The Nigerian Nationwide Petroleum Firm Restricted (NNPCL) has declared a revenue of N1.054 trillion for the month of Might 2025 which signifies a 40% improve from the N748 billion it recorded in April.
The oil firm disclosed the determine in its Month-to-month Report Abstract for Might, launched on Tuesday. It additionally reported that it made N6.008 trillion in income for a similar interval.
Between January and Might 2025, the NNPCL stated it remitted N5.583 trillion to the federal authorities.
It defined that the figures are provisional and unaudited, and solely mirror the corporate’s direct operations. Knowledge from impartial oil and gasoline operators are compiled individually by the Nigerian Upstream Petroleum Regulatory Fee (NUPRC).
The report additionally confirmed that crude oil and condensate manufacturing in Might averaged 1.629 million barrels per day, whereas common each day gasoline manufacturing stood at 7.35 million customary cubic ft.
On infrastructure, the NNPCL stated it carried out turnaround upkeep on key belongings just like the Trans Escravos Pipeline, OML 40’s Opuama move station, and OML 17’s Obigbo and Agbada stations.
For the refineries in Port Harcourt, Warri, and Kaduna, the report stated opinions are nonetheless ongoing. The corporate additionally famous progress on the Ajaokuta–Kaduna–Kano (AKK) gasoline pipeline, notably efforts to repair engineering points on the River Niger crossing.
It added that technical assessments are ongoing on the OB3 River Niger part to find out the simplest execution plan.
NNPCL stated its focus stays on increasing home vitality infrastructure whereas staying worthwhile amid world oil market volatility.
