The Nigerian National Petroleum Company (NNPC) Limited has announced a profit after tax (PAT) of N748 billion for April 2025, marking a major financial milestone for the state-owned oil giant.
This was disclosed in the company’s Monthly Report Summary for April 2025, which also showed total revenue of N5.89 trillion for the period. The company noted that the figures remain provisional and unaudited.
In the first quarter of 2025 alone, NNPC said it remitted N4.22 trillion in statutory payments.
The report detailed crude oil and condensate production averaging 1.60 million barrels per day in April, while daily natural gas production stood at 7.47 million standard cubic feet.
NNPC clarified that the reported figures cover only its operations, excluding independent oil producers under the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
Additionally, the company reported that petrol availability across its NNPC Retail Limited stations reached 54 percent, with upstream pipeline reliability recorded at 97 percent during the same month.
AKK Pipeline Hits 70% Completion
The company also gave updates on two strategic gas infrastructure projects. The Obiafu-Obrikom-Oben (OB3) pipeline was 95 percent complete as of April, while the Ajaokuta-Kaduna-Kano (AKK) pipeline stood at 70 percent completion.
NNPC attributed the progress on both projects to technical interventions, particularly in overcoming challenges involving River Niger crossings.
Meanwhile, several Oil Mining Leases (OMLs) — including OMLs 18, 58, 118, and 133 — underwent turnaround maintenance during the month, the company stated.
The report also confirmed that the Port Harcourt, Warri, and Kaduna refineries were undergoing review, as part of broader efforts to revitalise domestic refining capacity.
Looking ahead, NNPC said it is targeting final investment decisions (FIDs) on several strategic projects in the last quarter of 2025. These include:
The Ntokon Development Project (OML 102),
Crude Oil Production Expansion (OML 29),
Gas development projects in OMLs 30 and 42,
Financial closure on the Brass Fertilizer Project.
The company further disclosed that it worked with venture partners in April to drive sustainable production and execute presidential directives on upstream oil and gas operations.
NNPC also issued a public advisory, warning Nigerians and foreign investors against fraudulent individuals and entities impersonating the company in various capacities.
“We urge the public to be vigilant and report any suspicious activities,” the company said.
The report underscores NNPC’s ongoing transformation efforts since its incorporation as a commercial entity, positioning it as a key player in Nigeria’s push for energy security and economic growth.
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