Nigeria does not see full oil revenue due to NNPC leakages

NNPC Limited reported N34.52tn revenue and N27.76tn operating costs in 2025, spending 80.4 percent before declaring profit. Several revenue streams such as crude for pipeline security, condensates, equity LNG, gas pipeline dividends and trading margins are not fully reported to the Federation Account.

Pidgin: NNPC Limited report say dem get N34.52tn revenue and N27.76tn operating costs for 2025, dem spend 80.4 percent before dem even declare any profit. Plenty revenue wey dem suppose get like crude wey dem take do pipeline security, condensates, equity LNG, gas pipeline dividends and trading margins, dem no dey fully report am to Federation Account.

How this affects you: No direct impact stated in source.