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

Global Carbon Pricing Revenue Surpasses $107 Billion in 2025 – World Bank

Nigerian Crude Oil Approaches $120 per Barrel as Middle East Tensions Escalate

CBN Unveils Revised Foreign Exchange Manual, Set to Take Effect June 1

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

World Bank Emphasizes Cash Transfers to Break Poverty Cycle in Nigeria

Global Carbon Pricing Revenue Surpasses $107 Billion in 2025 – World Bank

by Victoria Attah
May 20, 2026
0

The World Bank has reported that revenues generated from carbon pricing mechanisms worldwide exceeded $107 billion in 2025, marking another...

Oil Prices Reach $90 Following Supply Reduction by Saudi Arabia and Russia.

Nigerian Crude Oil Approaches $120 per Barrel as Middle East Tensions Escalate

by Akpan Edidong
May 20, 2026
0

Nigerian crude oil prices have climbed sharply, edging closer to the $120 per barrel mark as the conflict in the...

CBN Allows Oil Companies to Resume Dollar Sales to Banks in Effort to Boost Supply.

CBN Unveils Revised Foreign Exchange Manual, Set to Take Effect June 1

by Jide Omodele
May 18, 2026
0

The Central Bank of Nigeria (CBN) has officially launched the fourth edition of its Foreign Exchange Manual, introducing updated guidelines...

Navigating Inflation Crossroads: Nigeria’s Economic Odyssey Amidst Global Trends

Nigeria’s Inflation Edges Higher to 15.69% in April 2026

by Jide Omodele
May 18, 2026
0

Nigeria’s headline inflation rate rose for the second consecutive month, climbing to 15.69% in April 2026 from 15.38% recorded in...

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

World Bank Emphasizes Cash Transfers to Break Poverty Cycle in Nigeria

Global Carbon Pricing Revenue Surpasses $107 Billion in 2025 – World Bank

May 20, 2026
Access Bank cuts PTA and BTA to $2,000 per application.

Access Bank Has Strong FX Liquidity to Service $1bn Debt Maturity – Fitch Ratings

May 20, 2026

Popular Story

  • EIU Predicts Naira’s Decline to N1,018 per Dollar Amidst Soaring Inflation.

    Naira Depreciates 0.7% in Official Market Amid Persistent Forex Pressure

    0 shares
    Share 0 Tweet 0
  • Nigerian Crude Oil Approaches $120 per Barrel as Middle East Tensions Escalate

    0 shares
    Share 0 Tweet 0
  • Highest Yields of 2026 Delivered in Q1 as 364-Day T-Bill Hits 18.47%

    0 shares
    Share 0 Tweet 0
  • Access Bank Has Strong FX Liquidity to Service $1bn Debt Maturity – Fitch Ratings

    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

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}
?>