Nigeria’s national oil company, the Nigerian National Petroleum Company Limited (NNPC), recorded a major rise in earnings in April 2026, showing stronger performance compared to the previous month.
According to the company’s latest operational and financial report released on Saturday, NNPC generated N4.97 trillionin revenue in April. This is a sharp increase from the N2.77 trillion it posted in March.
The increase represents about 79 percent growth in just one month, showing improved business activity across the company’s operations.
NNPC’s profit also rose strongly during the same period. The report showed that profit after tax reached N481 billion in April, compared with N276 billion in March. This means profit increased by roughly 74 percent month-on-month.
The company also revealed that it made significant contributions to government earnings. Between January and April 2026, NNPC said it paid N3.71 trillion in statutory remittances to the Federal Government. This is higher than the N2.89 trillion recorded in the first quarter of the year.
On the production side, crude oil and condensate output improved slightly. Production climbed to 1.68 million barrels per day in April from 1.56 million barrels per day in March. The increase points to gradual recovery in Nigeria’s oil production activities.
Natural gas production remained stable during the month. NNPC reported output of 7.7 billion standard cubic feet per day, while gas sales averaged 4.65 billion standard cubic feet per day. Upstream pipeline availability was recorded at 79 percent.
The company also highlighted progress in major gas infrastructure projects. One of the biggest achievements in April was the successful completion of the OB3 River Niger pipeline crossing. NNPC described this as an important step toward improving Nigeria’s gas transportation network.
Work also continued on the Ajaokuta–Kaduna–Kano gas pipeline, another major project expected to expand gas supply across the country.
Despite the positive performance, NNPC said some challenges remain. It noted that the planned start-up of the Trans Ramos Pipeline has been delayed due to leak detection concerns and facility maintenance issues.
Beyond oil and gas operations, the company said its social investment arm, the NNPC Foundation, remained active in April.
The foundation commissioned three newly rehabilitated hospital wards with 102 beds at the National Orthopaedic Hospital in Lagos on April 29. The project is aimed at improving healthcare delivery and patient care.
It also provided relief materials to flood victims in Mokwa, Niger State, as part of humanitarian support efforts.
In addition, the foundation trained 72,657 members of the National Youth Service Corps (NYSC) in basic financial literacy during the month.
Overall, the April report reflects stronger financial performance for NNPC, rising oil production, progress in gas infrastructure, and continued investment in community development across Nigeria.
