The Nigerian National Petroleum Company Limited (NNPC Ltd.) announced a 54.5 per cent rise in Profit After Tax (PAT). The profit jumped from N279 billion to N431 billion in August 2026.
NNPC Ltd. shared this information in its monthly operations and financial report for August 2026.
The report showed that revenue for the month reached N3.74 trillion. This is an increase from N3.09 trillion reported in July.
Additionally, the company noted a 19.89 per cent rise in total statutory payments. Payments increased from N7.91 trillion for January to July to N9.49 trillion from January to August.
Production and Infrastructure
The report detailed that average crude oil production was 1.69 million barrels per day (bpd). Gas production was at 7,680 million standard cubic feet per day during this period.
On infrastructure, NNPC Ltd. reported that upstream pipelines were fully operational, with 100 per cent availability. The OB3 and Ajaokuta-Kaduna-Kano (AKK) Gas Pipelines were also nearing completion at 100 per cent and 95 per cent, respectively.
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