Nigerian National Petroleum Company Limited (NNPC Ltd) recorded a revenue after tax of N539 billion for August, its newest month-to-month report exhibits.
This is a rise from the N185 billion recorded in July and a drop from the N905 billion recorded in June, which was, on the time, a drop from the N1.054 trillion recorded in Might.
The corporate, in its report abstract launched on Friday night time, highlighted key figures, together with crude oil and condensate manufacturing, pure fuel output, income, revenue after tax, and strategic initiatives through the interval.
Within the report, the state-owned oil firm posted a statutory cost of N8.86 trillion to the federation account inside the first seven months of 2025 (January-July), up from the N7.965 trillion it remitted from January to June.
The report additionally exhibits that the nationwide oil firm generated N4.65 trillion in income from oil, a rise from N4.4 trillion it recorded in July and down from N6.008 trillion it recorded in Might.
In keeping with the report, Nigeria’s crude oil and condensate manufacturing stood at 1.65 million barrels per day (bpd), barely down from July’s determine of 1.70 mbpd. Of this complete, crude oil accounted for 1.38 mbpd, whereas condensates contributed 0.26 bpd.
In the identical vein, pure fuel manufacturing was 6.94 billion normal cubic toes per day (scf/d) in August, down from 7.72 billion scf/d in July. Gasoline gross sales dropped to 4.201 bscf/d in August, from 4.978 bscf/d in July and 4.742 bscf/d in June in addition to 4.698 bscf/d in Might.
It added that the petrol availability in its retail stations nationwide was 76 per cent in August, up from 70 per cent in July, whereas the Obiafu-Obrikom-Oben Gasoline Pipeline undertaking (OB3) remained at 96 per cent completion, unmoved from the previous month, and Ajaokuta- Kaduna- Kano (AKK) pipeline hit 84 per cent completion from 83 per cent reported July.
The NNPC stated it sustained industry-wide collaboration and ramped up manufacturing put up completion of the scheduled Flip Round Upkeep (TAM) of some manufacturing services.
It added that the dip in August manufacturing was primarily as a consequence of scheduled upkeep at some upstream services, which have been aligned with Nigeria LNG’s TAM.
It famous that development actions are progressing on the AKK fuel pipeline a number of fronts to make sure accelerated supply of the mainline.
ALSO READ: NNPC Retail reviews N395.5 billion loss in 2024
The corporate stated strong geotechnical investigations are ongoing in keeping with revised execution technique in direction of guaranteeing supply assurance, including that 113 km portion of the OB3 fuel pipeline has been commissioned and is flowing about 300 mmscf/d of fuel from the next fuel producers: AHL -250 mmscf/d, Platform, Refrain & Xenergi – 50 mmscf/d.
In keeping with the report, all manufacturing, gross sales, and monetary figures are provisional and topic to reconciliation with related stakeholders.
“Displays combination of groupwide revenues together with intercompany transactions. Consists of changes to price of gross sales and revenue tax,” the report stated.
