The Nigerian National Petroleum Company Limited (NNPCL) announced a staggering ₦1.054 trillion profit for May 2025, marking a 40% surge from April's earnings. This financial milestone comes alongside ₦6 trillion revenue and substantial infrastructure investments, signaling robust operational performance. Energy in Transition.
- 40.37% profit increase from April's ₦748 billion
- ₦5.583 trillion remitted to the federal government (Jan-May 2025)
- 1.629 million barrels/day crude production maintained
- Key maintenance completed on Trans Escravos Pipeline, OML 40/17
- AKK gas pipeline project advances despite River Niger challenges
- Port Harcourt, Warri, and Kaduna refineries are under technical review
- Figures exclude independent operators' data
While these unaudited results showcase NNPCL's financial strength, the parallel infrastructure push reveals a dual focus on immediate profitability and long-term energy security. Energy in Transition.
Sources: NNPCL Monthly Report | Vanguard
