NNPC Limited is swimming in cash!
The Nigerian National Petroleum Company Limited has recorded staggering 54.5 per cent jump in net profit, hitting N431 billion in August 2026, sending shockwaves across oil sector.
Profit Jumps From N279b To N431b In One Month
Key extracts from NNPC’s monthly operations and financial report for August 2026, released yesterday, showed pure financial fireworks.
Net profit after tax soared from N279 billion in July 2026 to N431 billion in August 2026, massive N152 billion gain in just 30 days!
Revenue also went through roof, standing at N3.74 trillion in August as against N3.09 trillion recorded in previous month. That is N650 billion more!
Statutory Payments Hit N9.49 Trillion
The oil giant is also pumping huge cash into Federation coffers.
Report shows cumulative statutory payments increased by 19.89 per cent, from N7.91 trillion for January to July to N9.49 trillion for January to August. Almost N10 trillion in eight months!
On production, average crude oil and gas figures stood strong at 1.69 million barrels per day and 7,680 million standard cubic feet per day respectively.
ALSO READ: NNPC: Chinese partners reviewing PH, Warri, Kaduna refineries
Infrastructure 100% Ready, Pipelines Complete
On infrastructure front, NNPC announced 100 per cent availability of upstream pipelines, meaning no downtime, no losses.
The strategic OB3 Gas Pipeline has reached 100 per cent completion, while much-awaited AKK Gas Pipeline now at 95 per cent completion, almost ready to fire gas across Nigeria.
Industry watchers say surge reflects improved operational efficiency, stable production and absence of pipeline vandalism that crippled output in past years.
From loss-making corporation to profit-making machine, NNPC’s transformation story continues to dazzle. With N431 billion profit in single month, company is proving commercialisation is working.
Nigerians will now watch if this boom translates to more fuel availability, stable prices and bigger FAAC allocations to states!
