Nigerian National Petroleum Company Limited Logo. Photo: NNPC
The Nigerian National Petroleum Company Limited increased its profit after tax by 15.8 per cent to N535bn in June 2026 despite recording a marginal decline in crude oil and condensate production during the month.
The latest Monthly Financial and Operations Report released by the national oil company showed that profit after tax rose by N73bn from the N462bn recorded in May, while revenue increased to N4.389tn.
The report, obtained by our correspondent on Friday, also showed that the company remitted cumulative statutory payments of N6.286tn to the Federation between January and June 2026.
It read, “NNPC Limited recorded N535bn profit after tax for the month of June, representing a 15.8 per cent increase from the N462bn recorded in May. Total revenue for the month stood at N4.389tn, while cumulative statutory payments to the Federation for the period January to June 2026 increased to N6.286tn, underscoring NNPC Limited’s sustained contribution to national revenue generation.”
