The Nigerian National Petroleum Company Limited (NNPCL) recorded a profit after tax of ₦7.2 trillion in 2025, representing an increase of more than 30 per cent from the ₦5.76 trillion recorded in 2024.

NNPCL Group Chief Executive Officer, Bashir Bayo Ojulari, disclosed the figures on Tuesday while presenting the company’s 2025 Audited Financial Statements.

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According to Ojulari, the company generated ₦34.5 trillion in revenue during the year. However, this represented a decline of about ₦10.6 trillion from the ₦45.1 trillion revenue recorded in 2024.

The NNPCL chief executive also said the company remitted ₦22.3 trillion to the Federal Government through taxes, royalties and other payments during the year.

On production, Ojulari said NNPCL recorded an average crude oil output of 1.77 million barrels per day in 2025, while average gas production stood at 7.2 billion standard cubic feet per day.

Meanwhile, the Allied Peoples Movement (APM) has criticised Edo State Governor Monday Okpebholo over his comparison of petrol prices in Nigeria and the United Kingdom.

In a statement by its National Publicity Secretary, Abubakar Yusuf, the party described the comparison as “callous” and argued that differences in income levels and public transportation systems make direct comparisons between the two countries problematic.

The APM also cited petrol prices in some other oil-producing countries, including Libya and Iran, in making its argument. The party subsequently called on Nigerians to support its presidential candidate, Oyo State Governor Seyi Makinde, in the 2027 election.