NNPC Limited has declared a ₦535 billion profit after tax for the month of June representing 15.8% increase from the ₦462bn recorded in May.
This figure contained in the company’s monthly financial and operations report for the month of June 2026 as released to journalists on friday showed that total revenue for the month stood at ₦4,389 billion, while cumulative statutory payments to the Federation for the period January to June 2026 increased to ₦6,286 billion, underscoring NNPC Limited’s sustained contribution to national revenue generation.
Average crude oil and condensate production witnessed a slight dip standing at 1.72 million barrels per day (mmbopd), compared to 1.73 million barrels per day in May. The production dip according to the document is attributed to operational disruptions, facility integrity issues, and subsurface challenges across several assets.
Natural gas production rose to 7.841 million standard cubic feet per day (mmscf/d) from 7.774 mmscf/d in May, representing a modest 0.86% increase, with NNPC declaring that the development reflects the company’s upward trajectory in gas production.
On the other hand, the Obiafu-Obrikom-Oben (OB3) Gas Pipeline the document showed progressed to 98% completion, with final tie-in works ongoing towards achieving First Gas in August 2026.
Construction and installation activities on the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline advanced to 94% completion, supporting the target of early gas delivery to Abuja in 2026.
