The Nigerian National Petroleum Company Limited (NNPCL) has announced that it earned a total of ₦5.89 trillion in revenue for April 2025 and recorded a profit of ₦748 billion after tax for the same month.
The figures were released in its latest publication titled “NNPC Limited Monthly Report Summary April 2025” and made available on the company’s official website on Thursday.
Strong Revenue, Steady Oil Production
According to the report, crude oil and condensate production in April stood at an average of 1.61 million barrels per day, slightly lower than January’s 1.67mbpd but higher than March’s 1.56mbpd.
For natural gas, April’s production was reported at 7.47 million standard cubic feet per day (mmscf/d), maintaining an upward trend from earlier months.
NNPCL also confirmed that it transferred ₦4.225 trillion to the federation between January and March 2025.
However, the company noted that all financial numbers are still provisional and unaudited, and do not include data from private operators monitored by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
Fuel and Infrastructure Update
The report highlighted that petrol availability at NNPC Retail stations stood at 54% for April, while upstream pipeline availability was strong at 97%.
On gas infrastructure, NNPCL revealed progress on major projects:
- The Ajaokuta-Kaduna-Kano (AKK) gas pipeline is now 70% complete
- The OB3 (Obiafu–Obrikom–Oben) pipeline has reached 95% completion
NNPCL Refineries and Production Outlook
Although the Port Harcourt, Warri, and Kaduna refineries remained under review during the month, NNPCL said it had collaborated with joint venture partners to enhance production sustainability.
The company is also preparing for several final investment decisions (FIDs) expected by the end of 2025. These include:
- The Ntokon Development Project (OML 102)
- OML 29 Crude Oil Expansion Project
- Gas projects in OML 30 and OML 42
- The Brass Fertilizer project’s financial closure
NNPCL Community Support and CSR Initiatives
NNPC Foundation also delivered on several public impact projects:
- Empowered 531 NYSC corps members with solar starter packs
- Trained 83 ICT and 170 creative talents with business kits
- Restored vision for 2,005 people through cataract surgeries in the South-East and South-South
- Rehabilitated hospital wards with 100-bed capacity at the National Orthopaedic Hospital, Igbobi
- Donated STEM books and built libraries in Abuja and Lagos
- Trained 3,860 smallholder farmers in climate-smart agriculture
Public Reaction: Mixed Feelings
While the figures paint a picture of growth, many Nigerians have expressed doubts and frustrations on platforms like Nairaland.
Some welcomed the profit, calling ₦748 billion “not bad,” while others dismissed the numbers as “audio profits,” pointing to fuel scarcity and high prices at the pump. Others questioned why, despite such revenue, the government continues borrowing and refineries remain unrepaired.
“Where is the money? Why is petrol still over ₦1,000/litre?” one user asked.
“I hope this is true. May God help Nigeria,” another said.
Final Note
Whether or not these numbers restore public confidence, the report clearly shows that NNPCL is generating strong revenue, making significant infrastructure progress, and preparing for major investments. What remains to be seen is how these profits will translate to relief for everyday Nigerians.
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