The Nigerian National Petroleum Company Limited recorded a significant month-on-month increase in performance, with revenue rising sharply to N4.97tn in April 2026, compared with N2.77tn recorded in March.
This represents an increase of about 79 per cent in monthly revenue, according to the company’s April 2026 operational and financial report released on Saturday.
According to the report, profit after tax also rose significantly to N481bn in April, up from N276bn in March, representing an increase of about 74 per cent.
Between January and April 2026, NNPC said it remitted a total of N3.71tn in statutory payments to the Federal Government. This is an increase from N2.89tn recorded in the first three months of the year.
The report showed 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, indicating a marginal recovery in upstream output. Related News We expected riots, NGF chairman recalls anxiety over Tinubu’s subsidy removal Uzodimma rates Tinubu 100%, says administration saved Nigeria from collapse Dangote refinery slashes petrol gantry price from N1,275 to N1,250
