The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced that it paid N6.96 trillion into the Federation Account between January and May 2025.
The company also said it made a profit of N905 billion after tax in June 2025, although this was lower than the N1.054 trillion it made in May.
The announcement was made in NNPC’s Monthly Report Summary for June, released on Monday.
Despite the drop in monthly profit, the company said it was still performing strongly.
“Crude oil and condensate production increased slightly, rising from 1.629 million barrels per day (bpd) in May to 1.68 million bpd in June,” the report said.
It also noted that natural gas production rose to 7.581 billion standard cubic feet per day in June, up from 7.352 billion in May.
Revenue dropped from N6.008 trillion in May to N4.571 trillion in June, showing the impact of changes in the global oil market.
Fuel supply also improved. NNPC said petrol availability at its retail stations increased from 62 percent in May to 71 percent in June.
The company also gave updates on key gas projects. The Ajaokuta–Kaduna–Kano (AKK) pipeline reached 83 percent completion, while the OB3 pipeline remained at 96 percent.
The report added, “We have successfully crossed the River Niger segment of the AKK pipeline, which is a major step in reducing project risks.”
Also Read:
- Dangote Plans to Build Nigeria’s Deepest Seaport
- Dangote Suspends Fuel Discount Scheme Over Marketer Fraud
NNPC said it is reviewing lessons from the AKK project to help complete the OB3 pipeline faster.
It also said work on the Port Harcourt, Warri, and Kaduna refineries is still ongoing.
As part of its social responsibility efforts, the company said it taught financial literacy to over 67,000 National Youth Service Corps (NYSC) members in June. This brings the total number trained so far to 870,383.
NNPC said all figures in the report are provisional and will be reviewed with relevant stakeholders.
The company added that its performance shows it remains a key source of revenue for the Nigerian government during a time of economic reforms.