By Our Correspondent
National News – The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported a sharp rise in revenue to N4.97tn in April 2026, according to its operational and financial report released on Saturday, May 31, 2026.
The performance reflects improved upstream output and stronger gas operations across Nigeria’s oil and gas sector.
It said revenue increased from N2.77tn in March to N4.97tn in April, representing about 79 per cent growth, while profit after tax rose to N481bn from N276bn, showing 74 per cent improvement.
Between January and April 2026, NNPC remitted N3.71tn to the Federal Government, compared with N2.89tn recorded in the first quarter, indicating stronger statutory contributions.
Crude oil and condensate production rose to 1.68 million barrels per day in April from 1.56 mbpd in March, while natural gas output remained stable at 7.7 billion standard cubic feet per day, with gas sales averaging 4.65 bscf/d.
Infrastructure progress included the OB3 River Niger pipeline crossing and continued advancement on the Ajaokuta-Kaduna-Kano (AKK) gas pipeline, although the Trans Ramos Pipeline faced delays due to integrity checks.
The report highlighted CSR initiatives such as hospital rehabilitation in Lagos and flood relief support in Niger State, alongside financial literacy training for NYSC members.
NNPC April 2026 performance highlights strong recovery momentum in Nigeria’s oil and gas sector, driven by production gains, gas expansion, and infrastructure development growth continues trend.
