The Nigerian National Petroleum Company Limited (NNPC Ltd.) experienced a substantial increase in its financial performance in April 2026, with revenue climbing to N4.97 trillion. This represents a nearly 79% rise from the N2.77 trillion recorded in March.

This surge in revenue was accompanied by a significant boost in profitability, as profit after tax rose to N481 billion in April, compared to N276 billion in the preceding month. The company's operational and financial report for April 2026 highlighted improved crude oil production and enhanced operational efficiency as key drivers for this performance.

Crude oil and condensate production saw an increase to 1.68 million barrels per day in April, up from 1.56 million barrels per day in March. This marks the highest monthly output level in the 12-month period covered by the report. Of the April production, crude oil accounted for approximately 1.43 million barrels per day, with condensate contributing 0.25 million barrels per day.

NNPC also reported that between January and April 2026, it remitted N3.71 trillion in statutory payments to the Federal Government. This figure is an increase from the N2.89 trillion remitted in the first quarter of the year.

Natural gas operations remained stable, with production averaging 7.7 billion standard cubic feet per day (bscf/d) in April. Gas sales averaged 4.65 bscf/d during the same period. The company reported the successful completion of the River Niger crossing segment of the OB3 gas pipeline project and continued progress on the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project.

Despite the positive financial and production figures, the company noted that production growth was constrained by operational setbacks, including the delayed start-up of the Trans Ramos Pipeline (TRP) due to identified leaks.