NNPC Records N6tn Revenue In May, Remits N5.6tn To FG

The Nigerian National Petroleum Company Ltd (NNPC) posted N6tn revenue in the month of May 2025.

The energy giant generated N1.05tn profit during the period under review.

The company said this on Monday in its monthly report which was seen by THE WHISTLER.

According to the NNPC Ltd, N5.58tn has been remitted as statutory payments between January to April, 2025.

The monthly report is part of the Bayo Ojulari-led NNPC to entrench the transparency legacy of the immediate past Group Chief Executive Officer (GCE), Mele Kyari.

The report further revealed that upstream pipeline availability was 98 per cent during the review month.

Crude oil production including condensates was 1.629 million barrels per day, representing a rise from the 1.6 million barrels per day recorded in April.

Natural gas production was 7.352 billion standard cubic feet per day (scf/d). This represents a slight drop from the 7.354 scf/d recorded in April, 2025.

It said Premium Motor Spirit (PMS) availability in NNPC Retail Limited (NRL) stations was 62 per cent.

On the Obiafu-Obrikom-Oben (OB3) gas pipeline, designed to connect the eastern and western gas networks and feed into the Ajaokuta-Kaduna-Kano (AKK) pipeline in the north, the company said it is 96 per cent completed.

It also disclosed that the Ajaokuta-Kaduna-Kano (AKK) is also 81 per cent completed.

โ€œOngoing collaboration with venture partners to accelerate sustainable production enhancement.

โ€ Progressed technical interventions on AKK to resolve challenges of River Niger crossing (RNC) and conducting detailed evaluations on OB3 RNC to determine the best project execution path forward,โ€ the NNPCL said.

It also completed Turn Around Maintenance (TAM) in May on Trans Escravos Pipeline (TEP), OML 40- Opuama flow station, OML 17 โ€“ Obigbo and Agbada Flow Stations.

On the status of the Port Harcourt Refinery, Warri Refinery and Kaduna Refinery, the NNPCL said โ€œreview in progress.โ€

On corporate social responsibility (CSR), NNPC said its charity arm, NNPC Foundation made official handover ceremony for the 531 NYSC Corps membersโ€™ starter packs on May 22, 2025.

It added, โ€œA total of 6,028 cataract surgeries have been completed across the southern and northern regions.

โ€œProvision of MRI machines to the National Orthopedic Hospital, Dala-Kano (NOHDK) and Nnamdi Azikiwe University Teaching Hospital, Awka (NAUTH) is underway.

โ€œA total of 4,931 vulnerable farmers in Nigeriaโ€™s southern region received comprehensive training on modern farming techniques, climate change adaptation, andย marketย access.โ€