NNPC revenue hit N4.97tn in April

The Nigerian National Petroleum Company Limited (NNPC) demonstrated a robust financial performance in April 2026, with its revenue experiencing a substantial month-on-month increase. The company's revenue climbed to N4.97 trillion, a significant jump from the N2.77 trillion recorded in March, marking an impressive 79% rise. This surge in revenue was accompanied by a corresponding increase in profitability, with profit after tax escalating by 74% to N481 billion in April, up from N276 billion in the preceding month.

From January to April 2026, NNPC remitted a total of N3.71 trillion in statutory payments to the Federal Government, surpassing the N2.89 trillion paid in the first three months of the year. The company's operational report for April also indicated a marginal recovery in upstream output, with crude oil and condensate production increasing to 1.68 million barrels per day from 1.56 million barrels per day in March. Natural gas production remained stable at 7.7 billion standard cubic feet per day, with gas sales averaging 4.65 billion standard cubic feet per day and upstream pipeline availability at 79%.

In terms of infrastructure development, NNPC achieved a significant milestone in April by successfully crossing the OB3 River Niger pipeline segment, a crucial step in advancing Nigeria's gas infrastructure goals. Progress also continued on the Ajaokuta-Kaduna-Kano gas pipeline project. However, the company noted challenges, including delays in the start-up of the Trans Ramos Pipeline due to leak detection and facility integrity issues.

Beyond its core operations, the NNPC Foundation continued its corporate social responsibility efforts. In April, it commissioned three rehabilitated wards with 102 beds at the National Orthopaedic Hospital in Lagos. The foundation also provided humanitarian aid to flood victims in Mokwa, Niger State, and conducted financial literacy training for 72,657 National Youth Service Corps members.