NNPCL’s Profit After Tax Rises 54.5% to N431bn in August
By Kelvin Alohan
The Nigerian National Petroleum Company Limited (NNPCL) recorded a 54.5 per cent increase in Profit After Tax (PAT), rising to N431 billion in August 2026 from N279 billion in July.
The company disclosed this in its monthly operations and financial report for August 2026.
According to the report, NNPCL’s revenue rose to N3.74 trillion in August from N3.09 trillion recorded in the preceding month.
The report also showed that cumulative statutory payments increased by 19.97 per cent to N9.49 trillion between January and August, compared with N7.91 trillion recorded from January to July.
On production, the national oil company reported average crude oil and condensate output of 1.69 million barrels per day (bpd), while natural gas production stood at 7,680 million standard cubic feet per day during the period.
Regarding infrastructure development, NNPCL reported 100 per cent availability of upstream pipelines.
It added that the Obiafu-Obrikom-Oben (OB3) Gas Pipeline had reached 100 per cent completion, while the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project stood at 95 per cent completion.
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