The Nigerian National Petroleum Company Limited reported a significant surge in revenue for October 2025, reaching N5.08 trillion.
This figure marks a substantial increase from the N4.27 trillion recorded in September.
The company’s Monthly Report Summary for October 2025 contained these financial figures. The report indicates that NNPC Ltd’s profit after tax saw a sharp rise to N447 billion in October, which is more than double the N216 billion recorded in September.
This performance signals stronger operational efficiency, improved market conditions, and enhanced cost optimisation strategies deployed by the national oil company.
Regarding gas output, the report showed that production hit 6,997 million standard cubic feet per day (mmscf/d) in October, an increase from 6,284 mmscf/d in the previous month. Similarly, gas sales, reported on an M-2 basis, climbed to 4,713 mmscf/d, up significantly from the 3,443 mmscf/d recorded in September. This rise in gas output and sales underscores NNPC Ltd’s continued efforts to strengthen Nigeria’s gas value chain and boost supply to power plants, industries, and export terminals.
However, crude oil production experienced a slight dip, falling to 1.58 million barrels of oil per day (mmbopd) in October from 1.61 mmbopd in September.
The report detailed ongoing planned maintenance activities across key assets, including Usan and SEPNU, as one reason for this temporary moderation. Additionally, continued delays in the commencement of operations in WAEP (OML 71 & 72) and recent flooding incidents that led to well shut-ins in OML 143 were cited as factors. Full production recovery is planned for mid-December.
Providing insight into its infrastructure drive, NNPC Ltd reported accelerated progress on the Ajaokuta-Kaduna-Kano Gas Pipeline. The company stated that additional resources have been deployed to fast-track construction activities across multiple locations.
The report adds: “Additional resources have been deployed, thereby fast-tracking construction activities across multiple fronts with a clear line of sight to mainline completion before end 2025.” The AKK project is a crucial component of Nigeria’s gas infrastructure expansion and is expected to significantly enhance domestic gas utilisation and spur industrial growth upon completion.
NNPC Ltd also stated that it will continue to sustain industry-wide collaboration and drive production recovery initiatives. According to the report, the company plans to initiate and complete all scheduled facility maintenance activities in Stardeep–Agbami, Esso–Erha, Renaissance–EA, and OML 42 within the November/December window.
Separately, NNPCL announced a Profit After Tax of N5.4 trillion from a total revenue of N45.1 trillion for the full year ended 2024. The statement noted that NNPC Limited is accelerating investments across upstream operations, gas infrastructure, and clean energy to extend growth into the next decade. Earlier this month, the company set a target of attracting $60 billion in investments by 2030 through strategic partnerships aimed at driving Africa’s energy transformation.
