NNPC posts ₦535bn June profit as gas projects near completion.

The Nigerian National Petroleum Company (NNPC) Limited recorded a profit after tax of ₦535 billion in June 2026, representing a 15.

8 per cent increase from the ₦462 billion posted in May. The figures are contained in the company’s Monthly Financial and Operations Report for June 2026.
According to the report, total revenue for the month stood at ₦4.389 trillion, while cumulative statutory payments to the Federation between January and June 2026 rose to ₦6.286 trillion, reflecting NNPC Limited’s continued contribution to national revenue generation.
The report showed that average crude oil and condensate production dipped slightly to 1.72 million barrels per day (mmbopd) from 1.73 million barrels per day recorded in May. The decline was attributed to operational disruptions, facility integrity challenges and subsurface issues affecting several assets. However, natural gas production increased to 7.841 million standard cubic feet per day (mmscf/d), up from 7.774 mmscf/d in May, representing a 0.86 per cent increase and sustaining the company’s upward production trend.
NNPC also reported significant progress on its major gas infrastructure projects. The Obiafu-Obrikom-Oben (OB3) Gas Pipeline reached 98 per cent completion, with final tie-in works underway ahead of the planned First Gas in August 2026. Similarly, construction and installation on the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline advanced to 94 per cent completion, supporting the target of early gas delivery to Abuja later in 2026.