NNPC Reports N509bn Profit in September 2026

In September 2026, the Nigerian National Petroleum Company (NNPC) Limited achieved N4.61 trillion in revenue and N509 billion in profit after tax, as detailed in its Monthly Report Summary. Total hydrocarbon production rose to 3.04 million barrels of oil equivalent per day, up from 3.01 mmboe/d in August.

This increase was primarily due to the restart of the Obodo field in Oil Mining Lease (OML) 150 and the restoration of production at other assets. Crude oil and condensate production reached 1.70 million barrels per day, while natural gas output decreased to 7,789 million standard cubic feet per day.

The report indicated that upstream pipeline availability was at 100 percent, and petrol availability at NNPC Retail Limited stations was 54 percent. Despite these gains, production was hindered by issues such as unplanned downtime, community protests, and equipment failures.

NNPC is addressing these challenges through various measures, including restoring shut-in wells and enhancing community engagement.