NNPC’s Federation Account remittance hits N11.41tn
The Nigerian National Petroleum Company Limited paid N11.14tn to the Federation Account between January and September 2026, a 3.6% drop from 2025. Read More: https://punchng.com/nnpcs-federation-account-remittance-hits-n11-41tn/
Between January and September 2026, the Nigerian National Petroleum Company Limited (NNPC) generated N33.15 trillion in revenue, marking a 28.3% decrease from the N46.26 trillion recorded in the same period last year. NNPC paid a total of N11.14 trillion to the Federation Account as statutory payments during this period. Despite a strong September performance, NNPC's nine-month earnings fell significantly below the previous year's performance.
The company's revenue increased to N4.608 trillion in September, a 23.3% increase from August, and its profit after tax rose by 18.1% to N509 billion. NNPC's revenue peaked at N4.971 trillion in April before declining to N3.087 trillion in July and increasing again to N4.608 trillion in September.
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