By Ayomide Otitoju
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has disclosed that it generated ₦5.89 trillion in operational revenue for April 2025 and made statutory payments totaling ₦4.22 trillion to the Federation Account between January and March.
In its April 2025 Monthly Report Summary released on Thursday—marking the first official financial report under the current management—NNPC Ltd. also announced a profit after tax of ₦748 billion. The company said the figures are provisional and unaudited.
The report offers insights into the company’s financial performance, operational metrics, and strategic direction, highlighting ongoing efforts to modernize refineries and strengthen upstream production.
According to the report, crude oil and condensate production stood at 1.61 million barrels per day in April, up slightly from 1.56 million barrels per day in March. Gas output also rose to 7.35 billion standard cubic feet per day. However, the data reflect only NNPC operations and exclude production figures from independent operators, as reported by the Nigerian Upstream Petroleum Regulatory Commission.
NNPC noted that it aims to reach 1.9 million barrels per day by year-end, aided by four major upstream projects set for Final Investment Decisions (FIDs) in the fourth 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, and the financial close of the Brass Fertilizer Project—expected to reduce fertilizer imports and boost local agricultural productivity.
Infrastructure stability also showed improvement, with Premium Motor Spirit (petrol) availability at NNPC retail outlets reaching 54 percent in April, and pipeline availability hitting 97 percent. The company reported that technical interventions were completed on the Ajaokuta-Kaduna-Kano (AKK) and OB3 pipelines to address legacy challenges in the River Niger crossing.
Refinery upgrades remain ongoing at the Port Harcourt Refining Company, Warri Refining and Petrochemical Company, and Kaduna Refining and Petrochemical Company. The company also completed Technical Asset Management (TAM) reviews for key oil mining licences including OML 18, OML 58, OML 118, and OML 133 in April.
“Strategic collaboration with venture partners is ongoing to accelerate sustainable production enhancement,” the company stated, adding that it has implemented relevant Presidential directives and Executive Orders to streamline its upstream operations.
In addition to operational performance, NNPC also highlighted its social impact initiatives through the NNPC Foundation. As part of its youth empowerment agenda, the company provided solar power starter packs to 531 National Youth Service Corps (NYSC) members under the NNPC/NYSC Business Empowerment Initiative. Another 83 ICT trainees and 170 creative industry participants were equipped with business starter kits to support innovation and entrepreneurship.
In the healthcare sector, NNPC facilitated 2,005 cataract surgeries across the South-East and South-South regions and rehabilitated three 100-bed hospital wards at the National Orthopaedic Hospital, Igbobi. The foundation also commissioned STEM books and science libraries in schools across Abuja and Lagos and trained 3,860 vulnerable farmers in climate-smart agriculture practices.
Industry observers say the financial disclosures and ongoing projects reflect a promising start for the NNPC Ltd.’s leadership, underscoring a shift toward greater transparency, profitability, and social responsibility under its restructured corporate framework.
