Monthly Report: NNPCL Records N748Bn Profit In April

The Nigerian National Petroleum Company Limited has begun publishing monthly reports, starting with April 2025.

In the report, the NNPC said its revenue was N5.89tn in April while the Profit After Tax was put at N748bn.

From January to March, the NNPC disclosed that its statutory payments were N4.22tn.

In the month under review, the NNPC declared 1.6 million barrels of oil production per day, including crude and condensate. Natural gas production was 7.47 billion standard cubic feet per day.

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In its “strategic efforts”, the energy firm said it collaborated with venture partners to accelerate sustainable production enhancement.

It also stated that it completed the implementation of relevant presidential directives and executive orders for its upstream operations.

The company also announced technical interventions on the ongoing AKK and OB3 pipelines to resolve challenges related to the River Niger crossings.

It added that it completed turnaround maintenance in OML 18, OML 58, OML 118 and OML 133.

On the status of its refineries in Port Harcourt, Warri, and Kaduna, NNPC said the facilities “are currently under review.”

Upcoming Final Investment Decisions in 2025 include “Ntokon Development (OML 102) – Q4; Crude Oil Prod. Expansion Project (OML 29) – Q4; Gas Development Projects (OML30, 42) – Q4; and Brass Fertilizer (Financial Close) – Q4.”

The monthly report is coming amid promises of transparency by the new NNPC board.

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