NNPCL declares N1.05trn revenue for Could, remits N5.5trn to FG in 5 months

The Nigerian Nationwide Petroleum Firm Restricted (NNPCL) has declared a revenue of N1.054 trillion for the month of Could 2025 which signifies a 40% enhance from the N748 billion it recorded in April.

The oil firm disclosed the determine in its Month-to-month Report Abstract for Could, launched on Tuesday. It additionally reported that it made N6.008 trillion in income for a similar interval.

Between January and Could 2025, the NNPCL mentioned it remitted N5.583 trillion to the federal authorities.

It defined that the figures are provisional and unaudited, and solely replicate the corporate’s direct operations. Information from impartial oil and fuel operators are compiled individually by the Nigerian Upstream Petroleum Regulatory Fee (NUPRC).

The report additionally confirmed that crude oil and condensate manufacturing in Could averaged 1.629 million barrels per day, whereas common every day fuel manufacturing stood at 7.35 million customary cubic ft.

On infrastructure, the NNPCL mentioned it carried out turnaround upkeep on key property just like the Trans Escravos Pipeline, OML 40’s Opuama move station, and OML 17’s Obigbo and Agbada stations.

For the refineries in Port Harcourt, Warri, and Kaduna, the report mentioned opinions are nonetheless ongoing. The corporate additionally famous progress on the Ajaokuta–Kaduna–Kano (AKK) fuel pipeline, significantly efforts to repair engineering points on the River Niger crossing.

It added that technical assessments are ongoing on the OB3 River Niger part to find out the simplest execution plan.

NNPCL mentioned its focus stays on increasing home vitality infrastructure whereas staying worthwhile amid international oil market volatility.