NNPC’s 2026 revenue hits N28.5trn, jumps 21% in August
By Obas Esiedesa, Abuja
The Nigerian National Petroleum Company Limited (NNPC) has reported a cumulative revenue of 28.54 trillion naira for the first eight months of 2026. Revenue for August alone rose by 21.1% from the previous month, totaling 3.74 trillion naira.
According to the company’s August 2026 Monthly Report Summary, revenue increased from 3.09 trillion naira in July to 3.74 trillion naira in August, with profit after tax rising 54.5% to 431 billion naira, up from 279 billion naira the previous month.
Monthly analyses reveal that NNPC generated 2.571 trillion naira in January, 2.68 trillion naira in February, and 2.774 trillion naira in March. Revenue then surged to 4.971 trillion naira in April, followed by nearly stable figures of 4.335 trillion naira in May and 4.389 trillion naira in June. After a decline to 3.09 trillion naira in July, revenue rebounded in August.
For profit after tax, the figures were 385 billion naira in January, 236 billion naira in February, and 276 billion naira in March. This number increased to 481 billion naira in April, 462 billion naira in May, and 535 billion naira in June. Following a drop to 279 billion naira in July, profit after tax rose again to 431 billion naira in August. Cumulatively, the company reported a profit after tax of 2.985 trillion naira for the year to date.
In terms of government contributions, NNPC made statutory payments of 1.574 trillion naira in August, bringing the total for the year to 9.487 trillion naira.
On production metrics, average crude oil and condensate output was recorded at 1.69 million barrels per day in August, a slight increase from 1.68 million barrels per day in July. Natural gas production also saw an uptick, reaching 7.68 billion standard cubic feet per day in August, up from 7.49 billion the previous month, although it remained below the June high of 7.84 billion standard cubic feet per day.
Gas sales rose to 4.73 billion standard cubic feet per day in August, compared to 4.58 billion in July, while crude oil and condensate sales increased from 22.53 million barrels in July to 24.56 million barrels in August.
NNPC reported full availability of upstream pipelines and indicated that the Obiafu-Obrikom-Oben (OB3) gas pipeline project is now 100% complete. The Ajaokuta-Kaduna-Kano (AKK) gas pipeline project is reported to be 95% complete, with construction and installation activities ongoing, aiming to deliver gas to Abuja within 2026.
The OB3 pipeline’s successful commissioning and full operational capacity represent a significant milestone for NNPC, intended to enhance connectivity between the eastern and western gas network systems.
