NNPC Records ₦276bn Profit as Gas Production Hits One-Year High
By Erewunmi Peace
The Nigerian National Petroleum Company Limited (NNPC) has reported a profit after tax of ₦276 billion for March 2026, reflecting improved performance in its gas operations.
According to the company’s financial update, the result was largely driven by increased gas production, which reached approximately 7,731 million standard cubic feet per day, marking the highest level recorded in about one year.
NNPC attributed the performance to enhanced operational efficiency and gradual improvements in upstream oil and gas activities across its assets.
The company also noted that despite occasional operational challenges, including pipeline disruptions, production levels have remained relatively stable, contributing to the improved financial outcome.
Industry observers say the development signals gradual recovery in Nigeria’s gas sector, which plays a key role in powering electricity generation and industrial activity.
The report highlights ongoing efforts by NNPC to strengthen production capacity and improve overall profitability in the energy sector.
Further updates are expected as the company continues to release its financial and operational performance data for the year.
