The Nigerian National Petroleum Company (NNPC) Limited has announced a statutory remittance of N6.96 trillion to the federation account within the first five months of 2025, as revealed in its Monthly Report Summary for June.

The report, accessed via the company’s dashboard, also shows that the national oil company generated N4.57 trillion in revenue from oil in June alone.

According to the June 2025 data, Nigeria’s crude oil and condensate production stood at 1.68 million barrels per day (bpd), slightly up from May’s figure of 1.63 mbpd. Of this total, crude oil accounted for 1.42 mbpd, while condensates contributed 0.26 bpd.

The figure is slightly lower from what the Nigerian Upstream Regulatory Commission (NUPRC) had provided earlier in the month, which showed that Nigeria produced 1.697 million bpd in June with oil output reaching 1.5 million bpd as against the 1.42 million bpd quoted by the NNPC .

Natural gas production reached 7,581 million standard cubic feet per day (mmscf/d), marking the highest volume since the start of the year. This translated into gas sales of 4,742 mmscf/d in June, an increase from 4,698 mmscf/d in May and significantly higher than the 3,545 mmscf/d sold in February.In terms of profitability, NNPC recorded N905 billion profit after tax in June, further consolidating its position as a key revenue earner for the Nigerian government amid fiscal pressure and ongoing economic reforms.

Crude oil and condensate sales also reflected sustained export activity, with 21.68 million barrels sold in June, down slightly from 24.77 million barrels in May but still above April’s total of 21.20 million.

The downstream operations report shows that PMS (petrol) availability at NNPC retail stations stood at 71 per cent nationwide, based on observed ‘wetness’ or supply presence.

A map visualisation indicates relatively strong fuel availability in most southern states and parts of the north-central region, with some shortfalls recorded in areas of the north-east and far north-west.Operationally, NNPC’s upstream pipeline availability was reported at 97 per cent, while the critical OB3 pipeline project achieved a 96 per cent completion milestone. The AKK (Ajaokuta–Kaduna–Kano) gas pipeline, another strategic national gas infrastructure reached 83 per cent completion, following the successful crossing of the River Niger, which had previously posed a major engineering challenge.The company notes that technical reviews of both OB3 and AKK crossings are underway to capture learnings for future pipeline projects. In the refinery space, phased reviews of the Port Harcourt Refinery (PHRC), Warri Refinery (WRPC), and Kaduna Refinery (KRPC) are said to be progressing, although no firm timeline for completion was provided.The company attributes its performance to “ongoing industry-wide collaborations increasingly improving synergies for production enhancement and cost rationalisation.”