– Remits N6.286trn to Federation
By Obas Esiedesa, Abuja
The Nigerian National Petroleum Company Limited (NNPC Ltd) generated a total revenue of N19.04 trillion in the first six months of 2026, with profit after tax (PAT) rising to N2.28 trillion, despite fluctuations in crude oil production during the period.
The figures, contained in the company’s June 2026 Monthly Financial and Operations Report released on Friday, showed that revenue increased from N2.57 trillion in January to N2.68 trillion in February and N2.77 trillion in March before surging to N4.97 trillion in April. Revenue moderated to N4.34 trillion in May but edged up to N4.39 trillion in June, bringing cumulative earnings for the six-month period to N19.04 trillion.
A similar trend was recorded in profitability. Profit after tax fell sharply from N385 billion in January to N136 billion in February before recovering to N276 billion in March.
