The Nigerian National Petroleum Company Limited (NNPC Ltd.) has disclosed that it remitted a total of N6.96 trillion to the Federation Account between January and May 2025, reinforcing its role as a major driver of national revenue amid ongoing economic reforms.
This was revealed in the company’s Monthly Financial and Operations Report for June, released on Monday. Despite a dip in monthly profit, NNPC Ltd. posted a Profit After Tax (PAT) of N905 billion for June 2025 — down from N1.054 trillion in May.
Revenue also dropped from N6.008 trillion in May to N4.571 trillion in June, reflecting volatility in global oil markets. Nonetheless, the company showed operational resilience, reporting a significant rebound in upstream activities.
Crude oil and condensate production climbed from 1.629 million barrels per day (bpd) in May to 1.68 million bpd in June — the highest since the start of the year. Natural gas production also saw a boost, rising to 7.581 billion standard cubic feet per day (scf/d) from 7.352 billion scf/d in the previous month.
In terms of fuel distribution, petrol availability at NNPC retail stations improved to 71% in June, up from 62% in May.
The report highlighted progress in key infrastructure projects:
The Ajaokuta–Kaduna–Kano (AKK) gas pipeline reached 83% completion, up from 81%, with the River Niger crossing successfully completed — a critical milestone.
The OB3 pipeline maintained 96% completion, with technical reviews ongoing to fast-track delivery using lessons from the AKK project.
Upstream pipeline availability dipped slightly from 98% in May to 97% in June.
Refinery rehabilitation in Port Harcourt, Warri, and Kaduna is also ongoing, according to the report.
On the Corporate Social Responsibility front, NNPC Ltd. trained over 67,000 NYSC members in financial literacy during June alone, bringing the total number of beneficiaries to 870,383 nationwide.
The report notes that all financial and operational data remain provisional pending reconciliation with relevant stakeholders.
This latest update underscores NNPC Ltd.’s continued strategic importance in stabilising Nigeria’s fiscal framework, despite market headwinds and structural reforms in the energy sector.
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