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NNPC Remits N3.7 trn As Statutory Payments, Posts N4.97 trn Revenue


The Nigerian National Petroleum Company Limited(NNPC Ltd) has announced that it made statutory payments totalling N3.714 trillion between January and April 2026. It described these remittances as part of its contributions to government revenues and obligations.

It also stated that it generated N4.97 trillion in revenue and recorded N481 billion profit after tax in April 2026, adding that crude oil and condensate production rose to 1.68 million barrels per day (mbpd).

These were contained in the company’s monthly performance report for April released yesterday. The report showed that crude oil and condensate production rose to 1.68 mbpd in April, up from 1.56 mbpd in March which is the highest monthly output level achieved in the 12-month period covered in the report.

It explained that the month-on-month improvement was due largely to better facilities uptime, however production growth was constrained by operational setbacks.

The report read in part: “April performance was impacted by the delayed startup of Trans Ramos Pipeline (TRP) post completion of Turnaround Maintenance due to identified leaks and other facility integrity issues in some assets.”

The company stated that all production, sales and financial figures remained provisional and were subject to reconciliation with relevant stakeholders.

It also reported improved gas production performance, with output rising to 7,730 million standard cubic feet per day (mmscf/d) in April, slightly higher than the 7,731 mmscf/d recorded in March and significantly above September 2025 production which dipped to 6,284 mmscf/d. It stated that gas sales reached 5,044 mmscf/d in April, as against March’s 5,059 mmscf/d.



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