NNPC Reports N13tn Revenue with Low Profit Margin

The Nigerian National Petroleum Company Limited (NNPC) recorded a total revenue of approximately N12.996 trillion from January to April 2026, while maintaining a net profit margin of about 9.8%. The company's monthly revenue figures showed an increase from N2.571 trillion in January to N4.971 trillion in April.

However, the profit after tax for the four-month period totaled N1.278 trillion, indicating a modest profit relative to revenue. Statutory payments accounted for a significant outflow, totaling N3.714 trillion during this period.

The operational performance in the upstream sector demonstrated substantial volume, with an average daily production of approximately 1.64 million barrels in January, rising to 1.68 million barrels in April. Natural gas output remained stable, totaling around 906.158 billion standard cubic feet.

Despite challenges such as infrastructural issues and operational inefficiencies, NNPC continues to focus on improving asset reliability and resolving evacuation constraints.