The Nigerian Nationwide Petroleum Firm Restricted (NNPC) has introduced a income of ₦6 trillion and a revenue after tax of ₦1.054 trillion for the month of Could 2025, marking a big increase in efficiency beneath its new management.
This was revealed Monday night time, June 30, within the firm’s second Month-to-month Report Abstract since Bayo Ojulari was appointed Group Chief Govt Officer by President Bola Tinubu on April 2.
The NNPC additionally disclosed progress on main infrastructure initiatives, together with the important Ajaokuta-Kaduna-Kano (AKK) gasoline pipeline, which moved from 70 to 81 % completion after crossing the River Niger.
In its April abstract, the corporate had earlier posted a income of ₦5.89 trillion and a revenue after tax of ₦748 billion. It additionally remitted ₦4.225 trillion to the federal authorities for the primary quarter of the 12 months.
Based on the Could report, petrol provide to NNPC retail stations elevated to 62 %, up from 54 % in April. Upstream pipeline availability additionally improved barely from 97 to 98 %.
The corporate’s statutory funds to the federal authorities between January and April 2025 have now reached ₦5.58 trillion.
When it comes to oil manufacturing, Nigeria averaged 1.62 million barrels per day in Could, whereas pure gasoline output stood at 7,352 million commonplace cubic toes per day. The OB3 gasoline pipeline is now 96 % full.
The corporate stated it was working with companions to spice up sustainable manufacturing and remained dedicated to the two.06 million bpd oil manufacturing goal within the 2025 nationwide finances.
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On ongoing technical efforts, the NNPC stated, “The corporate progressed technical interventions on the AKK to resolve challenges of River Niger crossing (RNC) and is conducting detailed evaluations on OB3 RNC to find out the very best challenge execution path ahead.”
It additionally confirmed that turnaround upkeep had been accomplished on the Trans Escravos Pipeline (TEP), OML 40 Opuama circulation station, and OML 17 Obigbo and Agbada circulation stations.
Nevertheless, the NNPC famous that the much-anticipated revamp of Nigeria’s refineries stays beneath overview. “Port Harcourt, Warri and Kaduna refineries are nonetheless beneath overview,” the report said.
In its Could company social duty replace, the NNPC Foundation listed a number of public-impact initiatives.
These included the handover of starter packs to 531 NYSC corps members on Could 22, and the completion of 6,028 cataract surgical procedures throughout Nigeria’s north and south.
It additionally stated plans are underway to supply MRI machines to the Nationwide Orthopedic Hospital, Dala-Kano, and the Nnamdi Azikiwe University Instructing Hospital, Awka.
Moreover, 4,931 weak farmers within the south obtained coaching in fashionable agricultural strategies, local weather adaptation methods, and market entry assist.
The corporate reiterated that its month-to-month public disclosures are a part of a deliberate shift in the direction of transparency and accountability in Nigeria’s oil and gasoline sector.
