NNPCL remits N7.96trn to federation account in H1 2025
Orisemeke Benjamin
The Nigerian National Petroleum Company Limited (NNPC) disclosed on that it remitted N7.966 trillion to the Federation Account between January to June 2025.
The Federation Accounts Allocation Committee (FAAC) shared the record sum of N2 trillion to the Federal, States and Local Government Councils as July allocation.
In its Monthly Report Summary for July 2025, released on Thursday night, the company stated that it recorded a profit after tax of N905 billion was recorded for June compared to the N1.054 trillion recorded in May.
The company said that its July revenue stood at N4.4 trillion, while Profit After Tax (PAT) stood at N185 billion.
According to NNPCL in the report, the country’s crude oil and condensate rose to 1.70 million barrels per day in July.
While crude oil accounted for 1.4 million bpd of this production figure, condensate contributed 290,000 bpd in the month under review.
The company also noted that natural gas output increased, rising to 7,722 million standard cubic feet per day (mmscf/d) in July from 7,581 mmscf/d in June 2025.
Gas sales climbed to 4,978 mmscf/d against 4,742 mmscf/d in June, while crude oil and condensate sales advanced to 25.49 million barrels, up from 21.68 million barrels.
On the Ajaokuta-Kaduna- Kano (AKK) Gas Pipeline, the company stated that additional subcontractors have been deployed to expedite completion of mainline works and fast-track project completion.
The company stated that it had commenced implementation of a revised execution strategy on the Obiafu-Obrikom-Oben (OB3) Gas Pipeline, which aims to expedited completion of the OB3 River Niger crossing.
It added that the 113km portion of the OB3 Gas Pipeline has been commissioned and is flowing about 300mmscf/d of gas from two gas producers: AHL 250 mmscf/d and Platform, Chorus, and Xenergi – 50 mmscf/d.
The report noted that the company aims to “Sustain crude oil and condensate production, improve uptime of production facilities, continue stakeholders’ collaboration and operational efficiency” in the coming months.
