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/
The Nigerian National Petroleum Company Limited (NNPC) generated N33.15 trillion in revenue from January to September 2026, a 28.3% decline or N13.11 trillion compared to the same period in 2025. The company remitted N11.14 trillion to the Federation Account during this period. Despite a strong September performance, the overall revenue shortfall left the company's nine-month earnings significantly below the previous year's performance.
NNPC's revenue increased to N4.608 trillion in September, a 23.3% growth from N3.74 trillion in August, marking the company's strongest monthly revenue since April. The decline in revenue was observed throughout the year, with the company generating N3.824 trillion in January and N6.624 trillion in February, among other figures.
Written by urgent.news from Punch's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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