diesel supply is 0.133 million litres per day.

    The Authority also disclosed that Edo Refinery has an average capacity utilization of 91.40 with average diesel supply of 0.060ml/d.

    It said Aradel has an average utilization capacity of 62.30 per cent but supplied an average of 0.296 ml/d in the period under review.

    NMDPRA said in November 2025, the country’s average Liquefied Petroleum Gas (LPG) also known as cooking gas daily supply rose to 5mt/day from the 4mt/d in October 2025.

    The document also revealed the volume of gas utilized by strategic sectors, noting that gas-to-power.was 0.645Bscf/d, gas to commercial was 0.581Bscf/d and gas based industries was 0.420 Bscf/d.

    NMDPRA said LNG exported by the (Nigerian Liquefied Natural Gas (NLNG) was 101,555m3/d while NG exported via West African Gas Pipeline (WAGP) was 0.121Bscf/d.

  • NNPCL imports boost national petrol stock to 71.5ml/d in November

    NNPCL imports boost national petrol stock to 71.5ml/d in November

    …Daily petrol consumption down by 3.8ml/d to 52.9ml/d in November

    The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Wednesday said the supply of the Premium Motor Spirit (PMS) petrol increased to 71.5million litres per day (ml/d in November 2025 from the 46.0ml/d recorded in October 2025 because of the imports by the Nigerian National Petroleum Company Limited (NNPCL) to build inventory and guarantee supply for the Yuletide season.

    This was made known in the X handle document titled: “State of Downstream Sector: NMDPRA Fact sheet (November 2025).”

    The factsheet, which described the NNPC as the supplier of the last resort, added that the 12-month vessels billed to discharge in the previous month could only be offloaded in November to further swell the stock.

    Stating the reasons for high petrol stock in the period under review, NMDPRA said, “The significant increase in PMS supply in November 2025 was on account of the following: (a) Lower supply recorded in September and October, below the national demand threshold;

    “(b) The need for boosting the national stock level to meet the peak demand period of end-of-year festivities.

    “(c) Imports by the NNPC, the supplier of last resort, in November 2025, to build inventory and supply further guarantee supply during the peak demand period.

    “12 months vessels programmed to discharge into October but spilled into November 2025. Domestic supply volumes are based on disport/discharge figures and refinery truck out.”

    The factsheet also revealed that the average daily consumption of petrol in the country has crashed by 3.8million litres per day (ml/d) to 52.9ml/d in November 2025 from the average daily consumption of 56.7ml in October 2025.

    In the period under review, petrol stock sufficiency has hit 16.65 days from the 11.1 days recorded in October 2025.

    According to the factsheet, out of the six modular refineries listed in the period under review, two were out of production.

    On Modular Refinery and Capacities,” NMDPRA said OPAC and Duport “are not on production.”

    It further explained that Waltersmith’s average capacity utilization is 63.32 per cent while its average diesel supply is 0.133 million litres per day.

    The Authority also disclosed that Edo Refinery has an average capacity utilization of 91.40 with an average diesel supply of 0.060ml/d.

    It said Aradel has an average utilization capacity of 62.30 per cent, but supplied an average of 0.296 ml/d in the period under review.

    NMDPRA said in November 2025, the country’s average Liquefied Petroleum Gas (LPG), also known as cooking gas, daily supply rose to 5mt/day from 4mt/d in October 2025.

    The document also revealed the volume of gas utilized by strategic sectors, noting that gas-to-power was 0.645Bscf/d, gas to commercial was 0.581Bscf/d, and gas-based industries were 0.420 Bscf/d.

    NMDPRA said LNG exported by the Nigerian Liquefied Natural Gas (NLNG) was 101,555m3/d, while NG exported via West African Gas Pipeline (WAGP) was 0.121Bscf/d.

  • NNPCL E&P records 355,000bpd output

    NNPCL E&P records 355,000bpd output

    The NNPC E&P Limited (NEPL), the flagship upstream subsidiary of NNPC Limited, on December 1st, 2025, achieved a record production level of 355,000 barrels of oil per day, its highest daily output since 1989.

    The milestone marks a significant step forward for Nigeria’s upstream sector and reflects the company’s ongoing transformation, anchored on efficiency and discipline.

    The figures show genuine transformation: average daily production surged 52%, rising from 203,000 barrels per day in 2023 to 312,000 in 2025.

    NNPCL Chief Corporate Communications Officer, Andy Odeh, disclosed this in a press statement yesterday.

    He said the record growth is no coincidence; it stems from a clear strategy anchored on operational excellence, strong asset management, and structured field development. NEPL’s performance demonstrates that with the right leadership, strengthened systems, and a committed workforce, Nigeria’s upstream sector can overcome years of instability.

    The achievement converts national ambition into measurable momentum.

    The presidential targets of 2 million barrels per day by 2027 and 3 million by 2030 have often appeared aspirational. NEPL’s delivery brings them closer to reality.

    Speaking on the development, Engr. Bashir Bayo Ojulari, the Group CEO of NNPC Limited, pointed out that the milestone is proof that Nigeria’s energy revival is not a dream; it is already happening.

    “By showing its ability to exceed its own production benchmarks, NEPL confirms that the essential building blocks for scaling national output are being firmly established. The achievement signals that the machinery of production—equipment, processes, capabilities, and partnerships—can be driven with commercial discipline to produce real and positive outcomes,” Ojulari stated.

    He noted that the achievement reinforces confidence nationally and across the global energy landscape, assuring partners and investors that Nigeria is committed to reaffirming its role as a dependable energy supplier.

    Also speaking, Udy Ntia, the Executive Vice President, Upstream, observed that the milestone goes beyond the 355,000 bpd figure.

    “In a sector where shortcuts can yield short-term wins but long-term damage, NEPL is making a different point: sustainable progress must rest on responsible operations. This ensures that scaling production does not compromise worker safety, community wellbeing, or environmental protection. It reinforces a shift away from extraction at any cost towards sustainable value creation—a core requirement for any modern energy company seeking global relevance,” Ntia added.

    Nicolas Foucart, MD, NEPL also noted that NEPL’s record-setting performance mirrors the broader transformation unfolding across NNPC Limited.

    “This is a story shaped by leadership that charts a clear course; by partnerships built on alignment and accountability; and by a workforce whose hard work is turning goals into measurable progress. Our people, our processes, and principles are the real engines behind this success. We are building for tomorrow, not just celebrating today,” Foucart stated.

    He added: “For Nigerians, this accomplishment means far more than increased barrels; it translates into greater national revenue, stronger energy security, and a more resilient economic foundation. NEPL has not only produced more hydrocarbons; it has reignited belief in what Nigeria’s energy sector can achieve with the right systems, culture, and dedication.”

    NNPC E&P Limited is a wholly-owned subsidiary of the Nigerian National Petroleum Company (NNPC) Limited involved in the exploration and production of oil and gas resources.

  • Reps committee frowns at NNPCL’s failure to honour invitation, gives Dec 15 deadline

    Reps committee frowns at NNPCL’s failure to honour invitation, gives Dec 15 deadline

    The House of Representatives Committee on Public Accounts has frowned at the failure of the Management of the Nigerian National Petroleum Company Limited (NNPCL) to respond to the 2021 audit query issued by the office of the Auditor General for the Federation.

    The Committee directed the Group Chief Executive Officer, Bayo Ojulari, to submit all outstanding documents and appear before it on Monday, 15th December 2025, over audit queries raised on expenditures between January and December 2021.

    Chairman of the Committee, Bamidele Salam (PDP, Osun), who gave the directive at the committee’s sitting on Monday, expressed displeasure over NNPCL’s persistent failure to honour the committee’s invitations or provide the requested documents despite multiple reminders.

    He warned that the committee would no longer tolerate such disregard for legislative oversight.

    At the resumed hearing, the chairman read a letter from NNPCL explaining the GCEO’s absence, citing another critical official engagement at the Presidential Villa.

    However, members of the Committee faulted the company’s conduct, describing it as disrespectful to the parliament and obstructive to the audit review process.

    Following an appeal by the NNPCL National Assembly Liaison Officer, Hon. Umar Faruk, the committee resolved to grant a final grace, fixing 15th December 2025 for the company to appear and submit all requested documents.

    In his ruling, Salam said, “We have agreed as a committee to give you till next Monday, the 15th of December, for a fresh appearance. Remember, the committee is very busy; we are dealing with so many issues. If you have been here in the last couple of weeks, you would understand the volume of matters before us.”

    The NNPCL is expected to respond to several queries raised by the Auditor-General, including alleged payments to contractors for abandoned projects, failure to deduct statutory taxes, and irregular payments made by the Chief Finance Officer without the approval of the Group Managing Director.