Nigerian National Petroleum Company Limited (NNPC Ltd) recorded a profit after tax of N509 billion for September 2026, its latest monthly report shows.
This is an increase from the N431 billion recorded in August.
The company, in its September 2026 report summary released on Tuesday, highlighted key figures, including crude oil and condensate production, natural gas output, revenue, profit after tax, and strategic initiatives during the period.
In the report, the state-owned oil company posted a statutory payment of N11.140 trillion to the federation account from January to September.
The report also shows that the national oil company generated N4.608 trillion in revenue from oil, an increase from N3.74 trillion it recorded in August.
The report puts the average crude oil and condensate production figures for the period at 1.70 million barrels per day (bpd), up from August’s figure of 1.69 mbpd.
In the same vein, natural gas production was 7,789 mmscf/d in September, up from 7,680 mmscf/d in August. Gas sales stood at 4.793 bscf/d in September, up from 4.737 bscf/d in August.
It added that the petrol availability in its retail stations nationwide was 54 per cent in September, while total hydrocarbon production stood at 3.04 mmboe/d.
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On the state of infrastructure, it said there was 100 per cent availability of upstream pipelines, while the Obiafu-Obrikom-Oben (OB3) and Ajaokuta-Kaduna-Kano (AKK) Gas Pipelines stood at 100 per cent and 95 per cent completion, respectively.
It explained that September 2026 production recorded a month-on-month increase, largely attributable to production restoration from the Obodo (OML 150) restart and other assets.
Despite this improvement, NNPC said production remained constrained by unplanned downtime associated with facility reliability challenges, subsurface issues, flowline leaks, community protests, equipment failures, storage and tank-top constraints, and disruptions to export infrastructure.
“All production, sales and financial figures are provisional and subject to reconciliation with relevant stakeholders,” the report said.
