The Nigerian National Petroleum Company Limited (NNPC) recorded a profit after tax of N3.494 trillion between January and September 2026, following an 18.1 per cent increase in its September profit.
The company’s September profit rose to N509 billion from N431 billion recorded in August, according to its September 2026 Monthly Operations and Financial Report.
A breakdown of the figures showed that NNPC recorded profits of N385 billion in January, N136 billion in February, N276 billion in March, N481 billion in April, N462 billion in May, N535 billion in June, N279 billion in July, N431 billion in August and N509 billion in September.
The report also showed that the company generated N33.152 trillion in revenue during the nine-month period.
Its September revenue increased by 23.3 per cent to N4.608 trillion from N3.737 trillion recorded in August.
Monthly revenue stood at N2.571 trillion in January, N2.680 trillion in February, N2.774 trillion in March, N4.971 trillion in April, N4.335 trillion in May, N4.389 trillion in June and N3.087 trillion in July.
On statutory remittances, NNPC disclosed that payments to the Federation Account and other statutory obligations rose to N11.14 trillion between January and September.
The amount represented an increase of N1.65 trillion, or 17.4 per cent, compared with the N9.49 trillion recorded between January and August.
On operations, the company reported average crude oil and condensate production of 1.70 million barrels per day in September.
Natural gas production also increased to 7,789 million standard cubic feet per day from 7,680 million standard cubic feet per day recorded in August.
Total hydrocarbon production, comprising crude oil, condensate and natural gas equivalent, averaged 3.04 million barrels of oil equivalent per day during the period.
NNPC further reported 100 per cent availability of its upstream pipeline infrastructure in September.
On gas infrastructure development, the company said the Obiafu-Obrikom-Oben (OB3) Gas Pipeline had reached 100 per cent completion, while the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline was 95 per cent complete.
It added that the OB3 River Niger Crossing pipeline had been commissioned and operationalised.
The company said it was working with relevant stakeholders to accelerate construction and pre-commissioning activities on the AKK project, with the aim of delivering early gas supply to Abuja before the end of 2026.