NNPC Towers
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:
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.
EFCC, NMDPRA Raid Chinese-Linked Illegal Refinery in Ogun, Uncover 90,000-Litre Underground Tanks Officials of…
Nigeria Flamingos Make History, Stun Brazil 3-1 to Reach U-17 Women’s World Cup Final …
Abdul El-Sayed, Seven Other Muslims Make History In US Midterm Elections Muslim Candidates Also…
OMODA & JAECOO Exceed 1.4m Global Sales, Expand Push into AI, Electrification OMODA &…
Appeal Court Upholds INEC’s Recognition of Wike-Backed PDP Leadership, Dismisses Turaki Faction’s Suit Abuja,…
National Assembly Fires State Police Bill to Tinubu as 29 States Defy Status Quo …