The Nigerian National Petroleum Company Limited (NNPC) has announced a revenue of approximately ₦6 trillion and a profit after tax (PAT) of ₦1.054 trillion for May 2025, reflecting increased operational efficiency and transparency under the new management.
In its second monthly operations summary since President Bola Tinubu appointed a new leadership team led by Bayo Ojulari on April 2, the national oil company reported steady gains across upstream and downstream segments. The May figures surpassed April’s reported ₦5.89 trillion revenue and ₦748 billion PAT.
According to the NNPC, statutory payments to the federal government from January to April 2025 rose to ₦5.58 trillion, underscoring the company’s improved remittance capacity.
Key Infrastructure Milestones and Output
The highlight of May’s report was the accelerated progress on the Ajaokuta-Kaduna-Kano (AKK) gas pipeline, which advanced from 70% to 81% completion, following the successful River Niger crossing. Similarly, the OB3 gas pipeline reached 96% completion.
NNPC also noted:
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Crude oil and condensate output for May: 1.62 million barrels per day
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Natural gas production: 7,352 mmscf/day
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Upstream pipeline availability improved to 98%, up from 97%
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Petrol availability at NNPC stations nationwide rose from 54% in April to 62% in May
The company further completed Turn Around Maintenance (TAM) for several key infrastructure assets, including:
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Trans Escravos Pipeline (TEP)
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OML 40 – Opuama flow station
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OML 17 – Obigbo and Agbada flow stations
However, the revamp of Nigeria’s three key refineries—Port Harcourt, Warri, and Kaduna—remains under review, leaving uncertainty over local refining capacity.
CSR and Community Impact
Through the NNPC Foundation, the company continued its community outreach in May with notable social investments:
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531 NYSC Corps members received starter packs on May 22
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6,028 cataract surgeries completed across southern and northern Nigeria
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Plans to deliver MRI machines to hospitals in Dala-Kano and Awka are ongoing
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4,931 vulnerable farmers trained in modern agriculture, climate resilience, and market access strategies
A Push for Transparency
By consistently publishing monthly operational and financial summaries, the NNPC appears committed to reversing its long-standing image of opacity in Nigeria’s oil and gas sector. The move is expected to build public trust, attract investment, and improve policy oversight.