NNPC rakes in N905b profit, remits N6.96trn to FG in 6 months

The Nigerian National Petroleum Company (NNPC) Limited has announced that it made a profit after tax (PAT) of ₦905 billion for the month of June 2025.

This impressive figure comes alongside a total statutory remittance of ₦6.96 trillion between January and June.

The disclosures were contained in the NNPC’s recently released report titled ‘NNPC Limited Monthly Report Summary — June 2025’.

The NNPC said the figure dropped by 13.81 percent from N1.05 trillion in May.

The company said it recorded a revenue of N4.57 trillion in the same period — down by 23.83 percent from N6 trillion in May.

According to the NNPC, crude oil and condensate production averaged 1.68 million barrels per day (bpd) in June, while natural gas production was 7.58 million standard cubic feet daily.

“All production, sales and financial figures are provisional and subject to reconciliation with relevant stakeholders,” the national oil company said.

The organisation also said petrol availability at NNPC Retail Limited stations was 71 percent during the month, adding that upstream pipeline reliability was 97 percent.

The NNPC said ongoing industry-wide collaborations are increasingly improving “synergies to achieve production improvement and cost optimisation”.

“AKK: Successfully completed the AKK River Niger Crossing which significantly derisked the completion of the mainline. Additional intervention being put in place to ensure earliest completion,” the company said.

“Commenced technical review of OB3 River Niger crossing to replicate learnings from AKK River Niger crossing success.”

The NNPC said the review of the Port Harcourt, Kaduna, and Warri refineries is progressing.

On July 11, Bayo Ojulari, the company’s group chief executive officer (GCEO), said it is becoming a “bit more complicated” to revamp the state-owned refineries.