The Nigerian National Petroleum Company Limited (NNPC) said its revenue rose sharply to 4.97 trillion naira ($3.1 billion) in April 2026 from 2.77 trillion naira in March, marking a 79% month-on-month increase, according to its latest operational and financial report released on Saturday.
Profit after tax increased to 481 billion naira in April from 276 billion naira the previous month, representing a 74% rise. The state-owned oil company said it remitted a total of 3.71 trillion naira in statutory payments to the federal government between January and April, up from 2.89 trillion naira recorded in the first quarter of the year.
Crude oil and condensate production rose to 1.68 million barrels per day in April from 1.56 million barrels per day in March, indicating a modest recovery in upstream output.
Natural gas production remained stable at 7.7 billion standard cubic feet per day, while gas sales averaged 4.65 billion standard cubic feet per day. Upstream pipeline availability stood at 79%.
NNPC said it achieved a key infrastructure milestone during the month with the successful crossing of the OB3 River Niger pipeline segment, while work continued on the Ajaokuta-Kaduna-Kano gas pipeline project.
The company, however, reported delays in the planned start-up of the Trans Ramos Pipeline due to leak detection and facility integrity concerns.
Separately, the NNPC Foundation said it commissioned three rehabilitated hospital wards with a combined capacity of 102 beds at the National Orthopaedic Hospital in Lagos on April 29. It stated that it also provided humanitarian assistance to flood victims in Mokwa, Niger State, and trained 72,657 National Youth Service Corps members in financial literacy during the month.