The Nigerian National Petroleum Company Limited (NNPC) posted a strong financial and operational performance in April 2026, with revenue rising by more than 79 per cent month-on-month to N4.971 trillion, largely driven by increased crude oil production.

Data contained in the NNPC Monthly Report Summary for April 2026 showed that the national oil company generated N4.971 trillion in revenue during the month, compared to N2.774 trillion recorded in March.

The surge in revenue was matched by a significant improvement in profitability. Profit After Tax (PAT) increased from N276 billion in March to N481 billion in April, representing a month-on-month increase of N205 billion or 74.3 per cent.

The report also indicated a rise in statutory remittances to the federation. Total payments climbed from N2.888 trillion as of March to N3.714 trillion in April, reflecting an increase of N826 billion or 28.6 per cent.

On the operational side, NNPC reported stronger crude oil and condensate production, with average daily output increasing from 1.56 million barrels per day in March to 1.68 million barrels per day in April. The additional 120,000 barrels per day represented a 7.7 per cent improvement and ranked among the company’s strongest production performances in recent months.

Of the total production figure, crude oil contributed about 1.43 million barrels per day, while condensate output stood at approximately 250,000 barrels per day.

The improvement helped reverse some of the production challenges experienced earlier in the year and strengthened expectations that Nigeria could continue its gradual recovery towards higher crude output levels before year-end.

According to the report, the improved performance was supported by better facility uptime and ongoing initiatives aimed at increasing production efficiency. Upstream pipeline availability rose from 76 per cent in March to 79 per cent in April.

However, NNPC noted that production was still affected by the delayed restart of key infrastructure following maintenance activities, as well as integrity issues on some facilities.

The report stated that month-on-month production growth was largely driven by improved facility uptime, although performance in April was impacted by the delayed start-up of the Trans Ramos Pipeline after turnaround maintenance due to identified leaks and other facility-related issues.

Despite these setbacks, output remained above March levels, highlighting the impact of ongoing recovery efforts across upstream operations.

Gas production remained largely unchanged during the period. NNPC reported average gas output of 7,730 million standard cubic feet per day in April, compared to 7,731 million standard cubic feet per day in March.

Average gas sales also remained stable, standing at 5,044 million standard cubic feet per day in April, slightly below the 5,059 million standard cubic feet per day recorded in March.The report further highlighted progress on major gas infrastructure projects considered vital to Nigeria’s long-term energy and industrial development plans.

The Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project advanced to 94 per cent completion in April, up from 93 per cent in March, as collaboration with stakeholders continued to support construction and installation activities.

Similarly, the OB3 Gas Pipeline project maintained a completion level of 96 per cent during the month.

One area that recorded a decline was retail fuel station availability. The report showed that petrol availability across NNPC Retail stations dropped from 56 per cent in March to 54 per cent in April, representing a decline of about 3.6 per cent. No detailed explanation was provided for the reduction.