The Nigerian National Petroleum Company Limited generated N33.15 trillion in revenue between January and September 2026, representing a 28.3 per cent or N13.11tn decline compared with the N46.26tn recorded in the corresponding period of 2025.
The national company also paid a total of N11.14tn to the Federation Account as statutory payments between January and September 2026.
An analysis of the company’s monthly financial reports showed that the state-owned oil company earned N13.11tn less in the first nine months of 2026 than it generated in the same period last year, highlighting the pressure on its revenue performance despite improvements in some of its production indicators.
The decline came despite a strong September performance, when NNPC’s revenue increased to N4.608tn from approximately N3.74tn in August, representing a month-on-month growth of about 23.3 per cent.
