NNPC Limited has released its September 2026 Monthly Operations & Financial Report, showing a N509 Billion Profit After Tax, an 18.1 per cent increase on month-on-month.
Revenue for the period stood at N4.608tr up from N3.74tr recorded in the previous month, representing an increase of approximately 23.2 per cent.
The Company also recorded a 17.4 per cent increase in cumulative statutory payments to the Federation, rising from N9.49 trillion for January to August to N11.14 trillion for January to September 2026.
The report further indicated that average crude oil and condensate production stood at 1.70 million barrels per day, while natural gas production increased to 7,789 million standard cubic feet per day.
On infrastructure, there was 100% availability of upstream pipelines, while the OB3 and AKK Gas Pipelines stood at 100% and 95% completion, respectively.
Copyright: Fresh Angle International (www.freshangleng.com)
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