The Nigerian National Petroleum Company Limited recorded a 79.23 per cent increase in revenue in April 2026, with earnings rising to N4.971 trillion from N2.774 trillion reported in March, according to its latest monthly financial and operational report.
The state-owned energy company also posted a significant rise in profitability, with profit after tax increasing by approximately 74.28 per cent to N481 billion during the period under review.
Details contained in the April 2026 Monthly Report Summary, released by the company on Saturday, showed improved performance across several operational indicators, particularly in crude oil and condensate production.
According to the report, crude oil and condensate production climbed to 1.68 million barrels per day (mmbopd), representing a 7.69 per cent increase when compared with the production level recorded in March 2026.
Gas production remained largely unchanged during the month, standing at 7,730 million standard cubic feet per day (mmscf/d), slightly below the 7,731 mmscf/d achieved in March.
NNPCL further disclosed that it made cumulative statutory payments of N3.714 trillion between January and April 2026.
The report highlighted major infrastructure achievements recorded during the period, noting that the OB3 River Niger Crossing project had been completed. The project is regarded as a critical gas infrastructure component expected to improve gas supply and transmission across the country.
It also stated that construction and installation activities on the Ajaokuta-Kaduna-Kano Gas Pipeline project continued to make progress.
According to NNPCL, work on the AKK pipeline is geared towards achieving “early gas to Abuja” within 2026, a move expected to strengthen domestic gas utilisation and support growth in the industrial and power sectors.
The company explained that the monthly report provides updates on its financial performance, operational activities and strategic initiatives aimed at enhancing energy security and expanding Nigeria’s gas infrastructure.
