NNPC records N535 billion profit In June
TheNigerian National Petroleum Company (NNPC) Limited has recorded N535 billion profit after tax for the month of June representing 15.8% increase from the N462 billion in recorded in May.
This figure is contained in the company’s monthly financial and operations report for the month of June 2026.
According to the report, total revenue for the month stood at N4,389 billion, while cumulative statutory payments to the Federation for the period January to June 2026 increased to N6,286 billion, underscoring NNPC Limited’s sustained contribution to national revenue generation.
“Average crude oil and condensate production witnessed a slight dip standing at 1.72 million barrels per day (mmbopd), compared to 1.73 million barrels per day in May. The production dip is attributed to operational disruptions, facility integrity issues, and subsurface challenges across several assets.
“Natural gas production rose to 7.841 million standard cubic feet per day (mmscf/d) from 7.774 mmscf/d in May, representing a modest 0.86% increase, continuing the company’s upward trajectory in gas production.”
Meanwhile, it stated that the Obiafu-Obrikom-Oben (OB3) Gas Pipeline progressed to 98% completion, with final tie-in works ongoing towards achieving First Gas in August 2026.
Construction and installation activities on the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline advanced to 94% completion, supporting the target of early gas delivery to Abuja in 2026.
