The Nigerian National Petroleum Company Limited (NNPCL) says it generated a total revenue of N4.571tn in June 2025, sustaining its upward earnings momentum.
According to the latest data from the NNPCL, crude oil and gas production recorded notable increases with daily crude oil and condensate production rising to 1.68 million barrels per day, the highest since January.
The report, which was released on Monday in Abuja, showed a robust performance in gas output, with natural gas production hitting 7.581 billion standard cubic feet per day (scf/d) in June, up from 7.352bn scf/d in May and 6.615bn scf/d in February, indicating a sustained recovery in Nigeria’s gas sector.
The breakdown of key metrics showed that NNPC posted N905bn in profit after tax for the period, while cumulative statutory payments to the Federation Account from January to May stood at N6.961tn, reinforcing the firm’s critical role in national revenue generation.
The June figures represent the strongest crude and condensate production in five months, peaking at 1.68mbpd, up from 1.63mbpd in May and 1.61mbpd in April. Of this, crude oil accounted for 1.42mbpd, while condensate made up 0.26mbpd.
In terms of crude oil and condensate sales, however, June saw a slight drop to 21.68 million barrels, from 24.77 million barrels in May. February still recorded the highest sales volume of 25.31 million barrels this year.
The gas sector showed continued growth, with total gas production rising from 7.352bn scf/d in May to 7.581bn scf/d in June. Daily gas sales also increased to 4.742bn scf/d in June, from 4.698bn in May and 3.545bn in February.
According to the report by Punch newspaper on Tuesday, this development is attributed to the improved performance of critical pipeline infrastructure and progress on major projects like the Ajaokuta-Kaduna-Kano pipeline, which reached 83 per cent completion.
“We have completed the River Niger crossing on the AKK pipeline, which was one of the most challenging segments. This has significantly de-risked the rest of the construction,” NNPC said in its strategic update.
Pipeline availability across the upstream network stood at 97 per cent, according to the report, reflecting reduced downtime from vandalism and sabotage.
Petrol availability across NNPC Retail Limited stations stood at 71 per cent, indicating lingering distribution challenges. However, internal performance maps show stronger “wetness” (fuel availability) across the North Central, South-South, and North West zones.
GIK/APA