RismadarVoice Reporters
May 30, 2026
The Nigerian National Petroleum Company Limited (NNPC Ltd.) recorded a significant increase in revenue in April 2026, generating N4.97 trillion compared to N2.77 trillion recorded in March.
According to the company’s April 2026 operational and financial report, the figure represents a month-on-month revenue growth of approximately 79 per cent.
The report also showed that profit after tax rose to N481 billion in April from N276 billion in March, representing an increase of about 74 per cent.
NNPC further disclosed that between January and April 2026, it remitted a total of N3.71 trillion in statutory payments to the Federal Government, up from N2.89 trillion recorded in the first quarter of the year.
The report indicated that crude oil and condensate production increased to 1.68 million barrels per day in April from 1.56 million barrels per day in March, reflecting a modest recovery in upstream operations.
Natural gas production remained relatively stable at 7.7 billion standard cubic feet per day, while gas sales averaged 4.65 billion standard cubic feet per day. Upstream pipeline availability was recorded at 79 per cent.
NNPC stated that a major milestone was achieved during the month with the successful crossing of the OB3 River Niger pipeline segment, a development expected to strengthen Nigeria’s gas infrastructure network.
Work also continued on the Ajaokuta-Kaduna-Kano gas pipeline project.
Despite the gains, the company reported challenges, including delays in the commencement of operations on the Trans Ramos Pipeline due to leak detection and facility integrity concerns.
Meanwhile, the NNPC Foundation sustained its corporate social responsibility activities during the period.
On April 29, the foundation commissioned three fully rehabilitated hospital wards comprising 102 beds at the National Orthopaedic Hospital Lagos.
The foundation also provided humanitarian assistance to flood victims in Mokwa, Niger State, and trained 72,657 members of the National Youth Service Corps (NYSC) in basic financial literacy during the month under review.
