The Nigerian National Petroleum Company (NNPC) Limited recorded ₦535 billion profit after tax for the month of June, representing 15.8 per cent increase from the ₦462bn in recorded in May.
The figure was contained in the company’s monthly financial and operations report for the month of June 2026.
NNPC breaks down the ₦535 billion profit
The report further stated that the total revenue for the month stood at ₦4,389 billion, while cumulative statutory payments to the Federation for the period January to June 2026 increased to ₦6,286 billion.
The figure, it was declared underscored the sustained contribution of NNPC Ltd to national revenue generation.
“Average crude oil and condensate production witnessed a slight dip, standing at 1.72 million barrels per day (mmbopd), compared to 1.73 million barrels per day in May.
“The production dip is attributed to operational disruptions, facility integrity issues, and subsurface challenges across several assets.
“Natural gas production rose to 7.841 million standard cubic feet per day (mmscf/d) from 7.774 mmscf/d in May, representing a modest 0.86 per cent increase, continuing the company’s upward trajectory in gas production.
“The Obiafu-Obrikom-Oben (OB3) Gas Pipeline progressed to 98 per cent completion, with final tie-in works ongoing towards achieving First Gas in August 2026.
“Construction and installation activities on the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline advanced to 94 per cent completion, supporting the target of early gas delivery to Abuja in 2026,” it was further stated in the report.
