The Nigerian National Petroleum Company Limited has announced robust financial and operational performance for May 2025, disclosing approximately N6 trillion in revenue alongside a N1.054 trillion Profit After Tax.
The figures represent a significant improvement from April’s N5.89 trillion revenue and N748 billion profit, demonstrating continued growth under the leadership of Bayo Ojulari, appointed by President Bola Tinubu on 2 April 2025 to drive transparency and efficiency in the national oil company.
In its latest monthly operations report released Monday night, the NNPC revealed it had remitted N5.58 trillion to federal government coffers for the first four months of 2025, building on the N4.225 trillion paid during the first quarter.
The company’s upstream operations maintained strong performance with crude oil and condensate production averaging 1.62 million barrels per day, while natural gas output reached 7,352 million standard cubic feet daily.
Infrastructure development progressed notably, with the OB3 gas pipeline now 96% complete and the strategic Ajaokuta-Kaduna-Kano gas pipeline advancing from 70% to 81% completion following the technically challenging River Niger crossing.
Operational improvements were evident across multiple fronts. Petrol availability at NNPC retail stations increased from 54% in April to 62% in May, while upstream pipeline availability reached 98%.
The company successfully completed Turn Around Maintenance on critical infrastructure including the Trans Escravos Pipeline, OML 40 Opuama flow station, and OML 17 Obigbo and Agbada flow stations. These maintenance activities form part of broader efforts to optimise production capacity and ensure reliable energy supply across the country.
While these developments show progress, uncertainty persists regarding the rehabilitation of Nigeria’s refineries. The Port Harcourt, Warri and Kaduna refineries remain under review, with no definitive timeline provided for their full operational restoration.
The NNPC continues to collaborate with venture partners to implement technical solutions that will enhance sustainable production, particularly important given Nigeria’s 2025 budget benchmark of 2.06 million barrels per day.
Beyond its core operations, the NNPC maintained its commitment to corporate social responsibility initiatives. The company provided business starter packs to 531 National Youth Service Corps members, completed 6,028 cataract surgeries nationwide, and advanced plans to install Magnetic Resonance Imaging machines at the National Orthopaedic Hospital in Dala-Kano and Nnamdi Azikiwe University Teaching Hospital in Awka. Agricultural support programmes reached 4,931 smallholder farmers in southern Nigeria, offering training in modern farming techniques, climate change adaptation and market access strategies.
The decision to publish regular operational and financial summaries marks a deliberate shift towards greater transparency for the NNPC, an institution historically criticised for opacity in its operations. By making these detailed performance metrics publicly available, the company leadership demonstrates its commitment to accountability while providing stakeholders with clearer insight into Nigeria’s vital oil and gas sector.
The May 2025 report underscores both the substantial economic contribution of the NNPC and the ongoing challenges facing Africa’s largest oil producer as it seeks to maximise the value of its hydrocarbon resources while transitioning towards more sustainable energy solutions.
Continued focus on infrastructure development, particularly the completion of critical gas pipelines, positions Nigeria to better utilise its substantial natural gas reserves for domestic power generation and industrial growth. The reported figures also highlight the NNPC’s central role in government revenue generation at a time of significant economic pressures. As the company maintains its production enhancement efforts while pursuing operational transparency, its performance will remain crucial to Nigeria’s broader economic stability and growth trajectory in the coming years.
The latest report provides measurable indicators of progress while acknowledging areas requiring further attention, particularly refinery rehabilitation and full optimisation of gas infrastructure. With consistent monthly reporting now established as standard practice, stakeholders can better track the NNPC’s performance against its stated objectives and Nigeria’s energy sector ambitions. The combination of strong financial results, infrastructure milestones and social investment programmes presents a comprehensive picture of an organisation undergoing substantial transformation while shouldering significant national responsibilities.
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