Nnpc Reports N5.89 Trillion Revenue And N748 Billion Profit In April 2025
The Nigerian National Petroleum Company (NNPC) has announced a revenue of N5.89 trillion for April 2025.
This was disclosed in the ‘NNPC Limited Monthly Report Summary – April 2025’, published on the company’s official website. The report also recorded a profit after tax (PAT) of N748 billion for the same month. Additionally, NNPC revealed that it made statutory transfers totaling N4.225 trillion between January and March 2025.
According to the document, crude oil and condensate production averaged 1.61 million barrels per day (mbpd) in April. For the preceding months, production stood at 1.67mbpd in January, 1.62mbpd in February, and 1.56mbpd in March.
Natural gas production for April was 7.47 million standard cubic feet per day (mmscf/d). Figures for January, February, and March were 7,120mmscf/d, 6,615mmscf/d, and 6,928mmscf/d respectively. NNPC clarified that all financial figures presented are provisional and unaudited.
The report emphasized that the statistics only cover NNPC’s operations and exclude data from independent producers, which are typically reported by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). It also noted that petrol availability at NNPC retail stations during the month stood at 54 percent, while upstream pipeline availability reached 97 percent.
Updates on key gas infrastructure projects were also highlighted. The Ajaokuta-Kaduna-Kano (AKK) pipeline was reported to be 70 percent complete, while the Obiafu-Obrikom-Oben (OB3) gas pipeline had reached 95 percent completion. In April, the Port Harcourt, Warri, and Kaduna refineries remained under review.
NNPC further stated that it worked with venture partners during the month to ensure sustainable production and successfully implemented presidential directives and executive orders related to upstream operations.
Looking ahead, the company revealed several major final investment decisions (FIDs) expected in the fourth quarter of 2025. These include the Ntokon Development Project (OML 102), the Crude Oil Production Expansion Project (OML 29), gas development projects in OML 30 and OML 42, and the financial close of the Brass Fertilizer project.