Business News of Thursday, 26 March 2026
Source: www.dailytrust.com
Nigeria’s earnings from the oil and gas outputs have jumped to N2.571 trillion in January 2026 due to intensive surveillance of oil and gas infrastructures, especially the Trans-Niger Delta Pipeline, compared to what was attainable in 2025.
The General Manager, Community and Stakeholders Relations in the Pipeline Infrastructure Nigeria Limited (PINL), Dr Akpos Mezeh, disclosed this on Wednesday during the monthly Stakeholders’ Engagement Meeting for March 2026, in Port Harcourt, Rivers State.
He stated that according to the operational report released by the Nigerian National Petroleum Company Limited (NNPCL), the national oil company recorded a profit after tax of N385 billion in January 2026, generating N2.571 trillion in revenue and remitting N726 billion to the Federation Account during the same period after 1.64 million barrels per day production, due to security of oil and gas infrastructures in the Niger Delta region.
Mezeh, who commended the cooperation of oil and gas host communities, explained that the figures demonstrate renewed operational efficiency and improved performance across Nigeria’s oil and gas sector, adding that the enhanced collaboration between host communities, security agencies, government institutions, and pipeline operators has significantly reduced incidents of crude oil theft and vandalism across our operational corridors.
He added that Nigeria also recorded encouraging progress in natural gas production, which increased to 7,283 million standard cubic feet per day, compared to 6,914 million standard cubic feet per day recorded in December 2025.
He stated that gas sales were also strengthened, reaching approximately 4,978 million standard cubic feet per day, reflecting improved supply to power plants, industrial consumers, and export markets.
He said with the intense surveillance of oil and gas infrastructures and the cooperation of the host communities, Nigeria can benefit from the United States–Israel–Iran conflict through increased export earnings, improved inflow into the Federation Account, and potentially stronger external reserves.
He said: “Your attendance reflects our shared dedication to strengthening cooperation, sustaining peace, and advancing development across the host communities within our operational corridors.
“Over the past years, our engagements have consistently demonstrated that dialogue, cooperation, and mutual trust remain the most effective tools for building sustainable relationships between private security companies (PSC) and host communities.
“At PINL, we hold firmly to one guiding principle: “Community Partnership is National Security. When Communities Protect Infrastructure, they Protect Livelihoods, National Revenue, and the Future of our Country.”
“National Energy Outlook and Nigeria’s Future Nigeria’s energy sector remains central to national development and economic stability. Recent developments in the sector reflect renewed progress and growing opportunities for Nigeria’s energy future.
“According to the latest operational report released by the Nigerian National Petroleum Company Limited (NNPCL), the national oil company recorded a profit after tax of N385 billion in January 2026, generating N2.571 trillion in revenue and remitting N726billion to the Federation Account during the same period after 1.64 million barrels per day production.
“These figures demonstrate renewed operational efficiency and improved performance across Nigeria’s oil and gas sector. This improvement was driven largely by the successful completion of maintenance operations at key onshore facilities.
“Nigeria also recorded encouraging progress in natural gas production, which increased to 7,283 million standard cubic feet per day, compared to 6,914 million standard cubic feet per day recorded in December 2025.
“Gas sales strengthened as well, reaching approximately 4,978 million standard cubic feet per day, reflecting improved supply to power plants, industrial consumers, and export markets.
“These developments reinforce the Federal Government’s commitment to positioning Nigeria as a major energy hub in Africa, particularly through the implementation of the “Decade of Gas Initiative.”
Also speaking, a stakeholder including; Mr Batam Mitee, pledged commitment to the security of pipelines in the Niger Delta region in order to boost oil production and attract more investors to the region.

