NNPC Remits N7.9tn to Federation as Revenue Hits N3.087tn in One Month
•Posts N279 billion profit after tax Emmanuel Addeh in Abuja The Nigerian National Petroleum Company Limited (NNPC) remitted a cumulative N7.913 trillion to the federation between January and July 2026,
The Nigerian National Petroleum Company Limited (NNPC) remitted a total of N7.913 trillion in statutory payments to the federation between January and July 2026, following a revenue of N3.087 trillion in July. The NNPC's Monthly Report Summary indicated a Profit After Tax (PAT) of N279 billion for the month of July. The company's crude oil and condensate production stood at 1.68 million barrels per day, while natural gas production was recorded at 7,489 million standard cubic feet per day.
The NNPC's OB3 facility, a gas pipeline project, has reached 100% completion. In July, the availability of NNPC retail stations for the sale of Premium Motor Spirit (PMS) was at 52%, and the NNPC's strategic infrastructure projects were progressing at 100% for the OB3 gas pipeline and 95% for the Ajaokuta-Kaduna-Kano (AKK) gas pipeline.
NNPC emphasized its focus on sustaining high facility uptime, optimizing export operations, and enhancing production performance through preventive maintenance programmes and other measures.
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