Nigerian National Petroleum Company (NNPC) Limited saw a significant increase of 54.5 per cent in net profit to N431 billion in August 2026.
Key extracts of NNPC’s monthly operations and financial report for the month of August 2026, released yesterday, indicated that net profit after tax rose from N279 billion in July 2026 to N431 billion in August 2026.
Revenue for the period stood at N3.74 trillion as against N3.09 trillion recorded in the previous month.
The company also recorded a 19.89 per cent increase in cumulative statutory payments from N7.91 trillion for January to July to N9.49 trillion for January to August.
The report also put the average crude oil and gas production figures for the period at 1.69 million barrels per day and 7,680 million standard cubic feet per day, respectively.
On the state of infrastructure, there was 100per cent availability of upstream pipelines, while the OB3 and AKK Gas Pipelines stood at 100 per cent and 95 per cent completion.