The Nigerian National Petroleum Company (NNPC) Limited has reported a steady crude oil and condensate production level for April 2025, signaling operational stability despite sector-wide challenges.
In its newly released monthly operational and financial report, NNPC disclosed that Nigeria maintained an average daily production of approximately 1.61 million barrels of oil per day (mmbopd). Production volumes during the month fluctuated slightly, ranging from 1.61 to 1.67 mmbopd.
The company attributed the consistent output to ongoing efforts aimed at optimizing production and maintaining Nigeria’s competitiveness in the global oil market. The report emphasized that despite existing infrastructure constraints and security issues in the Niger Delta, NNPC remains committed to sustaining production targets and enhancing transparency across its operations.
Industry observers have welcomed the report as a positive signal for Nigeria’s economy, given the country’s continued dependence on oil revenues. Analysts noted that the April figures align closely with trends from previous months, underscoring a level of predictability in Nigeria’s upstream sector.
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The release of the April summary forms part of NNPC Limited’s broader transparency and accountability initiative, which aims to provide stakeholders with regular insights into the nation’s oil and gas sector performance.
Meanwhile, the Federal Government has responded to recent media reports regarding a potential forward sale of crude oil by NNPC Limited. In a statement, the government clarified that while discussions around innovative financing and reform strategies are ongoing, no final decision has been made.
“Commentary suggesting the collapse of any such initiative is unfounded,” the statement said, reaffirming the government’s commitment to pursuing transparent and fiscally responsible strategies to optimize Nigeria’s oil assets, enhance external liquidity, and support macroeconomic stability.
Further disclosures from NNPC on its April 2025 operational and financial metrics are expected in the coming weeks.
