NNPC Posts N5.89trn Revenue, N748bn Profit In April

The Nigerian National Petroleum Company Limited (NNPC) has reported a robust revenue of N5.89 trillion and profit after tax (PAT) of N748 billion for the month of April 2025, signaling a renewed commitment to transparency and performance under its new leadership.

This marks a sharp departure from previous years when monthly financial disclosures were suspended without public explanation. Under the leadership of Mr. Bayo Ojulari, the state-owned energy giant has resumed public reporting, aligning with investor expectations and best practices in corporate governance.

According to the company’s financial and operational report released recently, statutory payments to the federal government in Q1 2025 totaled N4.225 trillion, reaffirming NNPC’s role as a critical revenue contributor to the national economy.

Beyond its financial performance, the company reported 54 percent petrol availability across its retail network, reflecting efforts to stabilize domestic fuel supply.

Looking ahead, NNPC is preparing to make bold investment moves, with four Final Investment Decisions (FIDs) expected before the end of 2025. These include:

• OML 102 – Crude Oil Production Expansion Project
• OML 29 – Gas Development Initiatives
• OMLs 30 and 42 – Integrated Gas Projects
• Brass Fertiliser Project, including the Ntokon Development Project in OML 102

These projects are part of a broader mandate issued by President Bola Tinubu, which targets $60 billion in investments by 2030 and daily oil production milestones of 2 million barrels by 2027 and 3 million barrels by 2030.

NNPC’s latest disclosure not only highlights improved operational efficiency but also reaffirms its strategic vision to drive Nigeria’s energy future through value-driven partnerships, transparency, and sustained investor confidence.