The Nigerian National Petroleum Company Limited recorded a significant month-on-month increase in performance, with revenue rising sharply to N4.97tn in April 2026, compared with N2.77tn recorded 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 significantly to N481bn in April, up from N276bn in March, representing an increase of about 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 an increase from N2.89tn recorded in the first three months of the year.
The report showed that crude oil and condensate production increased to 1.68 million barrels per day in April from 1.56 million barrels per day 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 billion standard cubic feet per day, while upstream pipeline availability stood at 79 per cent.
The oil firm stated that it achieved a major infrastructure milestone in April with the successful crossing of the OB3 River Niger pipeline segment, advancing Nigeria’s gas infrastructure goals. Progress also continued on the Ajaokuta-Kaduna-Kano gas pipeline project.
However, NNPC noted some challenges, including delays in the start-up of the Trans Ramos Pipeline due to leak detection and facility integrity issues.
Similarly, the NNPC Foundation sustained its corporate social responsibility drive in April. It commissioned three fully rehabilitated wards with 102 beds at the National Orthopaedic Hospital, Lagos, on April 29.
The foundation also said it delivered humanitarian aid to flood victims in Mokwa, Niger State, and trained 72,657 NYSC members in basic financial literacy during the month under review.
Dare Olawin is a journalist at Punch Newspapers with over a decade of reporting experience. He began his career as a community reporter and now covers the energy sector, including oil, gas, electricity, and renewables. Dare’s work reflects hands-on newsroom experience, professional development through workshops and conferences, and a strong commitment to accurate and insightful journalism.
