NNPC Records N5.891trn Profit in April
The Nigerian National Petroleum Company (NNPC Ltd) Thursday announced that it recorded revenue of N5.891trn in April 2025.
In its NNPC Limited Monthly Report Summary for the month of April 2025, posted on its X (twitter) handle, the company also declared a profit after tax (PAT) of N748 billion for April.
The company added that it carried out statutory transfers of N4.225 trillion from January-March this year.
The April report highlights the company’s operational performance, financial results, and strategic initiatives targeted at boosting the country’s oil and gas sector.
Part of its achievements in the first quarter of 2025 is the completion of key technical interventions on the AKK and OB3 gas pipeline projects, particularly addressing challenges related to River Niger crossings. According to the report, OB3 and AKK projects are 95 percent and 70 percent completed respectively.
The NNPCL further stated that crude oil and condensate production stood at 1.61 million barrels per day while natural gas production rose to 7,354 million standard cubic feet per day (mmscf/d), up from 7,120 mmscf/d in February.
Upstream pipeline availability remained strong at 97%, the report stated, reflecting improved infrastructure reliability.
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“In the refining sector, facilities in Port Harcourt, Warri, and Kaduna are undergoing review, with further assessments underway. Turnaround Maintenance (TAM) was completed in April for critical oil mining leases, including OMLs 18, 58, 118, and 133,” the report added.
It further highlighted the NNPC Foundation public impact initiatives to include the empowerment of 531 NYSC Corps Members 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 3 hospital wards with 100-bed capacity at National Orthopaedic Hospital, Igbobi, 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,” the company explained.
In the report, the company revealed that it is set to make Final Investment Decisions (FIDs) on four projects by the fourth quarter of 2025.
The projects include: Ntokon Development Project (OML 102), Crude Oil Production Expansion Project (OML 29), Gas Development Projects (OMLs 30 and 42), and Brass Fertilizer Project.
