The Nigerian National Petroleum Company (NNPC) Limited has posted a profit after tax of N1.05 trillion for the month of May 2025.
According to its latest publication, ‘NNPC Limited Monthly Report Summary — May 2025’, the figure marks a significant increase of 40.37% from the N748 billion reported in April.
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The state-run oil company revealed that total revenue for May stood at N6 trillion — reflecting a modest 1.87% growth compared to N5.89 trillion in the previous month.
Statutory remittances for the month were pegged at N5.58 trillion.
“All financial figures are provisional and unaudited,” the oil firm stated in the report.
The NNPC also disclosed that average daily production of crude oil and condensates hit 1.62 million barrels, while natural gas output reached 7.35 million standard cubic feet per day.
It clarified that the data presented pertains solely to its operations and does not include output from independent producers tracked by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
In terms of product distribution, the availability of petrol at NNPC Retail Limited stations was reported at 62% during the month. Additionally, upstream pipeline reliability stood at 98%.
The company also provided updates on major infrastructure projects, revealing that technical work continued on the Ajaokuta-Kaduna-Kano (AKK) gas pipeline, particularly around resolving engineering challenges related to crossing the River Niger.
Efforts are also underway to determine a viable course of action for the River Niger crossing section of the OB3 gas pipeline project.
“Ongoing collaboration with venture partners to accelerate sustainable production enhancement,” the national oil firm said.
The NNPC further confirmed it completed turnaround maintenance operations on key assets in May. These include the Trans Escravos Pipeline (TEP), OML 40 — Opuama flow station, and OML 17 — Obigbo and Agbada flow stations.
The monthly report also noted that the refineries in Port Harcourt (Rivers State) Warri (Delta State) and Kaduna (Kaduna State) were undergoing operational and strategic reviews during the reporting period.
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