The Nigerian National Petroleum Company Limited revenue dropped to N4.406 trillion, while profit after tax dropped to N185 billion in July 2025.
Oil State, a state-owned oil firm, disclosed this on Thursday in its monthly report released on its X account.
Looking at the revenue for July, the amount generated dropped when compared to the N4.571 trillion recorded in June.
Similarly, PAT also declined significantly from N900 billion in June to N185 in July.
This comes as NNPCL said it has remitted N7.965 trillion to the Federation Account from January to July 2025, up from N6.961 trillion for January to May.
NNPCL said in the period under review the country’s crude oil and condensate production surged to 1.70 million barrels per day, up from 1.68 mbpd.
It stated that premium motor spirit availability in its outlets stood at 70 percent in July.
