Energy
NNPC profit after tax soars 54.5% to N431b in August
· Revenue hits N3.74tr
By Oluwayanmife Lucas
The Nigerian National Petroleum Company (NNPC) Limited has announced a N431 billion Profit After Tax (PAT) for the month of August 2026. The figure shows a rise of 54.5 per cent from the N279 billion recorded in the previous month.
This was contained in the Company’s monthly operations and financial report for the month of August 2026.
Revenue for the period, according to the report, stood at N3.74 trillion as against N3.09 trillion recorded in the previous month.
The Company also recorded a 19.89 per cent increase in cumulative statutory payments from N7.91trillion for January to July to N9.49 trillion for January to August.
The report also put the average crude oil and gas production figures for the period at 1.69 million barrels per day and 7,680 million standard cubic feet per day, respectively.
On the state of infrastructure, there was 100per cent availability of upstream pipelines, while the OB3 and AKK Gas Pipelines stood at 100 per cent and 95 per cent completion.