NNPC resumes monthly report after nearly 3 years

The Nigerian National Petroleum Company (NNPC) Limited has resumed the publication of its monthly financial and operational reports, ending a nearly three-year hiatus.

Last month, the Bayo Ojulari-led national oil company released its first NNPC Limited Monthly Report Summary in the revived series, covering performance metrics for April 2025.

The second report was also released in June, signalling a renewed commitment to transparency and public accountability in the country’s vital oil and gas sector.

Although not as concise and robust as it once was, the monthly report still covers vital data, including crude oil production figures, pipeline status, availability of refined petroleum products, NNPC Foundation public impact initiatives, and export revenues.

This marks the end of a 33-month hiatus that began in August 2022, when the state-run oil firm transitioned into a fully commercial entity under the Petroleum Industry Act (PIA).

The move is considered a significant achievement for the new leadership of the national oil company, as the state-owned firm had long resisted calls from the media and other stakeholders to resume the monthly report, which was suspended years ago without any official explanation.

Industry observers and civil society groups have welcomed the move as a positive step toward restoring transparency in a sector long criticised for opacity. However, some have called for broader reforms and independent audits to complement the reports