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NNPC records N431bn profit as revenue rises to N3.74tn in August
The company also recorded a 19.89 per cent increase in cumulative statutory payments from N7.91 trillion for January to July to N9.49 trillion for January to August.
The Nigerian National Petroleum Company (NNPC) Limited recorded a 54.5 per cent increase in net profit in August 2026, with earnings rising to N431 billion from N279 billion in July.
According to key figures in the company’s monthly operations and financial report for August 2026, released on Tuesday, the state-owned oil firm recorded a significant improvement in its financial performance during the period.
The report showed that profit after tax increased by N152 billion, from N279 billion in July to N431 billion in August.
NNPC’s revenue also rose during the month, reaching N3.74 trillion compared with the N3.09 trillion recorded in July.
The company also recorded a 19.89 per cent increase in cumulative statutory payments from N7.91 trillion for January to July to N9.49 trillion for January to August.
The report also put the average crude oil and gas production figures for the period at 1.69 million barrels per day and 7,680 million standard cubic feet per day, respectively.
On the state of infrastructure, there was 100per cent availability of upstream pipelines, while the OB3 and AKK Gas Pipelines stood at 100 per cent and 95 per cent completion.
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