The Nigerian National Petroleum Company Limited (NNPC Limited) posted a strong financial performance in April 2026, with revenue climbing to N4.97 trillion, up from N2.77 trillion recorded in March.
This represents a month-on-month growth of about 79 per cent, according to the company’s April 2026 operational and financial report released on Saturday.
Profit after tax also rose significantly, increasing to N481 billion in April from N276 billion in March, reflecting a 74 per cent jump.
Between January and April 2026, the company said it remitted N3.71 trillion to the Federal Government, compared with N2.89 trillion in the previous quarter.
On production, crude oil and condensate output improved to 1.68 million barrels per day in April, up from 1.56 million barrels per day in March, indicating a modest recovery in upstream operations.
Natural gas production remained stable at 7.7 billion standard cubic feet per day, while gas sales averaged 4.65 billion standard cubic feet per day. Pipeline availability in the upstream segment stood at 79 per cent.
The company also reported progress on key infrastructure projects, including the successful OB3 River Niger pipeline crossing, as well as continued work on the Ajaokuta-Kaduna-Kano gas pipeline.
