The Nigerian National Petroleum Company Limited (NNPCL) has announced a post-tax profit of ₦1.054 trillion for May 2025—a 40.37% surge from the ₦748 billion recorded in April.
This was disclosed in the company’s May 2025 Monthly Report Summary, released on Tuesday. The national oil company also posted revenue of ₦6.008 trillion for the month and stated that it had remitted a cumulative ₦5.583 trillion to the federal government from January to May 2025.
NNPCL clarified that the reported figures are provisional and unaudited, reflecting only the company’s direct operations. Data from independent oil and gas firms are excluded and are separately reported by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
The report also showed that average daily production of crude oil and condensates stood at 1.629 million barrels, while gas production averaged 7.35 million standard cubic feet per day in May.
In operational highlights, the company conducted turnaround maintenance (TAM) in May on key infrastructure, including the Trans Escravos Pipeline (TEP), OML 40’s Opuama flow station, and the Obigbo and Agbada flow stations under OML 17.
Regarding refinery activities, NNPCL reported ongoing technical assessments at the Port Harcourt, Warri, and Kaduna refineries. Progress was also noted on the Ajaokuta–Kaduna–Kano (AKK) gas pipeline project, with particular focus on resolving engineering issues at the River Niger crossing.
Additionally, evaluations are ongoing for the OB3 River Niger crossing to determine the most effective strategy for execution.
The report highlights NNPCL’s continued efforts to enhance domestic energy infrastructure and sustain profitability in the face of dynamic local and global market conditions.
