The Nigerian National Petroleum Company Limited (NNPCL) has reported a profit after tax (PAT) of ₦905 billion for the month of June 2025, reflecting a slight decline from the ₦1.054 trillion posted in May.
Despite the drop, the state-owned oil giant demonstrated strong fiscal performance, announcing that it had remitted ₦6.96 trillion to the Federation Account between January and May 2025. This marks an increase from the ₦5.583 trillion recorded in the preceding four months.
The figures, released through NNPCL’s June 2025 Monthly Report Summary, also highlighted several operational and infrastructural achievements.
Key Highlights:
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Crude oil and condensate output climbed to 1.68 million barrels per day, its highest level since the start of the year.
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Natural gas production saw a rise to 7.581 billion standard cubic feet per day, indicating continued recovery in upstream activities.
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Petrol availability at NNPC retail outlets improved to 71%, up from 62% in May, boosting fuel supply nationwide.
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Monthly revenue stood at ₦4.571 trillion, down from ₦6.008 trillion in May, reflecting global oil market volatility.
In terms of infrastructure, NNPCL reported notable progress on strategic gas projects:
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The Ajaokuta–Kaduna–Kano (AKK) gas pipeline advanced to 83% completion.
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The OB3 pipeline maintained its 96% completion status.
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A successful crossing of the River Niger on the AKK pipeline reduced risk for final project delivery, while a technical review for the OB3 River Niger segment is currently underway.
Pipeline infrastructure availability dipped marginally to 97% in June from 98% in May, although this had minimal impact on production volumes.
On the social responsibility front, NNPCL conducted a nationwide Financial Literacy Programme in June, reaching over 67,000 NYSC corps members, raising the total number trained to 870,383.
NNPCL reaffirmed its commitment to national economic stability, stating that its contributions remain pivotal in supporting the federal government’s economic reform and revenue generation agenda.
