The Nigerian National Petroleum Company Limited (NNPC Ltd) remitted a total of N1.804 trillion to the Federation Account in February 2026.
This is according to its latest Monthly Report Summary.
The figure represents a sharp increase from the N726 billion recorded in January, reflecting improved revenue performance and stricter remittance practices.
The development demonstrates the company’s critical role in Nigeria’s fiscal framework amid ongoing reforms in the oil and gas sector.
The strong remittance performance comes alongside modest growth in revenue and improved profitability during the period.
NNPC’s February report highlights improvements across key financial and operational indicators.
Total revenue rose to N2.68 trillion in February from N2.57 trillion in January.
Statutory remittances surged to N1.804 trillion, up from N726 billion in the previous month.
Profit after tax stood at N136 billion, indicating improved profitability.
Crude oil and condensate production averaged 1.51 million barrels per day in February.
The data reflects a combination of operational stability and enhanced financial discipline in the company’s operations.
