The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced that it remitted N6.96 trillion to the Federation Account in the first five months of 2025. According to its June Monthly Report Summary released on Monday, NNPC recorded a Profit After Tax (PAT) of N905 billion for June 2025 — a decline from the N1.054 trillion posted in May. Despite the dip in monthly profit, the report confirmed a cumulative statutory remittance of N6.961 trillion between January and May 2025, up from N5.583 trillion recorded as of April. The report also highlighted a steady recovery in upstream operations, with daily crude oil and condensate production reaching 1.68 million barrels per day (bpd) — the highest level since January. NNPC’s revenue for June stood at N4.571 trillion, down from N6.008 trillion in May, reflecting volatility in the global oil market. “Crude oil and condensate production increased slightly, rising from 1.629 million bpd in May to 1.68 million bpd in June. “Natural gas production also rose to 7.581 billion standard cubic feet per day (scf/d) in June, up from 7.352 billion scf/d in May, indicating a steady recovery in output,” the report indicated. According to the report, fuel availability improved as well, with petrol availability at NNPC retail stations increasing to 71 per cent in June from 62 per cent in May. It further revealed that the completion of critical gas infrastructure projects showed progress: the Ajaokuta–Kaduna–Kano (AKK) pipeline moved to 83 per cent completion from 81 per cent, while the OB3 pipeline remained at 96 per cent completion. “Upstream pipeline availability slightly dipped from 98 per cent in May to 97 per cent in June,” it added. The report also emphasized ongoing strategic and technical initiatives, notably the successful completion of the AKK River Niger crossing, which has significantly reduced risks associated with the pipeline’s delivery. It noted that a technical review of the OB3 River Niger crossing is underway, leveraging insights gained from the AKK project. Reviews of the Port Harcourt, Warri, and Kaduna refineries are still in progress. On its Corporate Social Responsibility efforts, NNPC stated that it conducted a Financial Literacy Programme in June for over 67,000 NYSC members nationwide, bringing the total number of participants trained under the initiative to 870,383. The report clarified that all production, sales, and financial figures are provisional, pending reconciliation with relevant stakeholders. It concluded by affirming NNPC Ltd.’s sustained contribution as a vital revenue source for the Nigerian government amid fiscal challenges and ongoing economic reforms.