In a major boost for Nigeria’s oil and gas industry, the Nigerian National Petroleum Company Limited (NNPCL) has announced a staggering profit after tax of ₦1.054 trillion for May 2025 — a 40.4% increase from April’s ₦748 billion! According to its latest Monthly Report Summary, the company also raked in ₦6.008 trillion in revenue for the same month and remitted ₦5.583 trillion to the federal government from January to May 2025.
While these impressive figures are provisional and unaudited, they reflect only NNPCL’s direct operations — excluding independent oil and gas operators whose results are reported by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
Operational highlights showed an average daily crude oil and condensate production of 1.629 million barrels per day, and 7.35 million standard cubic feet of gas produced daily.
On infrastructure, key assets like the Trans Escravos Pipeline (TEP), Opuama flow station (OML 40), and Obigbo & Agbada stations (OML 17) underwent critical turnaround maintenance. NNPCL also reported ongoing progress in revamping the Port Harcourt, Warri, and Kaduna refineries, along with breakthroughs on the AKK gas pipeline and OB3 River Niger crossing projects.
This milestone showcases NNPCL’s commitment to strengthening Nigeria’s energy backbone while navigating global oil market shifts and domestic challenges.
