Nigerian National Petroleum Company Limited

NNPCL Profit Soars To 91% Despite Falling Oil Output In Nigeria

September 29, 2025 3:16 am

NNPCL has posted ₦539bn profit as gas and crude production drop, buoying government revenues amid fiscal strain, in the Africa’s most populated country.

Nigeria’s state-owned oil company has reported a sharp jump in profits for August despite lower oil and gas production, offering a rare boost to the country’s strained public finances.

The Nigerian National Petroleum Company Limited (NNPCL) announced that it earned ₦539 billion in profit for August 2025, a 91 percent rise from July’s ₦185 billion. Monthly revenue also climbed to ₦4.655 trillion, up from ₦4.406 trillion a month earlier.

Between January and July, the company remitted ₦8.86 …

NNPCL Appoints Andy Odeh, Adewunmi To Top Comms Roles

September 3, 2025 7:55 am

The Nigerian National Petroleum Company Limited (NNPCL) has announced new leadership appointments in its communications and relations divisions, naming Andy Odeh as Chief Corporate Communications Officer and Morenike Adewunmi as Chief Relations Officer.

Odeh’s appointment follows the resignation of Femi Soneye as the company’s spokesperson two months ago. In a statement on Tuesday, NNPCL described Odeh as a seasoned professional with more than 30 years of experience in communications and business administration across the oil and gas, advertising, and broadcasting industries.

Before joining NNPCL, Odeh had a 26-year career at Nigeria LNG (NLNG), where he served in several leadership capacities. …

How Nigeria Loses $700 Million Monthly To Oil Theft – NNPCL

September 12, 2022 7:05 am

The Nigerian National Petroleum Company Limited (NNPCL) has asserted that it lost 470,000 bpd amounting to $700 million monthly due to oil theft couple with security challenges that hindered oil production in some terminals.

This is even as it has disclosed that it has assembled an array of security measures, all coordinated by the digital control system to curb the ugly trend.

The Group General Manager, National Petroleum Investment Management Services (NAPMS), Bala Wunti, made the disclosure during a tour of the facilities of the NNPCL at the weekend, explaining that the pipelines particularly those around Bonny terminal cannot be …