By Oke Peter
NNPC Limited has reported significant gains across operations, finance, and corporate reforms in its April 2025–April 2026 one-year mandate summary, highlighting a push toward efficiency, transparency, and national energy security.
The company recorded a rise in crude oil production to 1.71 million barrels per day—its highest level in five years—while the NEPL subsidiary achieved a peak output of 365,000 bpd in December 2025. In gas, production closed at 7.5 billion standard cubic feet per day, supported by major infrastructure milestones such as the completion of the AKK River Niger crossing and commissioning of the ANOH Gas Plant.
On the financial front, NNPC announced the resumption of full monthly remittances to the Federation Account, marking a return to fiscal discipline and consistency since July 2025. The firm also reinstated monthly performance reporting and held its first earnings call, signaling a shift toward greater transparency.
Strategically, the company advanced key partnerships, including progress on the OML 118 Bonga South West Aparo project and new gas commercialization agreements. It also secured crude supply arrangements for domestic refining under Nigeria’s “crude-for-naira” initiative and formalized a tripartite MoU with international partners to unlock gas resources.
