From Victor Osula, Abuja
The Nigerian National Petroleum Company (NNPC) Limited announced a revenue of N5.89 trillion and a Profit After Tax (PAT) of N748 billion for April 2025.
The company, in a Monthly Report Summary posted on its website, also declared a statutory transfers of N4.225 trillion in the first three months of the year—January to March 2025.
According to the document, NNPC’s crude oil and condensate production averaged 1.61 million barrels per day in April, while production figures for January, February, and March were 1.67mbpd, 1.62mbpd, and 1.56mbpd, respectively.
The report also added that natural gas production for April was 7.47 million standard cubic feet per day, while figures for the first three months of the year were January (7,120mmscf/d), February (6,615mmscf/d), and March (6,928mmscf/d), as it pointed out that “All financial figures are provisional and unaudited”.
While clarifying that the figures reflect only its operations and exclude data from independent operators reported by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the NNPC said petrol availability at its retail stations was 54 percent during the month, with upstream pipeline availability at 97 percent.
NNPC said it was working with venture partners to enhance sustainable production and has completed the implementation of relevant presidential directives and Executive Orders for its upstream operations. Technical interventions on the Ajaokuta-Kaduna-Kano (AKK) pipeline and the Obiafu-Obrikom-Oben (OB3) gas pipeline were also noted, with the OB3 project being 95 percent completed and the AKK pipeline 70 percent completed.
The report also revealed several key final investment decisions (FIDs) scheduled for the fourth quarter of 2025, which include the “Ntokon Development Project (OML 102), the Crude Oil Production Expansion Project (OML 29), gas development projects in OML 30 and OML 42, and the financial close of the Brass Fertiliser project.”
The company emphasises that all financial figures are provisional and unaudited, covering operational and financial data for April unless otherwise specified.
