The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it recorded a 54.5 per cent increase in Profit After Tax (PAT), rising from N279 billion to N431 billion in August 2026.
NNPC Ltd. made this known in its monthly operations and financial report for the month of August 2026.
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According to the report, revenue for the period stood at N3.74 trillion as against N3.09 trillion recorded in July.
It said the company also recorded a 19.89 per cent increase in cumulative statutory payments, from N7.91 trillion for January to July, amounting to N9.49 trillion from January to August.
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The report puts the average crude oil and gas production figures for the period at 1.69 million barrels per day (bpd) and 7,680 million standard cubic feet per day, respectively.
ALSO READ: NNPC posts ₦535 billion profit, records 1.72 million barrels daily oil output in June
On the state of infrastructure, it said there was 100 per cent availability of upstream pipelines, while the OB3 and Ajaokuta-Kaduna-Kano (AKK) Gas Pipelines stood at 100 per cent and 95 per cent completion, respectively.
(NAN)
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