The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced that it sent N6.96 trillion to the Federation Account between January and May 2025.
This information was shared in NNPC’s Monthly Report Summary for June, released on Monday.
Although the company’s profit for June dropped compared to the previous month, it still recorded N905 billion in profit after tax. This was lower than the N1.054 trillion made in May. However, the total amount remitted to the government shows a big jump from the N5.583 trillion figure reported earlier, showing NNPC’s continued support to Nigeria’s finances.
In June, the daily production of crude oil and condensate increased to 1.68 million barrels per day — the highest since January. This rise shows that oil production is improving. Natural gas output also went up to 7.581 billion standard cubic feet per day, compared to 7.352 billion in May.
NNPC made N4.571 trillion in revenue for June, which was less than the N6.008 trillion it made in May. The drop was linked to changing global oil prices. However, the company noted some positive results, such as better fuel supply. The availability of petrol at NNPC stations improved to 71% in June from 62% in May.
The company also made progress on key gas pipeline projects. The Ajaokuta–Kaduna–Kano (AKK) pipeline is now 83% complete, up from 81%, and the OB3 pipeline remains at 96%. However, there was a slight drop in upstream pipeline availability from 98% in May to 97% in June.
NNPC reached a big achievement by completing the River Niger crossing section of the AKK pipeline. This step reduces the risk of delays in finishing the project. A similar review is ongoing for the River Niger crossing of the OB3 pipeline, and the team is using lessons from the AKK project.
Work is still going on at the Port Harcourt, Warri, and Kaduna refineries as part of NNPC’s efforts to boost local refining.
As part of its social responsibility efforts, NNPC carried out a financial literacy program for over 67,000 NYSC members in June. So far, more than 870,000 corps members have been trained through this initiative.
NNPC noted that the figures in the report are provisional and may be adjusted later after discussions with relevant authorities. The company also restated its commitment to supporting Nigeria’s economy and financial reforms by continuing to generate strong revenue.
