NNPC Reports N1.74tn Profit, N17.33tn Revenue in 2026

The Nigerian National Petroleum Company Limited (NNPC) recorded a profit of N1.74 trillion and total revenue of N17.33 trillion from January to May 2026. During this period, NNPC made statutory payments to the federal account amounting to N4.858 trillion.

The revenue figures for each month showed a progressive increase, with January at N2.571 trillion and a peak in April at N4.971 trillion, before moderating to N4.335 trillion in May. Profit tax fluctuated, with a notable recovery in March at N276 billion after a dip in February.

Crude oil production increased from 1.64 million barrels per day in January to 1.73 million barrels per day in May, significantly impacting revenue. The rise in international crude oil prices, which exceeded $120 per barrel in April, contributed to NNPC's improved financial position.

Additionally, gas sales showed steady growth, and infrastructure projects like the Ajaokuta-Kaduna-Kano gas pipeline progressed to 94% completion.