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.
Gumi Says Islamophobia Is Influencing South-West Politics, Rejects Involvement in “Dirty Local Politics” Prominent Islamic…
2027: Babachir Lawal Reveals Why He Prefers Tinubu's 'Devil' to Atiku's Presidency Former Secretary to…
Power-Sharing Showdown: NDC Replaces Kwankwasiyya-Nominated Candidates in Kano KANO, Nigeria — Tensions within the New Democratic Congress…
Nigerian Labour Leader Dies in Geneva During International Labour Conference The Nigerian delegation to the…
Galatasaray Ask Osimhen to Help Secure Ademola Lookman Transfer Turkish champions Galatasaray have reportedly enlisted…
NRC Confirms Warri–Itakpe Train Accident, Three Passengers Dead Three passengers reportedly died and many…