The Nigerian National Petroleum Company Ltd(NNPCL) has released a summary of its monthly Performance report for the month of April, 2025.
This development is coming barely two months after Bayo Ojulari tool over the leadership position of the NNPCL as the firm’s Group Chief Executive Officer(GCEO).
The company, in its report, claimed that it has made a revenue of N5.89 trillion in the period under review.
NNPCL disclosed this in a monthly report summary released through its X account on Thursday.
While giving a break down of the revenue, the company said it recorded a Profit After Tax, PAT, of N748 billion, with crude oil and condensate production at 1,606 barrels per day, while natural gas production stood at 7,473 million standard cubic feet per day.
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According to the report, NNPCL made statutory payments amounting to N4.225 trillion between January and March 2025.
Similarly, NNPCL reported that the Obiafu-Obrikom-Oben Gas Pipeline (OB3) and the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline are 90 per cent and 70 per cent completed, respectively.
It added that petrol availability in its retail stations nationwide stood at 54 per cent, while upstream pipeline availability was 97 per cent as of April 2025.
This move by the NNPCL is believes to substantially different from what was the method of operations prior to the appointment of Ojulari which attracted criticisms from Nigerians.
The state-owned oil company had been criticised for making its operations to be shrouded in secrecy in the past.
Nigerians had, on several occasions, described this as “opacity” while condemning the delay in the release of performance report, that is if made public at all.
