NNPC earned N6tn revenue in May, remits N5.6tn to FG

NNPC earned N6tn revenue in May, remits N5.6tn to FG

The Nigerian National Petroleum Company Ltd (NNPC) posted N6tn revenue in the month of May 2025.

The energy giant generated N1.05tn profit during the period under review.

According to the NNPC Ltd, N5.58tn has been remitted as statutory payments between January to April, 2025.

The monthly report is part of the Bayo Ojulari-led NNPC to entrench the transparency legacy of the immediate past Group Chief Executive Officer (GCE), Mele Kyari.

READ ALSO:

• Al-Hilal stun Man City in seven-goal Club World Cup thriller
• Pastor sentenced to 25 years for defiling his daughter
• Eviction: APC chieftain files contempt suit against EFCC boss

The report further revealed that upstream pipeline availability was 98 per cent during the review month.

Crude oil production including condensates was 1.629 million barrels per day, representing a rise from the 1.6 million barrels per day recorded in April.

Natural gas production was 7.352 billion standard cubic feet per day (scf/d). This represents a slight drop from the 7.354 scf/d recorded in April, 2025.

It said Premium Motor Spirit (PMS) availability in NNPC Retail Limited (NRL) stations was 62 per cent.

 

NNPC earned N6tn revenue in May, remits N5.6tn to FG