Nigeria: NNPC Paid N5.58tr to Government in 4 Months - Report

1 July 2025
Daily Trust (Abuja)

The Nigerian National Petroleum Company Limited (NNPCL) has stated that it made N5.58tr statutory payment to the federal government from January to April, 2025.

The company in its monthly report summary for May 2025 published on its website and official X handle said it made N1.054tr profit after tax and made N6trn revenue in May, adding that 1,629 million of Crude Oil and Condensate Production (kbopd) were made.

It added that its three refineries it shut down in May are still undergoing review.

While it said the Abuja-Kaduna-Kano pipeline project has reached 81% completion, it has ensured a progressed technical intervention on AKK to resolve challenges of River Niger crossing (RNC) and conducting detailed evaluations on OB3 RNC to determine the best project execution path forward.

It would be recalled that the company had shut down the Port Harcourt Refining Company (PHRC), Warri Refinery and Kaduna Refinery for maintenance.

"We completed Turn Around Maintenance (TAM) in May: 20/24" Trans Escravos Pipeline (TEP), OML 40 - Opuama flow station, OML 17 - Obigbo and Agbada Flow Stations.

"Ongoing collaboration with venture partners to accelerate sustainable production enhancement," the national oil company added.

Read the original article on Daily Trust.

Tagged:
Copyright © 2025 Daily Trust. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 600 reports a day from more than 90 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.