In a big win for Nigeria’s economy, the Nigerian National Petroleum Company Limited (NNPC Ltd.) has revealed that it remitted a whopping ₦6.96 trillion to the Federation Account between January and May 2025!
This was disclosed in NNPC’s Monthly Report for June, where it also posted a ₦905 billion Profit After Tax, despite a dip from ₦1.054 trillion in May. The report highlighted improved crude oil output at 1.68 million barrels per day, the highest since January, and a natural gas boost to 7.581 billion scf/d.
NNPC also recorded strong infrastructure progress: the AKK pipeline is now 83% complete, and the OB3 gas project remains at 96%, with a major milestone crossed at the River Niger segment. Meanwhile, petrol availability at NNPC stations jumped to 71% in June, up from 62% in May.
On the CSR front, the company empowered over 67,000 NYSC members through its Financial Literacy Programme, pushing the total trained to over 870,000 youths nationwide.
Despite global oil market fluctuations, NNPC remains the backbone of Nigeria’s economic reforms, reinforcing its role in boosting revenue and energy security.
