RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economy

Nigeria’s Gas Output Rises to 7.58 Billion SCF/D in June 2025, NNPCL Reports

Victoria Attah by Victoria Attah
July 22, 2025
in Economy
Reading Time: 1 min read
A A
0
Oil Prices Reach $90 Following Supply Reduction by Saudi Arabia and Russia.
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Nigeria’s gas production increased to 7.581 billion standard cubic feet per day (bscf/d) in June 2025, up from 7.352 bscf/d in May, according to the Nigerian National Petroleum Company Limited (NNPCL). The company’s latest performance report also noted a rise in gas sales, reaching 4.742 billion mmscfd in June from 4.698 billion mmscfd in May.

Despite a decline in crude oil and condensate sales to 21.68 million barrels in June from 24.77 million in May, the downstream sector showed improvement, with fuel availability at NNPC Retail Limited stations rising to 71% from 62%. The NNPCL highlighted ongoing industry collaborations aimed at enhancing production and reducing costs.

AlsoRead

Dangote Refinery Opens Direct Petrol Sales to All Marketers, Cuts Price to N1,075 per Litre

Tinubu Administration Secures $11.4 Billion in World Bank Loans Within Three Years

FG Plans Massive N5.8 Trillion Treasury Bills Issuance in Q3 2026

The report detailed progress on infrastructure projects, including the completion of the AKK River Niger Crossing, which has reduced risks for the mainline’s completion. The NNPCL is also reviewing the OB3 River Niger crossing to apply lessons from the AKK success, while assessments of the Port Harcourt, Warri, and Kaduna refineries continue.

Financially, the NNPCL reported a robust N4.571 trillion in revenue for June 2025, with a profit after tax of N905 billion. From January to May, the company contributed N6.961 trillion in statutory payments to the Federation, underscoring its vital role in Nigeria’s revenue stream.

On the social front, the NNPC Foundation’s Financial Literacy Programme reached 67,544 NYSC corps members in June, bringing the total trained to 870,383 nationwide. This initiative reflects the company’s commitment to community development alongside its operational achievements.

The June figures mark a recovery from May, when gas production slightly declined to 7.352 bscf/d from 7.354 bscf/d in April, and gas sales fell to 4.185 billion mmscfd from 4.240 billion mmscfd. May’s revenue, however, was strong at N6.008 trillion, up from N5.972 trillion in April. The NNPCL’s efforts to boost production and streamline operations signal a positive outlook for Nigeria’s energy sector.

Tags: NNCPL
Previous Post

Nigeria’s Rebased GDP Reaches N372.82 Trillion in 2024, NBS Reports

Next Post

High Interest Rates Outweigh Insecurity, Power Issues as Top Business Concern – CBN

Related News

Dangote Refinery Opens Direct Petrol Sales to All Marketers, Cuts Price to N1,075 per Litre

by Akpan Edidong
July 6, 2026
0

(petrol) to all licensed marketers, scrapping its previous consortium arrangement. The refinery also announced a fresh reduction in its ex-gantry...

President Tinubu’s Executive Orders Set to Boost Liquidity in Nigeria’s Forex Market

Tinubu Administration Secures $11.4 Billion in World Bank Loans Within Three Years

by Victoria Attah
July 6, 2026
0

The administration of President Bola Tinubu has secured $11.40 billion in loan approvals from the World Bank since taking office...

FG Records N13.33bn Revenue Shortfall from Gas Flaring Penalties

FG Plans Massive N5.8 Trillion Treasury Bills Issuance in Q3 2026

by Rate Captain
July 3, 2026
0

The Central Bank of Nigeria (CBN) has rolled out an ambitious plan to raise N5.8 trillion through Treasury Bills in...

Dangote Bounces Back, Gains N313.2 Billion in 24 Hours Following Stock Losses

Dangote Refinery Cuts Petrol Price by Another N50 to N1,075 per Litre

by Akpan Edidong
July 3, 2026
0

Dangote Petroleum Refinery has further reduced the ex-gantry price of Premium Motor Spirit (petrol) by N50 per litre, bringing the...

Next Post
CBN – FG incurred N930.8bn Fiscal Deficit in January and February 2023.

High Interest Rates Outweigh Insecurity, Power Issues as Top Business Concern – CBN

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Nigeria’s Stock Market Records N1.81 Trillion Gain in July.

FX Market Turnover Surges to $3.05 Billion, Highest in Three Months

July 8, 2026
Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Naira Weakens to N1,410 in Parallel Market as Summer Travel Demand Intensifies

July 8, 2026

Popular Story

  • APM Terminals Celebrates 17th Anniversary of Port Concession Agreement.

    APM Terminals Celebrates 17th Anniversary of Port Concession Agreement.

    0 shares
    Share 0 Tweet 0
  • CBN Revokes Licences of 46 Microfinance Banks in Major Regulatory Sweep

    0 shares
    Share 0 Tweet 0
  • 31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows

    0 shares
    Share 0 Tweet 0
  • MainOne Graduate Trainee Program now open to Nigerian applicants.

    0 shares
    Share 0 Tweet 0
  • DMO Launches July FGN Savings Bonds at Record 15.716% Interest Rate

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>