NNPC posts N481bn Profit in April, records rise in oil production, wins CSR award

Business, Corporate Affairs

ABUJA, Nigeria (NPA) — The Nigerian National Petroleum Company (NNPC) Limited recorded a profit after tax of N481 billion in April 2026, while crude oil and condensate production rose to 1.68 million barrels per day, according to the company’s latest monthly report.

The report showed that NNPC generated N4.97 trillion in revenue during the month, while statutory payments from January to April stood at N3.71 trillion.

Natural gas production remained strong at 7,730 million standard cubic feet per day (mmscf/d), while gas sales reached 5,044 mmscf/d.

NNPC attributed the improved production performance largely to enhanced facilities uptime, although it noted that output was impacted by the delayed restart of the Trans Ramos Pipeline following turnaround maintenance and the discovery of leaks and other integrity issues in some assets.

The company reported that upstream pipeline availability stood at 79 per cent during the period.

On strategic gas infrastructure projects, NNPC disclosed that the Obiafu-Obrikom-Oben (OB3) Gas Pipeline project achieved a major milestone with the successful completion of the River Niger crossing.

The company said the development brings Nigeria closer to achieving its gas infrastructure expansion goals and strengthening national energy security.

NNPC also reported significant progress on the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project, with completion reaching 94 per cent. The OB3 project has now attained 96 per cent completion.

According to the report, collaboration with stakeholders continues to advance construction and installation activities on the AKK pipeline, to deliver gas to Abuja in 2026.

Beyond its commercial operations, NNPC highlighted a number of social intervention programmes undertaken through the NNPC Foundation. The company said it commissioned and handed over three rehabilitated and fully equipped wards with a combined capacity of 102 beds at the National Orthopaedic Hospital, Igbobi, Lagos, to strengthen orthopaedic healthcare services in the Southwest and across Nigeria.

NNPC Foundation also provided humanitarian assistance to flood victims in Mokwa, Niger State, distributing food items and bedding materials to affected communities.

In recognition of its healthcare interventions, the foundation received the CSR Champion Award (Health) 2025 at the Silver Jubilee edition of the Independent Newspapers Awards held in Lagos.

The report further revealed that NNPC conducted a nationwide financial literacy programme for members of the National Youth Service Corps (NYSC) Batch A Stream II across all 37 orientation camps, reaching 72,657 participants and bringing the total number of beneficiaries under the initiative to more than 1.3 million corps members nationwide.

NNPC reiterated its commitment to improving production performance, enhancing energy security and supporting social development through strategic investments and community-focused interventions.