NNPCL Makes N4.22trn Statutory Transfers In 3 Months

The Nigerian Nationwide Petroleum Firm (NNPC) Restricted has recorded complete revenues of N5.89 trillion within the month of April, 2025.

In a doc titled: ‘NNPC Restricted Month-to-month Report Abstract — April 2025,’ launched on Thursday and posted on its web site, the corporate additionally declared a revenue after tax (PAT) of N748 billion for April 2025.

NNPC mentioned it made statutory transfers of N4.225 trillion within the first three months of the 12 months (January to March, 2025).

When it comes to manufacturing volumes, NNPC reported that crude oil and condensate manufacturing averaged 1.61 million barrels per day in April, whereas manufacturing figures for January, February and March had been 1.67mbpd, 1.62mbpd, and 1.56mbpd respectively.

The report acknowledged that pure gasoline manufacturing for April was 7.47 million commonplace cubic toes every day whereas figures for the primary three months of the 12 months had been January (7,120mmscf/d), February (6,615mmscf/d), and March (6,928mmscf/d).

The corporate nonetheless, identified that “All monetary figures are provisional and unaudited”.

It additionally clarified that the figures replicate solely its operations and exclude information from unbiased operators reported by the Nigerian Upstream Petroleum Regulatory Fee (NUPRC).

NNPC mentioned petrol availability at NNPC Retail Restricted stations stood at 54 per cent through the month, including that upstream pipeline availability was 97 per cent.

The report additionally gave an replace on main gasoline infrastructure updates, disclosing that the Ajaokuta-Kaduna-Kano pipeline mission was at 70 per cent completion stage whereas the Obiafu-Obrikom-Oben (OB3) gasoline pipeline mission was 95 % full.

NNPC additionally mentioned the Port Harcourt, Warri, and Kaduna refineries had been below evaluation throughout April, including that it collaborated with enterprise companions in April to boost sustainable manufacturing, and accomplished the implementation of presidential directives and govt orders related to upstream operations.

The report additionally highlighted “technical interventions on AKK and OB3 to resolve challenges of River Niger crossings”, disclosing that accomplished in a number of oil mining leases, together with OML 18, OML 58, OML 118, and OML 133.

The corporate outlined a number of key last funding selections (FIDs) scheduled for the fourth quarter of 2025, together with the “Ntokon Growth Mission (OML 102), the Crude Oil Manufacturing Growth Mission (OML 29), gasoline growth initiatives in OML 30 and OML 42, and the monetary shut of the Brass Fertilizer mission”.

The nationwide oil agency additionally highlighted the impression of NNPC Basis Public Impression Initiatives disclosing that the inspiration “empowered 531 NYSC Corps Members with solar energy starter packs, igniting a brand new technology of unpolluted vitality entrepreneurs below the NNPC/NYSC Enterprise Empowerment Initiative.

“Geared up 83 ICT trainees & 170 inventive business skills with enterprise starter kits, driving youth innovation throughout Nigeria’s digital and artistic economies.

“Restored imaginative and prescient for two,005 people by way of cataract surgical procedures within the South-East and South-South, delivering dignity, hope, and new beginnings.

“Rehabilitating three hospital wards with 100-bed capability at Nationwide Orthopaedic Hospital, lgbobi, advancing entry to high quality healthcare and saving lives.

“Commissioned STEM books and science libraries in Abuja and Lagos colleges, constructing future scientists, thinkers, and innovators from the bottom up.

“Educated 3,860 susceptible farmers in fashionable, climate-smart agriculture throughout the South-East and South-South, remodeling rural livelihoods and meals safety.”