NNPC sees sharp profit rise as revenue jumps
Nigerian National Petroleum Company Limited (NNPC) has reported a substantial increase in both revenue and profit. The company’s revenue surged to N4.97tn in April 2026, up from N2.77tn in March, according to its operational and financial report. Profit after tax also rose significantly, reaching N481bn in April. The report highlights improvements in crude oil production and major infrastructure achievements during the period.
TLDR
- NNPC’s revenue jumped to N4.97tn in April 2026, a 79% increase from March.
- Profit after tax rose to N481bn in April, up from N276bn in March.
- Statutory payments to the Federal Government totaled N3.71tn between January and April 2026.
- Crude oil production increased to 1.68 million barrels per day in April.
- The company achieved a key milestone with the OB3 River Niger pipeline crossing and commissioned rehabilitated hospital wards on April 29.
