NNPC Reports N25.13tn Revenue, N2.55tn Profit in 2026
The Nigerian National Petroleum Company Limited (NNPC) generated a total revenue of N25.133 trillion from January to July 2026, with a Profit After Tax (PAT) of N2.553 trillion. January saw a profit of N385 billion from N2.571 trillion in revenue, while February's profit fell to N136 billion despite revenue growth to N2.680 trillion.
March's PAT recovered to N276 billion with revenue at N2.77 trillion. April experienced significant growth, with revenue nearly doubling to N4.971 trillion and PAT rising to N481 billion.
May and June maintained high revenue levels, with N4.335 trillion and N4.389 trillion in sales, respectively, and PATs of N462 billion and N535 billion. July closed with N3.087 trillion in revenue and a PAT of N279 billion.
The increase in Nigeria's oil production is attributed to improved security measures and reduced crude theft, alongside better asset management and operational stability. NNPC's contributions to the federation account reached N7.913 trillion by July.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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