NNPC Posts N3.49 Trillion Profit in Nine Months

Nigeria’s national oil company, NNPC, recorded cumulative profit after tax of N3.494 trillion from January to September 2026, including N509 billion in September, up 18.1% from August. Nine-month revenue reached N33.152 trillion, while payments to the Federation Account and other statutory remittances totalled N11.14 trillion. September average crude oil and condensate production was 1.70 million barrels per day, and gas production reached 7,789 million standard cubic feet per day. The OB3 gas pipeline was 100% complete and the AKK project 95% complete, with NNPC targeting early gas supply to Abuja before the end of 2026.