The Nigerian National Petroleum Company (NNPC) Limited recorded income of N4.61 trillion and profit after tax of N509 billion in September 2026, as whole hydrocarbon manufacturing rose to three.04 million barrels of oil equal per day (mmboe/d).
According to the corporate’s September 2026 Monthly Report Summary, crude oil and condensate manufacturing stood at 1.70 million barrels per day (bpd), whereas pure fuel manufacturing reached 7,789 million normal cubic toes per day (mmscf/d).
The report additionally confirmed that upstream pipeline availability was 100% in the course of the month, whereas petrol availability throughout NNPC Retail Limited (NRL) stations stood at 54%.
NNPC manufacturing rises in September
Total hydrocarbon manufacturing elevated from 3.01 mmboe/d in August to three.04 mmboe/d in September. NNPC attributed the advance largely to the restart of the Obodo area in Oil Mining Lease (OML) 150 and manufacturing restoration throughout different belongings.
Crude oil and condensate output reached 1.70 million bpd, whereas pure fuel manufacturing eased barely to 7,789 mmscf/d from 7,841 mmscf/d in August.
The firm additionally reported the next gross sales and monetary figures for September:
- Statutory funds between January and September 2026 amounted to N11.14 trillion.
- Gas gross sales averaged 4,793 mmscf/d, in contrast with 4,737 mmscf/d in August.
- Crude oil and condensate gross sales totalled 24.63 million barrels in September.
The manufacturing enhance got here alongside a slight decline in fuel output and gross sales, indicating differing actions throughout the corporate’s hydrocarbon operations in the course of the month.
Operational challenges constrain oil output
Despite the rise in manufacturing, NNPC recognized a number of operational and infrastructure challenges affecting output. These included unplanned downtime arising from facility reliability issues, subsurface points, flowline leaks, neighborhood protests and gear failures.
Storage and tank-top limitations, alongside disruptions to export infrastructure, additionally affected manufacturing.
To deal with these constraints, the corporate stated it was working to revive shut-in wells and amenities, optimise manufacturing and perform properly interventions. Its plans additionally embrace preventive upkeep to enhance facility reliability, resolving subsurface and flowline integrity points, strengthening neighborhood engagement and addressing storage and export infrastructure limitations.
These measures are supposed to maintain manufacturing progress and scale back disruptions throughout its belongings.
NNPC monetary efficiency and IPO plans
NNPC can also be contemplating promoting between 5% and 10% of its fairness by a potential initial public offering (IPO), with the proposed itemizing anticipated to focus totally on Nigeria’s home capital market.
- The firm’s monetary efficiency in September follows the robust income and profit figures reported in the previous months.
- Between January and August 2026, NNPC generated N28.54 trillion in income and recorded N2.99 trillion in profit after tax, in line with its month-to-month monetary studies reviewed by Nairametrics.
Its 2025 audited monetary statements additionally confirmed that profit after tax rose by 32.7% to N7.18 trillion from N5.41 trillion in 2024. However, income declined by 23.4% to N34.52 trillion from N45.08 trillion, whereas gross profit fell to N9.37 trillion from N11.71 trillion.
