The Nigerian National Petroleum Company (NNPC) Limited has reported that it earned N1.054 trillion in profit after tax while revenues came in at N6.008 trillion in the month of May, 2025.
Crude production including condensate rose to 1.63 million barrels per day in May 2025, from 1.61 million barrels per day a month earlier in April.
The NNPC said it paid N5.58 trillion as statutory payments to the Federation between January and April 2025.
Meanwhile the Ajaokuta-Kaduna-Kano (AKK) Gas pipeline was reported to be 81% completed in the NNPC report seen by MoneyCentral, up from 70% in April 2025.
The Nigerian National Petroleum Company Limited (NNPC Ltd.) announced that the AKK Gas Pipeline successfully crossed the River Niger during the month, boosting the hope of the project’s completion by Q4 2025.
Group Chief Executive Officer of NNPC Ltd., Engr. Bashir Bayo Ojulari, who announced the significant milestone while delivering a Keynote Address at the 24th NOG Energy Week (#NOGEnergyWeek), said the feat was achieved through effective and innovative contract reengineering and industry collaboration.
He also disclosed that for the first time in a long while, the nation enjoyed 100% crude oil pipeline availability throughout June 2025.
He said the feat, which was possible through the industry-wide security interventions led by the NNPC Ltd., helped to boost crude oil production.
He, however, called for more investments to boost production, adding that NNPC Ltd. has been able to turn the narrative around by consistently meeting its cash-call obligations to Joint Venture operations.
NNPC said Completed Turn Around Maintenance (TAM) in May included: 20/24’’ Trans Escravos Pipeline (TEP), OML 40 Opuama flow station, OML 17 – Obigbo and Agbada Flow Stations.
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