The Nigerian National Petroleum Company Limited has recorded N6.008 trillion oil revenue for May 2025, a slight rise from N5.972 trillion naira recorded in April, amid improved crude oil and condensate production.
According to the latest monthly report summary released by the national oil company on Monday, profit after tax rose by 14 per cent to N1.054 trillion in May, up from N926 billion naira in April.
Crude oil and condensate production climbed to 1.63 million barrels per day in May from 1.61 million barrels per day in April, maintaining a steady recovery trend.
The production peak for the month reached 1.72 million barrels per day.
A breakdown shows that crude oil output remained flat at 1.535 million barrels per day while condensate volumes recovered slightly to 0.28 million barrels per day in May from 0.26 million barrels per day in April.
However, downstream performance declined. According to the internal report, fuel availability at NNPC Retail Limited stations dropped to 62 per cent in May, compared to 70 per cent in April.
