NNPC Ltd. records a profit of N481 billion

The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it has recorded a profit after tax (PAT) of N481 billion for April 2026.
The development represented a sharp jump from the $276 billion recorded in March, the company said in the summary of its April monthly report, published on its X handle.
The company said its crude oil and condensate production rose to 1.68 million barrels per day (mmbopd) in April, an increase of 7.69% from the March production level.
NNPC Ltd said oil revenue reached NAT4.971 trillion for the month, compared to NAT2.770 trillion recorded in March 2026, an increase of 79.23%.
The report indicates that gas production remained essentially stable at 7,730 million standard cubic feet per day (mmscf/d), compared to 7,731 mmscf/d recorded in March.
It added that cumulative statutory payments for the period January to April 2026 amounted to N3.714 trillion.
The company highlighted the successful completion of the OB3 Niger River crossing project as one of the major milestones of the period.
He also noted continued progress in construction and installation activities along the Ajaokuta-Kaduna-Kano (AKK) pipeline mainline, aimed at achieving an early delivery of gas to Abuja in 2026.
The report further outlines strategic initiatives undertaken during the month aimed at strengthening Nigeria’s energy infrastructure to improve operational performance.