The Nigerian National Petroleum Company Limited recorded a strong financial performance in April 2026, posting revenue of N4.97tn, a significant increase from the N2.77tn generated in March.
According to the company’s latest operational and financial report, the surge in earnings was accompanied by a rise in profitability, with profit after tax reaching N481bn in April compared to N276bn recorded the previous month.
The national oil company also disclosed that it contributed N3.71tn to the Federal Government between January and April 2026 through statutory remittances. The figure exceeds the N2.89tn remitted during the first quarter of the year.
On the production side, crude oil and condensate output improved to 1.68 million barrels per day in April, up from 1.56 million barrels per day in March, indicating a gradual recovery in upstream operations.
Natural gas production remained relatively steady at 7.7 billion standard cubic feet per day, while gas sales averaged 4.65 billion standard cubic feet daily. The report further showed that upstream pipeline availability stood at 79 per cent during the period under review.
NNPC highlighted progress on key gas infrastructure projects, noting the successful completion of the River Niger crossing segment of the OB3 gas pipeline. Work also continued on the Ajaokuta-Kaduna-Kano gas pipeline project, which is expected to strengthen gas supply across the country.
Despite the gains, the company acknowledged operational challenges, including delays affecting the Trans Ramos Pipeline project due to leak detection concerns and integrity assessments on related facilities.
Meanwhile, the NNPC Foundation expanded its social intervention programmes in April. The foundation commissioned three renovated hospital wards with a combined capacity of 102 beds at the National Orthopaedic Hospital in Lagos.
It also provided relief materials to victims of flooding in Mokwa, Niger State, and delivered financial literacy training to more than 72,000 members of the National Youth Service Corps during the month.
The report reflects continued efforts by the state-owned energy firm to improve operational efficiency, boost production, and expand investments in critical oil and gas infrastructure.
