The Nigerian National Petroleum Company (NNPC) Limited says it made statutory payments of N10.07 trillion between January and August.
The payment was disclosed in NNPC’s ‘Monthly Report Summary’ for September 2025, published on Tuesday.
However, the national oil firm did not state what the payment was for or which organisation or regulator received it.
A report by Agora Policy, the Abuja-based policy think-tank, indicated that the NNPC is underperforming in its obligation to remit revenue to the federation account.
Citing the Federation Account Allocation Committee (FAAC) report for September, the think-tank said the NNPC has only remitted N534 billion as the federation’s share of production sharing contract (PSC) profit oil between January and September 2025.