The Nigerian National Petroleum Company Limited recorded a strong improvement in its financial performance in April 2026, with revenue rising significantly to N4.97 trillion from N2.77 trillion in March.
According to the company’s April 2026 operational and financial report released on Saturday, the increase represents a month-on-month revenue growth of approximately 79 per cent.
The report also showed a substantial rise in profitability, with profit after tax climbing to N481 billion in April, compared to N276 billion recorded in March.
This reflects an increase of about 74 per cent over the previous month, underscoring the company’s improved operational and financial performance.
Between January and April 2026, NNPC remitted a cumulative N3.71 trillion in statutory payments to the Federal Government, reflecting an increase from the N2.89 trillion recorded in the first quarter of the year.
The report also showed an improvement in upstream operations, with crude oil and condensate production rising to 1.68 million barrels per day in April from 1.56 million barrels per day in March.
Natural gas production remained broadly stable in April at 7.7 billion standard cubic feet per day. During the month, gas sales averaged 4.65 billion standard cubic feet per day.
The oil firm reported a significant infrastructure milestone in April with the successful crossing of the OB3 River Niger pipeline segment, marking progress in Nigeria’s broader gas infrastructure development agenda. It also noted continued advancement on the Ajaokuta-Kaduna-Kano gas pipeline project.
However, the company acknowledged operational setbacks during the period, including delays in the commencement of the Trans Ramos Pipeline, which were attributed to leak detection activities and facility integrity concerns.
Similarly, the NNPC Foundation sustained its corporate social responsibility interventions in April, commissioning three fully rehabilitated wards with 102 beds at the National Orthopaedic Hospital, Lagos on April 29.
The Foundation also provided humanitarian support to flood-affected communities in Mokwa, Niger State, and trained 72,657 members of the National Youth Service Corps in basic financial literacy over the course of the month under review.
