The Nigerian National Petroleum Company Limited (NNPC) disclosed its operational results for May 2025 on Monday evening, revealing revenues of approximately N6 trillion and a profit after tax (PAT) of N1.054 trillion for the month.
Under the leadership of Bayo Ojulari, the national oil company announced significant progress on the Ajaokuta-Kaduna-Kano (AKK) gas pipeline, which advanced from 70% to 81% completion following the recent River Niger crossing.
This report marks the second monthly summary since the company’s new leadership was appointed by President Bola Tinubu on April 2, 2025, reflecting a commitment to greater transparency.
In its earlier release for April, the NNPC reported total revenue of N5.89 trillion and a PAT of N748 billion, alongside statutory payments to the federal government totalling N4.225 trillion for the first quarter of 2025.
The recent announcement also highlighted an increase in petrol availability at retail stations nationwide, rising from 54% in April to 62% in May, while upstream pipeline availability improved to 98%, up from 97%.
Further, the company’s statutory payments to the federal government for the first four months of 2025 reached N5.58 trillion.
In terms of hydrocarbon production, crude oil and condensate output for May averaged 1.62 million barrels per day, with natural gas production at 7,352 mmscf/day, while the OB3 pipeline neared 96% completion.
The NNPC is actively collaborating with venture partners to boost sustainable production, aiming for a 2025 budget production benchmark of 2.06 million bpd.
Technical interventions on the AKK are ongoing to address challenges related to the River Niger crossing, alongside detailed evaluations on the OB3 crossing to identify the optimal execution strategy.
Additionally, the NNPC completed Turn Around Maintenance (TAM) in May for the Trans Escravos Pipeline (TEP), as well as flow stations at OML 40 – Opuama, OML 17 – Obigbo, and Agbada.
However, efforts to revitalise the nation’s refineries remain uncertain, with the NNPC indicating that the Port Harcourt, Warri, and Kaduna refineries are still under review.
In terms of public impact initiatives by the NNPC Foundation, a handover ceremony for 531 starter packs for NYSC Corps members occurred as scheduled on May 22, 2025. Moreover, 6,028 cataract surgeries were completed across various regions, and plans to provide MRI machines to the National Orthopedic Hospital in Dala-Kano and Nnamdi Azikiwe University Teaching Hospital in Awka are in progress.
The NNPC also reported that 4,931 vulnerable farmers in the southern region received extensive training on modern farming techniques, climate adaptation, and market access as part of its corporate social responsibility efforts. By making its monthly operational summaries public, the NNPC aims to enhance accountability in an oil and gas sector long plagued by opacity and inefficiency.
