The Nigerian National Petroleum Company Limited has announced a revenue collection of N2.68 trillion from its economic activities in February 2026, even as crude oil production declined to 1.51 million barrels per day amid pipeline outages and operational setbacks.
The company reported a 4.2 per cent increase in revenue for its February 2026 operations, rising to N2.68tn from N2.57tn recorded in January.
However, the company’s profit after tax plunged by 64.67 per cent to N136bn in February, down from N385bn posted in the previous month.
Details from the company’s February monthly report summary released on Saturday showed that profit after tax stood at N136bn, while statutory payments to the Federal Government rose to N1.804tn, underlining the firm’s continued fiscal importance despite production headwinds.
