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Nigeria

Scrutiny Mounts Over Nigeria's $8 Billion Oil Security Spend

Controversy has emerged over an eight billion dollar oil security bill in Nigeria, even as state energy firm NNPC recorded higher annual post-tax profits.

The Nigerian National Petroleum Company (NNPC) has posted a 33 per cent rise in post-tax profit to $5.4 billion for full year 2025. The uplift was achieved alongside the country reaching its highest crude oil output in five years, although total revenues fell by 24 per cent year on year.

At the same time, reported security expenditure of roughly $8 billion to protect oil assets has sparked widespread controversy. The substantial cost of securing production infrastructure has drawn scrutiny across the sector, particularly against the backdrop of contracting headline revenues.

For vessel operators, offshore contractors and procurement teams, these security commitments underscore the continued operational complexities of working in the region. Supply chain planners and marine logistics providers must remain mindful of the heightened commercial and operational scrutiny surrounding asset protection and technical service delivery.

  • Nigeria
  • NNPC
  • Offshore Security
  • Upstream

Reported from public coverage.

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