In an energy landscape where Nigeria’s crude oil production continues to underperform, the latest financial report from NNPC Ltd. comes with a surprising twist: profit is up, and gas is the hero. According to NNPC, its April 2025 report shows a solid ₦748 billion in after-tax profit, with natural gas output hitting new highs. This resilience, despite broader sector struggles, raises hopes for Nigeria’s energy future.
NNPC Ltd.'s April 2025 report signals financial strength propelled by gas growth, even as oil output continues to drag. New leadership under Bayo Ojulari is betting on strategic investments to shift Nigeria’s energy story.
- NNPC Ltd. earned ₦5.89 trillion in revenue and ₦748 billion in profits for April 2025.
- Average daily crude and condensate output was 1.606 million barrels, below national targets.
- Natural gas production climbed to 7.35 million standard cubic feet per day.
- Petrol stock availability at its stations reached 54%.
- Upstream pipeline reliability remained strong at 97%, despite operating pressure.
This report reflects a quiet pivot: gas is no longer just potential, it's fast becoming Nigeria’s energy backbone.
