The Nigerian National Petroleum Company (NNPC) Limited has declared a profit after tax of N748 billion for the month of April 2025.
TheNewsGuru.com (TNG) reports this is contained in the NNPC Limited Monthly Report Summary for April 2025 released on Thursday.
The report highlighted other key figures, including crude oil and condensate production, natural gas output, revenue and strategic initiatives during the period.
In the report, NNPC declared a revenue of N5,891 billion for the month of April and that statutory payments of N4,225 billion were made from January to March.
According to the report, the Obiafu-Obrikom-Oben Gas Pipeline project, also known as the East-West Pipeline, has reached 95% completion and the Ajaokuta–Kaduna–Kano Natural Gas Pipeline (AKKP) has reached 70% completion.
On strategic efforts, NNPC disclosed in the report that it has made technical interventions on the AKK and OB3 to resolve challenges of River Niger crossings.
On the status of the nation’s refineries, NNPC confirmed in the report that the Port Harcourt Refinery, Warri Refinery and Kaduna Refinery are all currently under review.
NNPC disclosed in the report that Nigeria’s crude oil and condensate production stands at 1.6 million bpd for the month of April and that natural gas production stands at 7,473 mmscf/d.
In March, TNG reports NNPC recorded 1.56 million bpd crude oil and condensate production and 6928 mmscf/d natural gas production .
According to the corporation, there is ongoing collaboration with venture partners to accelerate sustainable production enhancement and that implementation of relevant presidential directives and executive orders have been completed for upstream operations.
NNPC listed upcoming final investment decisions (FIDs) in 2025 to include Ntokon Development (OML 102), Crude Oil Prod. Expansion Project (OML 29), Gas Development Projects (OML30, 42) and Brass Fertilizer (Financial Close).
It noted that crude oil and gas figures are provisional and that they reflect only NNPC’s data, adding that it excludes volumes of independent operators reported by NUPRC.
“All financial figures are provisional and unaudited. All operational and financial data are for April 2025 unless indicated otherwise,” the report noted.