The Nigerian National Petroleum Company Limited (NNPC Ltd) recorded a 54.5 per cent increase in profit after tax in August 2026, rising to ₦431 billion from ₦279 billion in the preceding month, reflecting improved financial performance during the period.
The figures were contained in the company’s monthly operations and financial report for August 2026, which also showed growth in revenue, increased statutory payments and continued progress on critical gas infrastructure projects.
According to the report, NNPC Ltd generated revenue of ₦3.74 trillion in August, up from ₦3.09 trillion recorded in July, indicating stronger earnings during the month.
The company also reported a significant increase in cumulative statutory payments to the government, which rose by 19.89 per cent from ₦7.91 trillion for January to July to ₦9.49 trillion for the January–August period.
The increase highlights NNPC Ltd’s continued contribution to government revenue through statutory remittances, amid efforts to strengthen the performance of Nigeria’s oil and gas sector.
On production, the report put average crude oil output at 1.69 million barrels per day, while natural gas production stood at 7,680 million standard cubic feet per day during the period.
The figures underscore the importance of sustaining production levels to support revenue generation, domestic energy supply and the country’s broader energy security objectives.
On infrastructure, NNPC Ltd reported 100 per cent availability of its upstream pipelines, indicating full availability of the pipeline network covered by the report.
The company also provided updates on two major gas infrastructure projects, stating that the Obiafu-Obrikom-Oben (OB3) Gas Pipeline had reached 100 per cent completion, while the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline was 95 per cent complete.
The OB3 and AKK pipelines are strategic components of Nigeria’s gas infrastructure development, intended to improve gas transportation capacity and support domestic utilisation across power generation, industrial production and other sectors.
The latest financial and operational figures provide an update on NNPC Ltd’s performance as the company pursues improved profitability, sustained hydrocarbon production, increased government revenue contributions and the expansion of critical energy infrastructure.
