The Nigerian National Petroleum Company (NNPC) Limited has announced that it made statutory payments totaling N6.96 trillion between January and June.
Statutory payments refer to legally mandated remittances made by organizations to government authorities as part of national revenue generation.
In its ‘NNPC Limited Monthly Report Summary — June 2025’, the company also disclosed a profit after tax (PAT) of N905 billion for the month of June — a 13.81 percent decline from N1.05 trillion recorded in May.
Additionally, the company posted a revenue of N4.57 trillion in June, reflecting a 23.83 percent drop compared to N6 trillion in May.
NNPC reported that crude oil and condensate production averaged 1.68 million barrels per day (bpd), while natural gas production reached 7.58 million standard cubic feet per day.
“All production, sales and financial figures are provisional and subject to reconciliation with relevant stakeholders,” the company stated.
Petrol availability at NNPC Retail Limited stations stood at 71 percent during the month, and upstream pipeline reliability was reported at 97 percent.
The company said ongoing collaborations within the oil and gas industry are strengthening efforts to boost production and optimize costs.
“AKK: Successfully completed the AKK River Niger Crossing which significantly derisked the completion of the mainline. Additional intervention being put in place to ensure earliest completion,” it noted.
“Commenced technical review of OB3 River Niger crossing to replicate learnings from AKK River Niger crossing success.”
NNPC also reported continued progress on the review and rehabilitation of the Port Harcourt, Kaduna, and Warri refineries.
Meanwhile, on July 11, Group Chief Executive Officer (GCEO) Bayo Ojulari acknowledged that the process of revamping Nigeria’s state-owned refineries has become “a bit more complicated.”