NNPC’s profit after tax grew by 54.5 % to N431bn in August 2026

… Statutory payments to the federal account struck N9.49 trn

The Nigerian National Petroleum Company (NNPC) Limited has actually reported an impressive monetary efficiency for August 2026, with revenue after tax rising by 54.5% from N279 billion to N431 billion for the month of August 2026.

The business, according to its month-to-month operations and monetary report for the month of August 2026, created income of N3.74 trillion as versus N3.09 trillion tape-recorded in the previous month.

The report revealed a minor boost in the volume of petroleum offered in the duration, increasing from 21.53 MMbbls in July to 23.57 MMbbls in August 2026.

On the production side, the report revealed that the typical petroleum and gas production figures for the duration stood at 1.69 million barrels each day and 7,680 million basic cubic feet daily, respectively.

The business noted its effort to sustain dependable petroleum evacuation, reducing production deferments and reinforcing possession dependability through proactive upkeep.

It likewise mentioned that it had actually “enhanced coordination of drilling and shutdown activities, bring back deferred production, optimised tank-top and export management, and reinforced asset-level production guarantee and
responsibility.”

The Company likewise taped a 19.89% boost in cumulative statutory payments from N7.91 trillion for January to July to N9.49 trillion for January to August.

On the state of facilities, the report suggested 100% schedule of upstream pipelines, while the Obiafu-Obrikom-Oben (OB3) and Ajaokuta-Kaduna-Kano (AKK) Gas Pipelines stood at 100% and 95% conclusion, respectively.

“On AKK (Early Gas), continued cooperation with stakeholders to advance building and construction and setup activities tailored towards shipment of gas to Abuja in 2026.

“OB3 River Niger Crossing: Significant turning point achieved with the effective commissioning and complete operationalisation of the OB3 pipeline hence understanding the job tactical intent of connecting the Eastern and Western gas network,” the report included.