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[BUSINESS] · Nigeria · 24 sources

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Part of situation: NNPC Limited operational and infrastructure developments (6 clusters)

NNPC Limited reports ₦7.2 trillion profit and seeks refinery partners

NNPC Limited oil and gas production refinery rehabilitation dividend declaration energy security

NNPC Limited has reported a significant increase in its financial performance for the 2025 fiscal year, with profit after tax rising 33% to ₦7.2 trillion. Despite a 24% decline in revenue to ₦34.5 trillion due to lower crude prices and market deregulation, the company declared a 35% increase in dividends, totaling ₦5.8 trillion.

Operational metrics showed strength, with crude oil and condensate production reaching a five-year high of 1.77 million barrels per day. Natural gas output also hit a three-year high. To ensure future sustainability, NNPC is pursuing a technical equity partnership model for its refineries, seeking experienced operators to take equity stakes. Chinese investors have reportedly shown strong interest in two refineries, with technical assessments currently underway.

Additionally, the company committed ₦11.2 trillion toward securing oil and gas infrastructure in 2025 to combat theft and vandalism. Regarding its proposed Initial Public Offering (IPO), NNPC stated that no fixed date has been set, as the timeline depends on shareholder decisions and readiness assessments by consultants.

Entities

Abuja · Andy Odeh · Bayo Ojulari · Bayo Onanuga · Dangote Petroleum Refinery · NNPC Limited · Niger Delta Development Commission · Nigeria · Nigerian National Petroleum Company Limited

Claims

What the coverage asserts, and how many sources carry each claim.

Sources

Dangote Refinery Surpasses Nameplate Capacity, Strengthens Nigeria’s Energy Security, Export Position [cedmagazineng.com]
NDDC Boss Speaks On Gains Of Fuel Subsidy Removal [ait.live]
NNPC Delivers ₦7. 2 Trillion Profit as Production Reaches Multi-Year Highs [www.energytimesng.com]
Ogun, NNPC Partner to Revive OKLNG as $7bn Port, Marine Economy Project Takes Shape [thepodiummedia.com]
Ogun, NNPCL partner to revive OKLNG as $7b port, marine economy project takes shape [www.worldstagenews.com]
Dangote Refinery Hits 700,000bpd as Imports Fall [radarr.africa]
CORAN seeks end to petroleum product imports [www.europesays.com]
NNPC builds digital foundation for the next era of Nigeria’s energy industry [africanmediaagency.com]
NNPC Adopts Technical Equity Model For Refinery Rehabilitation – Ojulari [dmarketforces.com]
NUPRC outlines major offshore investment pipeline as Nigeria enters new upstream investment cycle [nationalaccordnewspaper.com]
NNPC adopts technical equity model for refinery rehabilitation – Ojulari [realnewsmagazine.net]
NNPC seeks equity partnerships to sustain refinery operations [bizwatchnigeria.ng]
NNPC Breaks Silence Over Fixed Date For Proposed IPO [www.thegeniusmedia.com.ng]
Regulatory Bottlenecks Threatening Private Investment In Oil, Gas — FG, NASS [newtelegraphng.com]
Ogun, NNPC partner to revive OKLNG ahead of $7bn port, marine economy project take off [www.premiumtimesng.com]
‎How NNPC Lost N10. 6 Trillion Revenue in 2025 - Economi Confidential [economicconfidential.com]
NNPC Ltd Records N7. 2trn Profit, Declares N5. 8trn Dividend - Voice of Nigeria [von.gov.ng]
NNPC To Adopt Technical Equity Model For Refinery Rehabilitation – Ojulari [www.fellowpress.com]
NNPCL declares N7. 2trn profit for 2025, dividend rises to N5. 8trn [blueprint.ng]
NNPC announces N7. 2trn profit as production reaches multi-year highs [tribuneonlineng.com]
NNPCL Profit Climbs to N7. 2tn Despite 24% Revenue Decline [zalebs.com]
FG urges private investors to fund oil refining, gas projects [punchng.com]
NNPC committed N11. 2 trn to securing oil, gas assets in 2025 [businessday.ng]
NNPC says no fixed date yet for proposed IPO [nairametrics.com]