NNPCL Posts ₦1.054 Trillion Profit for May 2025

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• Nigerian National Petroleum Company Limited reports ₦1.054 trillion profit in May, a 40.4% rise from April’s ₦748 billion.
• Revenue hit ₦6.008 trillion with ₦5.583 trillion remitted to the federal government between January and May.
• Company highlights key operational milestones and progress on refinery and pipeline projects.

The Nigerian National Petroleum Company Limited (NNPCL) has announced a profit after tax of ₦1.054 trillion for May 2025, marking a significant 40.4 percent increase from the ₦748 billion recorded in April.

The figures, contained in NNPCL’s Monthly Report Summary released on Tuesday, also revealed that the company posted a revenue of ₦6.008 trillion for the month. It further stated that ₦5.583 trillion has been remitted to the federal government between January and May 2025.

The company clarified that the results are provisional and unaudited, covering only NNPCL’s direct operations. Data from independent oil and gas operators are handled separately by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

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Average daily crude oil and condensate production for May stood at 1.629 million barrels per day, while average daily gas production was 7.35 million standard cubic feet.

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NNPCL also reported progress on critical infrastructure projects, including turnaround maintenance on the Trans Escravos Pipeline (TEP) and flow stations in Oil Mining Leases (OMLs) 40 and 17. Updates on refinery rehabilitation and the Ajaokuta–Kaduna–Kano (AKK) gas pipeline project were also noted.

The company said these strides reflect its commitment to strengthening Nigeria’s energy infrastructure while navigating global oil market fluctuations and domestic economic challenges.