The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced a profit after tax of N905 billion for June 2025, according to its latest Monthly Financial and Operations Report. This figure reflects a drop from the N1.054 trillion profit posted in May.
Despite the dip in monthly profit, the report confirms a total statutory remittance of N6.96 trillion to the Federation Account between January and May 2025. This marks an increase from the N5.58 trillion remitted within the first four months of the year.
The report also shows a gradual rebound in upstream oil and gas operations. Crude oil and condensate production rose to 1.68 million barrels per day (bpd) in June, the highest since January up from 1.629 million bpd in May. Natural gas output also climbed to 7.581 billion standard cubic feet per day (scf/d), compared to 7.352 billion scf/d the previous month.
In terms of revenue, NNPC Ltd. earned N4.57 trillion in June, down from N6 trillion in May. This fluctuation was attributed to changing dynamics in the global oil market.
The company also reported improvement in fuel supply across the country, with petrol availability at its retail outlets rising to 71 per cent in June, compared to 62 per cent in May.
Key gas infrastructure projects recorded progress as well. The Ajaokuta–Kaduna–Kano (AKK) gas pipeline reached 83 per cent completion, up from 81 per cent the previous month. However, the OB3 pipeline remained at 96 per cent completion. Upstream pipeline availability slightly declined from 98 per cent in May to 97 per cent in June.
Significant technical milestones were also achieved, including the successful crossing of the River Niger segment of the AKK pipeline, a development seen as critical to the project’s overall completion. A similar review has commenced on the OB3 River Niger crossing to leverage lessons from the AKK project.
Meanwhile, rehabilitation efforts at the Port Harcourt, Warri, and Kaduna refineries are still ongoing.
On the corporate social responsibility front, NNPC disclosed that it trained over 67,000 members of the National Youth Service Corps (NYSC) in financial literacy during June. This brings the total number of NYSC members trained under the initiative to 870,383.
NNPC Ltd. emphasized that all financial and production data remain provisional and are subject to reconciliation with stakeholders.
The report underlines the company’s sustained importance as a key revenue-generating arm of the government amid Nigeria’s broader economic reforms and fiscal challenges.
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