The Nigerian National Petroleum Company Limited (NNPCL) says it recorded a 65 per cent enhance in revenue after tax in August.
A factsheet launched by the corporate stated it made N431bn from the N279bn it made in July.
The firm stated it generated a complete income of N3.73 trn and has remitted N9.48trn to the federation account as statutory funds from January to August.
The report additionally stated crude oil & condensate manufacturing elevated to 1.69 million barrels per day from the 1.68m barrels produced in July.
It went additional to state it produced 7.68 Million Standard Cubic Feet per Day of pure gasoline manufacturing.
It attributed the rise to sustained dependable crude oil “evacuation, minimizing production deferments and strengthening asset reliability through proactive maintenance, accelerated resolution of integrity constraints and improved coordination of drilling and shutdown activities, restoring deferred production, optimizing tank-top and export management, and strengthening asset-level production assurance and accountability.”
It added that the Ajaokuta-Kaduna-Kano Pipeline is 55 p.c accomplished and has continued to interact in collaboration with stakeholders to progress development and set up actions geared in the direction of supply of gasoline to Abuja in 2026.
For the Obiafu-Obrikom-Oben (OB3) Gas Pipeline. It stated it’s 100% accomplished with important milestones attained with the profitable commissioning and full operationalization.
“Thus, the OB3 pipeline realizing the project’s strategic intent of linking the Eastern and Western gas network system.”
It went on to checklist the actions of its Youth Empowerment Initiative Basic Financial Literacy Programme that’s sponsored by NNPC Foundation to embrace Basic Financial Literacy Programme for 2026 Batch B, Stream 2 NYSC Corps Members on Sunday, 9 August 2026.
“We delivered virtually across the 36 states and the FCT, the session equipped corps members with practical knowledge on financial discipline, budgeting, savings and investment readiness. The programme reached 73,217 corps members, bringing the cumulative number of corps members trained under the initiative to 1,398,401.”
Meanwhile, Nigeria’s day by day common of crude oil and condensate manufacturing elevated to 1, 717, 030 barrels within the month of September, representing a 2.34% enhance compared to the earlier month.
Data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) additionally confirmed that single day manufacturing hit a peak of 1.84m barrels within the month as Nigeria consolidated its place as Africa’s largest crude oil producer.
A press release by NUPRC’s Head, Media and Corporate Communications, Eniola Akinkuotu, stated the bottom single day manufacturing within the month was 1.68 million barrels.
In strict crude oil phrases (excluding condensate), Nigeria produced a median of 1.53mobpd within the month underneath evaluation. This constitutes 102% of the 1.5mobpd set by OPEC.
The crude oil information (excluding condensate) reveals that Nigeria has for 5 consecutive months met its assigned OPEC quota, producing 1.53mobpd in May; 1.55mobpd in June; 1.51mobpd in July; 1.5mobpd in August and 1.53mobpd in September.
The improved efficiency was primarily pushed by secure manufacturing operations throughout most producing property and the absence of any main pipeline outages throughout the interval underneath evaluation. This enhanced operational stability supported improved manufacturing uptime and crude evacuation effectivity.
The sustained progress recorded in September displays the continued dedication of operators and business stakeholders in the direction of bettering operational effectivity, sustaining asset integrity, and enhancing manufacturing reliability throughout the Nigerian upstream petroleum sector.
A breakdown of the day by day common crude oil and condensate manufacturing by terminals/streams throughout the evaluation month reveals that Forcados Terminal accounted for 320.32kbpd whereas Bonny Terminal adopted with 303.27kbpd.
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