The Nigerian National Petroleum Company Limited generated N20.9tn between April and July 2025.
This came as petroleum marketers urged the national oil firm to fast-track the revamp of the Port Harcourt, Warri, and Kaduna refineries, as it’s now generating trillions of naira.
Dealers under the aegis of the Independent Petroleum Marketers Association of Nigeria on Monday urged NNPC to get the country’s refineries working.
Still, they emphasised that this must be done with zero tolerance for corruption. NNPC also remitted N7.97tn to the federation account as statutory payments between January and June. NNPC announced these in its monthly reports for April, May, June, and July.
Recall that the new Group Chief Executive Officer of NNPC, Bayo Ojulari, started the release of the company’s monthly reports, giving summaries of its financial and operational activities each month.
For April, NNPC announced that it generated N5.9tn. It also disclosed that N4.23tn was remitted to the federation account in the first quarter of the year.
