NNPC Revenue Jumps to N4.97tn
NNPC recorded a major increase in revenue and profit in April 2026, supported by higher crude oil production and steady gas output. The company also advanced key pipeline projects, increased government remittances, and expanded its social impact programmes across Nigeria.
The Nigerian National Petroleum Company Limited reported strong financial growth in April, driven by higher revenue, increased profit, and improved oil output.
The Nigerian National Petroleum Company Limited (NNPC) recorded a sharp rise in performance in April 2026, with NNPC revenue growth pushing monthly earnings to N4.97tn, compared with N2.77tn in March. According to the company’s April 2026 operational and financial report, this represents an increase of about 79 per cent over the previous month.
The company also posted a significant improvement in profitability. Profit after tax climbed to N481bn in April from N276bn recorded in March, reflecting an increase of approximately 74 per cent.
As part of its contribution to public finances, NNPC disclosed that it remitted N3.71tn in statutory payments to the Federal Government between January and April 2026. This figure exceeded the N2.89tn recorded during the first quarter of the year.
The report showed positive movement in upstream operations. Crude oil and condensate production rose to 1.68 million barrels per day in April, up from 1.56 million barrels per day in March. Meanwhile, natural gas production remained steady at 7.7 billion standard cubic feet per day, while gas sales averaged 4.65 bscf/d. Upstream pipeline availability stood at 79 per cent.
A key achievement highlighted in the report was the successful crossing of the OB3 River Niger pipeline segment, marking important progress in Nigeria’s gas infrastructure development. Work also continued on the Ajaokuta-Kaduna-Kano gas pipeline project. However, NNPC noted delays affecting the Trans Ramos Pipeline due to leak detection and facility integrity concerns.
Beyond its commercial activities, the NNPC Foundation maintained its social intervention efforts. The foundation commissioned three fully rehabilitated hospital wards containing 102 beds at the National Orthopaedic Hospital, Lagos, delivered humanitarian support to flood victims in Mokwa, Niger State, and provided financial literacy training to 72,657 NYSC members during April.
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