NNPC posts N4.97 trillion revenue, N481 bn profit as oil output rises in April
Nigeria, May 30 -- Nigeria National Petroleum Company Limited (NNPCL) generated N4.97 trillion in revenue and recorded N481 billion profit after tax in April 2026 as crude oil and condensate production rose to 1.68 million barrels per day (mbpd).
This was disclosed in the company's latest monthly performance report published on Saturday.
The report, which summarised the company's operational and financial performance for April, showed modest improvements across production metrics, despite infrastructure challenges.
A review of the graphical report indicated that crude oil and condensate production increased to 1.68 mbpd in April, up from 1.56 mbpd in March and the highest monthly output level recorded in the 12-month period covered in ...
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