NNPCL’s April revenue rises to 4.971 trillion rupees

By Obas Esiedesa, Abuja

The Nigerian National Petroleum Company Limited (NNPCL) reported a 79.23 percent rise in revenue for April 2026, with earnings increasing to N4.971 trillion from N2.774 trillion in the previous month, according to its latest monthly financial and operational report.

The state‑owned energy company also disclosed that profit after tax climbed by about 74.28 percent to N481 billion during the month under review.

The April 2026 Monthly Report Summary, released by the company on Saturday, showed improved performance across key operational indicators, especially in crude oil and condensate production.

Crude oil and condensate output rose to 1.68 million barrels per day, a 7.69 percent increase compared to March 2026.

Gas production remained largely stable at 7,730 million standard cubic feet per day, slightly lower than the 7,731 mmscf/d recorded in March.

NNPCL also reported cumulative statutory payments of N3.714 trillion between January and April 2026.

The report highlighted major infrastructure milestones achieved during the period, noting that the OB3 River Niger Crossing project has been completed—a critical gas infrastructure component expected to enhance gas supply and transmission across the country.

It further mentioned continued progress on construction and installation works on the Ajaokuta‑Kaduna‑Kano (AKK) Gas Pipeline project.

According to NNPCL, work on the AKK pipeline is aimed at achieving “early gas to Abuja” within 2026, a move expected to strengthen domestic gas utilisation and support industrial and power sector growth.

The company said the monthly report provides updates on its financial performance, operational activities and strategic initiatives aimed at improving energy security and expanding Nigeria’s gas infrastructure.

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