NNPC reveals new profit and multi-billion-naira earnings in May

• The Nigerian National Petroleum Company Limited (NNPC) has released its May fiscal records, scoring monolithic gross and profit
• The company’s fiscal record, which is the 2nd since Bayo Ojulari became CEO, showed a humble summation successful its net and profit
• The May study shows different notable achievements by the authorities firm, including pipeline repairs and petrol availability

Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the system for implicit a decade.

The Nigerian National Petroleum Company Limited (NNPC) has released the information connected its May 2025 operations, announcing N6 trillion gross and a N1.054 trillion post-tax nett successful the reappraisal period.

The authorities lipid institution besides revealed that successful May, the captious Ajaokuta-Kaduna-Kano (AKK) state pipeline recorded a important milestone, moving from 70% to 81% completion aft crossing the River Niger.

NNPC declares monolithic revenue, breaks ain grounds amid pump terms increases. Credit: NNPC
Source: Twitter

NNPC breaks its ain record

This is the 2nd monthly study nether the caller NNPC absorption led by Bayo Ojulari since helium was appointed successful April 2025, which shows a renewed program to unfastened the organisation up to nationalist scrutiny.

The April information shows that the NNPC made a gross of N5.89 trillion, nett aft taxation of N748 cardinal and statutory payments to the Nigerian authorities for the archetypal 4th of 2025 of astir N4.225 trillion.

On Monday, June 30, 2025, the authorities lipid steadfast disclosed that petrol availability astatine its retail outlets nationwide roseate from 54% successful April to 62% successful May, portion upstream pipeline availability was astatine 98%, up from 97%.

Similarly, successful May, NNPC’s statutory payments to the Nigerian authorities successful the archetypal 4 months of this twelvemonth roseate to N5.58 trillion.

NNPC increases crude lipid production

Regarding hydrocarbons, crude lipid and condensate output for May stood astatine 1.62 cardinal barrels daily, portion earthy state accumulation was astir 7,352 mmscf per day, and the OB3 pipeline present has a 96% completion rate.

ThisDay reports that the NNPC said determination is an ongoing collaboration with task partners to ramp up accumulation enhancement, arsenic Nigeria has a accumulation people of 2.06 cardinal barrels per time successful its 2025 budget.

The institution added that it progressed method interventions connected the AKK task to resoluteness challenges of River Niger crossing (RNC) and conducting elaborate survey connected OB3 RNC to cognize the champion task execution way forward.

The NNPC besides disclosed that it completed successful May the Turn Around Maintenance astatine the Trans Escravos Pipeline (TEP), OML 40-Opuama travel station, Obidgbo and Ahoada travel stations.

More societal involution schemes

The nationalist lipid steadfast besides cited different societal involution schemes it carried retired during the period.

It listed the handover of 531 NYSC Corp members’ starter kits connected May 25, 2025.

It besides conducted oculus surgeries for indigent recipients crossed the confederate and bluish parts of Nigeria, portion it plans to supply Magnetic Resonance Imaging (MRI) machines to immoderate selected hospitals nationwide.

NNPC increases substance availability astatine retail outlets to 68% nationwide. Credit: Bloomberg/Contributor
Source: Getty Images

A anterior study by Legit.ng disclosed that NNPC increased petrol prices doubly successful 2 days to N915 and N925 successful Lagos and N945 successful Abuja.

The determination followed a terms accommodation by the Dangote Refinery successful June owed to the emergence successful crude lipid prices.

NNPC Releases New PMS Price List Nationwide

Legit.ng earlier reported that lipid marketers person raised the depot prices of PMS pursuing rising request and crude lipid terms spikes caused by the Middle East tension.

As of Monday, June 23, 2025, Brent crude sold astatine $77.88 per tube and WTI astatine $74.67, with depot owners nationwide already adjusting prices upwards.

However, caller information shows that crude lipid prices slumped connected Tuesday, June 24, 2025, arsenic the US announced a ceasefire betwixt Iran and Israel.

PAY ATTENTION: Сheck retired quality that is picked exactly for YOU ➡️ find the “Recommended for you” artifact connected the location leafage and enjoy!

Source: Legit.ng