The Nigerian National Petroleum Company Limited recorded a remarkable increase in earnings in April 2026, posting revenue of N4.97tn compared to N2.77tn generated a month earlier.
Figures contained in the company’s latest operational update showed that profit after tax also improved significantly, rising from N276bn in March to N481bn in April.
The report further revealed that the oil giant contributed N3.71tn to the Federal Government as statutory payments between January and April this year, surpassing the amount remitted during the first quarter.
Production activities also witnessed an upward trend, with crude oil and condensate output reaching 1.68 million barrels per day in April, higher than the 1.56 million barrels recorded in March.
Natural gas production maintained steady performance at 7.7 billion standard cubic feet daily, while gas sales averaged 4.65 billion standard cubic feet per day. Pipeline availability in upstream operations stood at 79 per cent.
In the area of infrastructure, NNPC announced the completion of the River Niger crossing segment of the OB3 gas pipeline project, describing it as a major achievement for the country’s gas expansion programme. Construction work on the Ajaokuta-Kaduna-Kano gas pipeline also continued during the period.
The company, however, disclosed that technical issues involving leak detection and facility integrity slowed progress on the Trans Ramos Pipeline project.
Beyond its commercial operations, the NNPC Foundation intensified its social intervention programmes. During the month, it commissioned three refurbished wards containing 102 beds at the National Orthopaedic Hospital, Lagos.
The foundation also extended support to victims affected by flooding in Mokwa, Niger State, and provided financial literacy training to more than 72,000 corps members across the country.
