NNPC reports N5.89 Trillion revenue for April 2025

The Nigerian National Petroleum Company (NNPC) recently announced a revenue of N5.89 trillion for April 2025. According to its latest report, ‘NNPC Limited Monthly Report Summary – April 2025,’ the company also achieved a profit after tax (PAT) of N748 billion. Furthermore, NNPC disclosed that it made statutory transfers totaling N4.225 trillion in the first quarter of 2025, covering January to March. These figures, published on NNPC’s official website, demonstrate the company’s strong financial performance.

Production Performance

In April, NNPC maintained an average crude oil and condensate production of 1.61 million barrels per day (mbpd). Comparatively, production in January, February, and March stood at 1.67 mbpd, 1.62 mbpd, and 1.56 mbpd, respectively. Additionally, natural gas output reached 7.47 million standard cubic feet per day (mmscf/d) in April. Earlier months recorded 7,120 mmscf/d in January, 6,615 mmscf/d in February, and 6,928 mmscf/d in March. However, NNPC clarified that these figures are provisional and unaudited, reflecting only its operations and excluding independent operators’ data.

Operational Updates and Infrastructure Projects

NNPC reported significant progress on major gas infrastructure projects. Specifically, the Ajaokuta-Kaduna-Kano (AKK) pipeline project is now 70% complete, while the Obiafu-Obrikom-Oben (OB3) gas pipeline has reached 95% completion. Meanwhile, the Port Harcourt, Warri, and Kaduna refineries remained under review in April. The company also emphasized its collaboration with venture partners to ensure sustainable production while implementing presidential directives on upstream operations.

Retail and Pipeline Availability

Downstream operations showed petrol availability at NNPC retail stations at 54% in April. Conversely, upstream pipeline availability remained high at 97% during the same period. These metrics highlight the company’s efforts to maintain operational efficiency across its supply chain.

Future Investments

Looking ahead, NNPC plans several final investment decisions (FIDs) in Q4 2025. Key projects include the Ntokon Development Project (OML 102), Crude Oil Production Expansion (OML 29), and gas development initiatives in OML 30 and OML 42. Additionally, the company aims to finalize the Brass Fertilizer project’s financial close. These initiatives underscore NNPC’s commitment to expanding Nigeria’s oil and gas sector while ensuring transparency and sustainable growth.

In conclusion, NNPC’s latest report reflects robust financial performance, operational progress, and strategic investments, reinforcing its pivotal role in Nigeria’s energy landscape. (Word count: 322)

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