NNPC remits N11 trillion to government
The Nigerian National Petroleum Company Limited (NNPC) reported a slight decline in statutory remittance to the federal government, with N11.14 trillion remitted between January and September 2026, down from N11.15 trillion in the same period last year.
Crude and condensate production increased to 1.70 million barrels per day in 2026, up from 1.61 million barrels per day in the same period of 2025.
Total revenue rose by 8 percent to N4.61 trillion between January and September 2026, compared to N4.27 trillion in the same period of 2025.
Natural gas production also increased, growing from 6.23 million standard cubic feet per day to 7.79 million standard cubic feet per day.
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The company’s profit after tax jumped by 135 percent to N509 trillion, compared to N216 trillion in the same period last year.
Petrol availability across NNPC’s retail filling stations fell to 54 percent, down from an average of 77 percent last year. In contrast, upstream availability reached an optimal level of 100 percent within nine months of 2026, from about 96 percent a year ago.
The company reported progress on the Ajaokuta-Kaduna-Kano gas pipeline, with advance mainline construction, installation, and pre-commissioning activities underway to ensure early gas delivery to Abuja in 2026.
Additionally, the Obiafu-Obrikom-Oben (OB3) Gas Pipeline has been commissioned and operationalised, with the River Niger crossing now complete.
