NNPC Embraces Transparency, Declares N5.89 Trillion Revenue, N748 Billion Profit for April 2025
The Nigerian National Petroleum Company Limited (NNPC Ltd) has declared a revenue of ₦5.89 trillion and a profit of ₦748 billion for the month of April 2025.
The announcement marks one of the highest monthly earnings recorded by the national oil company since it was commercialised under the Petroleum Industry Act.
In a financial report released on Thursday, NNPC attributed the strong earnings to increased oil and gas production, favourable global market conditions, and improved operational efficiency across its upstream and midstream businesses.
The company also cited its continued efforts at driving transparency and cost discipline.
Between January and March 2025, NNPC said it transferred ₦4.225 trillion to the Federation Account, reinforcing its role as a critical revenue contributor to the federal government. The April results are seen as a continuation of that strong fiscal trend.
Oil production for the month averaged 1.61 million barrels per day, slightly lower than January’s 1.67 million bpd but still within the national target. Natural gas production rose to 7.47 billion standard cubic feet per day, up from 6.62 billion in February and 6.93 billion in March.
In terms of infrastructure, the company reported 97 percent availability of its upstream pipelines, while retail petrol availability across the country stood at 54 percent.
These figures reflect improved asset performance and logistics management in recent months.
NNPC also provided updates on key national projects. The Ajaokuta–Kaduna–Kano (AKK) gas pipeline is now 70 percent complete, while the OB3 pipeline, which links Obiafu, Obrikom, and Oben, has reached 95 percent completion. Both projects are expected to enhance domestic gas supply and industrial development upon completion.
Refinery rehabilitation efforts are ongoing, with critical maintenance completed on oil mining leases including OMLs 18, 58, 118, and 133. The Port Harcourt, Warri, and Kaduna refineries are also undergoing different stages of refurbishment and reviews.
The company disclosed that it is working towards taking final investment decisions on several major projects by the fourth quarter of the year. These include the Ntokon development in OML 102, expansion plans in OML 29, gas commercialisation projects in OMLs 30 and 42, and the long-delayed Brass Fertiliser Project.
NNPC, however, clarified that the financial figures released for April are provisional and unaudited, and only cover its own operations, excluding those of other oil and gas companies operating under the regulatory oversight of the Nigerian Upstream Petroleum Regulatory Commission.
The April 2025 results have been welcomed by stakeholders in the oil and gas sector as a sign of improving corporate performance and operational stability within the national oil firm. Industry analysts believe that sustained efficiency and timely execution of strategic projects could further enhance NNPC’s profitability and contribution to national development.
