|
Listen to article
|
The Nigerian National Petroleum Company Limited, NNPCL, has announced a N502 billion profit after tax for November 2025.
The figure represents a 12.3 percent increase.
The company disclosed this in its monthly report released on Wednesday.
The November PAT comes from a total revenue of N4,358 made in the month under review.
The PAT for November is N50 billion or 12.3 percent higher than the N447 billion recorded in October 2025, while the total revenue collected in the period is lower by N722 billion compared to the N5.08 trillion the previous month.
Other data in the report put crude oil production at 1.60 million barrels of oil per day; Premium Motor Spirit available at its retail outlets stood at 61 percent.
In other news, Former Governor of Ekiti State, Ayodele Fayose, has charged the Oyo State Governor, Seyi Makinde, to return the ₦30 billion he admitted was released by the Federal Government as intervention fund for the January 16, 2024, Bodija explosion in Ibadan, since he claimed not to have spent the money.
Fayose said it was funny that the governor did not inform the people of Oyo State of the N30 billion he now admitted to have received and the N20 billion balance, until he blew the whistle on the N50 billion intervention fund.
In a statement on Thursday, by his Spokesperson, Femi Philips, the former governor said “since Governor Makinde has now said that he kept the N30 billion he admitted to have received in a bank since 2024, Oyo State Government should return the money to the Federal Government so it can be used for the people for which the money was meant.
