NNPC Reports 79% Revenue Increase to N4.97 Trillion

The Nigerian National Petroleum Company Limited (NNPC) reported a significant financial improvement in April 2026, with revenues rising by 79.2% to N4.97 trillion, compared to N2.77 trillion in March. This revenue growth was accompanied by a profit after tax increase from N205 billion in March to N481 billion in April, marking a 74.3% month-on-month growth.

The report indicated that total statutory payments to the federal government also rose, climbing from N2.88 trillion in March to N3.71 trillion in April, an increase of N826 billion or 28.6%. NNPC's average daily crude oil production improved to 1.68 million barrels per day from 1.56 million barrels per day in March, reflecting a 7.7% increase.

Despite operational challenges, including delays in restarting the Trans Niger Pipeline, the company reported that gas production remained stable. Additionally, the report noted a decline in petrol availability at NNPC retail stations nationwide.