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Nov 4, 20261 min read

NNPC profit after tax surges 18.1% to ₦509bn in September

NNPC profit after tax surges 18.1% to ₦509bn in September
Galaxy TV · Business desk · Lagos

NNPC Limited has released its September 2026 Monthly Operations & Financial Report, showing a ₦509 Billion Profit After Tax, an 18.1 per cent increase month on month.

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Adeagbo Adeyosola Deborah
Reporter · Galaxy TV
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NNPC Limited has released its September 2026 Monthly Operations & Financial Report, showing a ₦509 Billion Profit After Tax, an 18.1 per cent increase month on month.

Revenue for the period stood at ₦4.608tr, up from ₦3.74tr recorded in the previous month, representing an increase of approximately 23.2 per cent.

The Company also recorded a 17.4 per cent increase in cumulative statutory payments to the Federation, rising from ₦9.49 trillion for January to August to ₦11.14 trillion for January to September 2026.

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The report further indicated that average crude oil and condensate production stood at 1.70 million barrels per day, while natural gas production increased to 7,789 million standard cubic feet per day.

On infrastructure, upstream pipelines were 100% available, while the OB3 and AKK Gas Pipelines were 100% and 95% complete, respectively.

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Adeagbo Adeyosola Deborah
Reporter

Reporting for Galaxy TV from Lagos and Abuja, covering energy and national affairs across Nigeria and West Africa

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