The Nigerian National Petroleum Company Limited has recorded a significant month-on-month surge in performance, with revenue climbing sharply to N4.97tn in April 2026, compared to N2.77tn posted 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 substantially to N481bn in April, up from N276bn in March, a jump of approximately 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 up from N2.89tn recorded for the first three months of the year.
The report stated that crude oil and condensate production increased to 1.68 million barrels per day in April from 1.56 mbpd in March, indicating a marginal recovery in upstream output.
Natural gas production remained largely stable at 7.7 billion standard cubic feet per day in April. Gas sales averaged 4.65 bscf/d, while upstream pipeline availability stood at 79 per cent. Related News Personal loans hit N1.96tn as consumer credit grows Falling crude prices trigger Dangote petrol cost reduction Tinubu kept subsidy removal plan top secret to avoid persuasion – Shettima
