NNPC Reports Strong Performance: Remits N6.96 Trillion, Declares N905 Billion June Profit
NNPC Strengthens National Treasury With Massive Remittances The Nigerian National Petroleum Company (NNPC) has reinforced its role as Nigeria's economic backbone, announcing: 💰 N6.96 trillion remitted to Federation Account (Jan-May 2025)📈 N905 billion June profit despite global oil market volatility Key financial highlights:✔ 24.7% increase in 5-month remittances vs Jan-April period✔ N4.57 trillion June revenue✔ 71% petrol availability at NNPC stations (up from 62%) Production & Infrastructure Milestones Operational Highlights:🛢️ Crude output: 1.68mbpd (6-month high)🔥 Gas production: 7.58B scf/d (up from 7.35B in May)🏗️ AKK Pipeline: 83% complete after River Niger breakthrough Refinery Updates:🔧 Port Harcourt, Warri, Kaduna plants under rehabilitation⚙️ OB3 gas pipeline at 96% completion Why These Results Matter ✅ Economic Stability: Sustained revenue flow supports national budget✅ Energy Security: Improved petrol distribution nationwide✅ Future Growth: Gas infrastructure to power industrialization "These figures demonstrate our commitment to Nigeria's development despite market challenges," NNPC stated in its report. Corporate Social Impact 📚 Financial Literacy: Trained 67,000 NYSC members in June (870,383 total)🌍 Community Development: Ongoing initiatives across all […]
