NewStats: 3,265,410 , 8,186,647 topics. Date: Saturday, 14 June 2025 at 07:44 PM 4b5354

Nigerian national oil company, NNPC Limited on Thursday reported that it raked in N5.89 trillion in revenues in the month of April, 2025

The company in a document titled: ‘NNPC Limited Monthly Report Summary — April 2025,’ posted on its website also declared a profit after tax (PAT) of N748 billion for April 2025.

NNPC said it made statutory transfers of N4.225 trillion in the first three months of the year (January to March, 2025).

In of production volumes, NNPC reported that 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 stated that natural gas production for April was 7.47 million standard cubic feet daily while figures for the first three months of the year were January (7,120mmscf/d), February (6,615mmscf/d), and March (6,928mmscf/d).

The company however, pointed out that “All financial figures are provisional and unaudited”.

It also clarified that the figures reflect only its operations and exclude data from independent operators reported by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

NNPC said petrol availability at NNPC Retail Limited stations stood at 54 percent during the month, adding that upstream pipeline availability was 97 percent.

The also gave an update on major gas infrastructure updates, disclosing that the Ajaokuta-Kaduna-Kano pipeline project was at 70 percent completion stage while the Obiafu-Obrikom-Oben (OB3) gas pipeline project was 95 percent complete.

NNPC also said the Port Harcourt, Warri, and Kaduna refineries were under review during April, adding that it collaborated with venture partners in April to enhance sustainable production, and completed the implementation of presidential directives and executive orders relevant to upstream operations.

The report also highlighted “technical interventions on AKK and OB3 to resolve challenges of River Niger crossings”, disclosing that completed in several oil mining leases, including OML 18, OML 58, OML 118, and OML 133.

The company outlined several key final investment decisions (FIDs) scheduled for the fourth quarter of 2025, including 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 Fertilizer project”.

The also highlighted the impact of NNPC Foundation Public Impact Initiatives disclosing that the foundation “empowered 531 NYSC Corps with solar power starter packs, igniting a new generation of clean energy entrepreneurs under the NNPC/NYSC Business Empowerment Initiative.

“Equipped 83 ICT trainees & 170 creative industry talents with business starter kits, driving youth innovation across Nigeria’s digital and creative economies.

“Restored vision for 2,005 individuals through cataract surgeries in the South-East and South-South, delivering dignity, hope, and new beginnings.

“Rehabilitating three hospital wards with 100-bed capacity at National Orthopaedic Hospital, lgbobi, advancing access to quality healthcare and saving lives.

“Commissioned STEM books and science libraries in Abuja and Lagos schools, building future scientists, thinkers, and innovators from the ground up.

“Trained 3,860 vulnerable farmers in modern, climate-smart agriculture across the South-East and South-South, transforming rural livelihoods and food security.”

https://www.vanguardngr.com/2025/06/nnpcl-declares-n5-89trn-revenue-n748-profits-for-april-2025/

Profit of 748 billion? That’s not bad na.

Audio profits and Nigeria still borrowing. Have they fulfilled their commitment to JVs.

2mch:
Profit of 748 billion? That’s not bad na.

where is the money? how come tinubu is still borrowing?

how come nnpc cant fix its refineries?

Audio profits. Make dem bring fuel back to #500/ liters we would take u people serious..

I put it to you that more than 1 trillion naira profit have been diverted.

It is well with Nigeria. I hope this is true! God will see us through all of this

For 8 years Buhari didn't publish NNPC earnings , everything was done in obscurity

Means it's quite close to 2017 revenue. Nigeria should maximize crude oil revenue for human capital development. Oil won't last forever

Rubbish profit and yet petrol is expensive

And so?? Of what use is it to common men?

Impressive performance by NNPC Limited! 🚀 The N5.89 trillion revenue and N748 billion PAT in just one month shows real momentum. Encouraging to see investments in infrastructure like the AKK and OB3 pipelines nearing completion — game changers for the energy sector. Also commendable are the community impact efforts — from cataract surgeries to ICT training and farmer empowerment. Let’s hope the unaudited figures hold strong after review and that these developments translate into long-term economic benefits for Nigerians. 👏🇳🇬

Crude oil sales should not be included in the revenue. Nigeria owns the crude oil, but refining products and additional services should be listed as what constitutes NNPLC revenue and profits.

This is impressive I hope they keep it up.

And our darling citizens are dieing in poverty and hunger.

Propaganda!!!

If you know, you know!

They're trying to make the previous board extremely bad

So many comments here reek of arrogant display of ignorance.

Well, I'm not surprised. They the usual bitterleaf people. It is in their blood.

ShenTeh:
And our darling citizens are dieing in poverty and hunger.

Let me ask you, how many of your family or household, your neighbours, your coworkers, Those in your street, your church or those in your neighbourhood have died of poverty and hunger?

And is there any time in history of humankind that we don’t have hungry people among us? Even in the days of the Bible.

nairalanda1:


That shows you don't get my point.
If we want to stop borrowing, let us vote out tinubu and vote in a government that would diversify our economy
Better still, make the export of manufactured goods and services the basis of our economy
So long as most of our government revenue comes from oil and so long as we don't control the price of crude we will keep borrowing. That is why we have been borrowing for decades

Do you that your darling GEJ was borrowing to pay workers minimum wage salary of N18,000?

But you never campaign that he should be voted out. Your hypocrisy is quite apalling.

barinedan:

So therefore , Nigeria should continue with reckless and fruitless borrowings, right?

Is there any country in the world that does not borrow? And if you don't want the government to borrow, are you ready to pay higher taxes so government can have money to meet its financial obligations?

First time ever in the history of this company.

They keep posting revenues and profits every months from the different agencies yet they won't stop borrowing. Stupid people

No subsidy, more money

At the end of the day, NNPC is being forced to.work for it's money. No more free gift

The only pain is that this could have happened since 1992 if we had listened

jmoore:
I put it to you that more than 1 trillion naira profit have been diverted.

Go and put it to them in their headquarters, they're not here

SarkinYarki:
For 8 years Buhari didn't publish NNPC earnings , everything was done in obscurity

There was nothing. Nnpcl recorded zero profit under Buhari government because all their revenue were used to pay subsidy

No 1 rule in life : Never you try to please human beings cos you can't can't and can't . Just do your bit and look away

Audio money , make dem share oyel money for us ma

barinedan:
They keep posting revenues and profits every months from the different agencies yet they won't stop borrowing. Stupid people

Companies, even the profitable ones, borrow

Also, Nigeria borrows because expected oil revenue has been lower than usual due to oil being below the baseline budget mark this year

ceejay80s:
Rubbish profit and yet petrol is expensive

barinedan:
They keep posting revenues and profits every months from the different agencies yet they won't stop borrowing. Stupid people

ShenTeh:
And our darling citizens are dieing in poverty and hunger.

Edoreborn:
And so?? Of what use is it to common men?

EPIJOE:
Audio profits. Make dem bring fuel back to #500/ liters we would take u people serious..

iwaeda:
Audio profits and Nigeria still borrowing. Have they fulfilled their commitment to JVs.

See dem unpatriotic fellows. Someday y'aII wiII get healed.

Biodun556:



There was nothing. Nnpcl recorded zero profit under Buhari government because all their revenue were used to pay subsidy

Same thing even before buhari. They were losing money for decades and being barely propped up by the occasional subsidy cuts

I am not sure some of you understand economics.

1. You borrow so you can have cash reserves in case you need to meet obligations
2. You cannot wait for remittances to pay obligations like Salary, but you can use those fundings to plan future expenses.
3. It is called a CREDIT system. It is common in the West.
4. These funds may not be enough, but the exploration of Ogoni Lands begin soon.
5. When we start making and remitting more than budget, we will have surplus, then we can stop borrowing and pay off debt.
6. Borrowing can also help to increase capital for investments into Oil and Gas, Agriculture --- the revenues will pay off debts and expand the economy.
7. Like Peter Obi once said, the issue is not borrowing but what you are using it to do.
8. Even USA still borrows...and they control the World Capital Market...for now.

ogododo:


https://www.vanguardngr.com/2025/06/nnpcl-declares-n5-89trn-revenue-n748-profits-for-april-2025/

2mch:
Profit of 748 billion? That’s not bad na.

That's less than $1bn for a national oil company

Biodun556:



There was nothing. Nnpcl recorded zero profit under Buhari government because all their revenue were used to pay subsidy

This is a lie

NNPC has been posting profits since 2021

I'm shocked you folks that ed Buhari fanatically all through his 8 years are lying against him now on the little achievements he had

MadamExcellency:
Crude oil sales should not be included in the revenue. Nigeria owns the crude oil, but refining products and additional services should be listed as what constitutes NNPLC revenue and profits.

Please explain better i would like to learn cuz i want to enter oil and gas business if possible have a filling station before my late 20s

nairalanda1:


Companies, even the profitable ones, borrow

Also, Nigeria borrows because expected oil revenue has been lower than usual due to oil being below the baseline budget mark this year

So therefore , Nigeria should continue with reckless and fruitless borrowings, right?