NNPC Ltd posts N481 billion surplus for April

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The Nigerian National Petroleum Company Limited (NNPC Ltd.), says it has recorded N481 billion Profit After Tax (PAT) for April 2026.

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The development represented a sharp jump from the N276 billion posted in March, the company said in the April Monthly Report Summary, released on its X handle.

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The company said its crude oil and condensate production rose to 1.68 million barrels per day (mmbopd) in April, representing a 7.69 per cent increase from the March production level.

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The NNPC Ltd said revenue from oil hit N4.971 trillion for the month, up from N2.77 trillion recorded in March 2026, representing a 79.23 per cent increase.

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The report iinducated that gas production remained largely stable at 7,730 million standard cubic feet per day (mmscf/d), compared with 7,731 mmscf/d recorded in March.

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It added that cumulative statutory payments for the period January to April 2026 stood at N3.714 trillion.

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The company highlighted the successful completion of the OB3 River Niger Crossing project as one of its major milestone during the period.

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It also noted continued progress on construction and installation activities along the Ajaokuta-Kaduna-Kano (AKK) Gas pipeline mainline, aimed at achieving early gas delivery to Abuja in 2026.

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The report further outlined its strategic initiatives undertaken during the month aimed at strengthening Nigeria’s energy infrastructure to enhance operational performances.

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