NNPC’s April Revenue Jumps 79% to N4.97trn, Profit Climbs to N481bn

NNPC’s April Revenue Jumps 79% to N4.97trn, Profit Climbs to N481bn

*Crude oil output rises to 1.68m bpd, gas production stable at 7.73bn scf/d

*Statutory remittances hit N3.71tn in four months

Emmanuel Addeh in Abuja

The Nigerian National Petroleum Company Limited (NNPC) recorded an improvement in its financial and operational performance in April 2026, with revenue rising by more than 79.2 per cent month-on-month to N4.971 trillion, driven largely by higher crude oil production. Specifically, data released yesterday, including the NNPC Monthly Report Summary for April 2026, showed that the national oil company raised its monthly revenue to N4.971 trillion in April, up from N2.774 trillion in March. The revenue growth was accompanied by a substantial rise in profitability, with Profit After Tax (PAT) increasing from N276 billion in March to N481 billion in April. The N205 billion increase translated into a 74.3 percent month-on-month growth, according to a THISDAY analysis.