The Nigerian Nationwide Petroleum Firm Restricted (NNPCL) has reported income of N4.406 trillion in July 2025, a slight dip in comparison with N4.571 trillion in June.
That is in accordance with the not too long ago launched NNPC Restricted Month-to-month Report Abstract- July 2025.
The corporate additionally posted a steep 79.6 per cent drop in revenue after tax (PAT), sliding to N185 billion in July 2025 from N905 billion in June, its newest month-to-month {financial} and operational report reveals.
Between January and June, statutory funds to the federation amounted to N7.97 trillion, underlining NNPC’s function because the nation’s main income supply.
“All manufacturing, gross sales, and {financial} figures are provisional and topic to reconciliation with related stakeholders,” NNPC famous.
The NNPCL report famous additional that it goals to “Maintain crude oil and condensate manufacturing, enhance uptime of manufacturing amenities, proceed stakeholders’ collaboration and operational effectivity” within the coming months.
On the Ajaokuta- Kaduna- Kano (AKK) Gasoline Pipeline, the NNPCL acknowledged that further subcontractors have been deployed to expedite completion of mainline works and fast-track challenge completion.
On the Obiafu-Obrikom- Oben (OB3) Gasoline Pipeline, the corporate acknowledged that it had commenced implementation of a revised execution technique in the direction of expedited completion of the OB3 River Niger Crossing.
It added that the 113km portion of the OB3 Gasoline Pipeline has been commissioned and is flowing about 300mmscf/d of fuel from two fuel producers: AHL 250 mmscf/d and Platform, Refrain, and Xenergi – 50 mmscf/d.
