The Nigerian National Petroleum Company Limited (NNPCL) has announced a profit after tax (PAT) of N905 billion for the month of June 2025, according to its Monthly Report Summary released Monday night in Abuja. This represents a decline from the N1.054 trillion profit recorded in May.

Despite the month-on-month drop in profit, the state-owned oil company disclosed that it remitted a total of N6.961 trillion to the Federation Account between January and May 2025, up from the N5.583 trillion remitted as of April.

The report shows a modest recovery in upstream activities, with daily crude oil and condensate production rising to 1.68 million barrels per day (bpd) in June—the highest output level since January. This is an increase from the 1.629 million bpd recorded in May.

Revenue also dipped, standing at N4.571 trillion in June, down from N6.008 trillion the previous month, reflecting ongoing volatility in global oil markets. However, natural gas output rose slightly to 7.581 billion standard cubic feet per day in June, up from 7.352 billion in May, signaling continued recovery in overall production levels.

NNPCL also reported improved fuel availability at its retail stations, with petrol availability increasing from 62 percent in May to 71 percent in June.

In terms of infrastructure, the Ajaokuta–Kaduna–Kano (AKK) gas pipeline project reached 83 percent completion in June, up from 81 percent in May. The OB3 pipeline project maintained its 96 percent completion rate. However, upstream pipeline availability dipped slightly to 97 percent, down from 98 percent in May.

The company noted a major milestone in the successful crossing of the AKK River Niger segment, which has significantly de-risked the overall project. A technical review of the OB3 River Niger crossing is now underway to apply lessons learned from the AKK’s progress. Rehabilitation reviews of the Port Harcourt, Warri, and Kaduna refineries are also ongoing.

On the corporate social responsibility front, NNPCL conducted a financial literacy programme for more than 67,000 members of the National Youth Service Corps (NYSC) in June, bringing the total number of beneficiaries trained under the initiative to 870,383.

The June performance underlines NNPCL’s continued significance as a leading contributor to Nigeria’s public finances, amid fiscal challenges and ongoing structural reforms.