Nigerian National Petroleum Company (NNPC) generated ₦6 trillion in revenue in May, signaling strong operational performance.
In its latest report, NNPC highlighted total remittances of ₦5.5 trillion to the Federation Account from January through April.
The May inflow reflects rising crude sales, domestic refining output, and improved oil market conditions supporting fiscal transfers.
Year‑on‑year comparisons show an increase from ₦4.8 trillion in May 2024, indicating stronger oil production and marketing performance.
Month‑to‑month revenue is also up from ₦5.2 trillion generated in April, highlighting sustained operational momentum.
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NNPC’s figures include earnings from hydrocarbon sales, gas commercialization, refined product distribution, and pipeline tariffs.
Non‑oil contributions such as gas sales and infrastructure charges also boosted revenue, underlining diversification progress.
Remittances of ₦5.5 trillion over four months support federal allocations for infrastructure, health, education, and debt servicing.
June projections suggest continued momentum as NNPC scales refinery throughput and expands gas monetization initiatives.
Analysts say rising dollar prices for crude and firming global demand are key drivers of NNPC’s monthly performance.
This revenue boost may ease fiscal strain on the federal budget, reducing reliance on external debt and deficit financing.
Monitoring April’s ₦5.5 trillion remittance figure showed consistent monthly federal inflows aligning with policy targets.
Ongoing refining independence and gas sales diversification are likely to sustain future NNPC revenue stability.
Challenges remain, including global commodity price shifts, operational costs, and regulatory headwinds amid subsidy reviews.
Still, NNPC’s performance in May and sustained remittances reflect the government’s efforts to maximize hydrocarbon revenue for national development.
