Summary
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a revenue rise to ₦5.08 trillion in October 2025, improving from the ₦4.27 trillion recorded in September, according to its Monthly Report Summary for the period.
The report shows that Profit After Tax (PAT) increased sharply, moving from ₦216 billion in September to ₦447 billion in October. Gas production also saw significant growth, reaching 6,997 million standard cubic feet per day (mmscf/d) in October compared to 6,284 mmscf/d in the previous month. Gas sales, measured on an M-2 basis, also climbed to 4,713 mmscf/d, up from 3,443 mmscf/d in September.
Crude oil production experienced a slight decline, falling from 1.61 million barrels of oil per day (mmbopd) in September to 1.58 mmbopd in October.
Providing updates on its infrastructure projects, NNPC Ltd highlighted that work on the Ajaokuta–Kaduna–Kano (AKK) Gas Pipeline had recorded faster progress, supported by additional resources deployed to construction sites. The report stated that “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 pipeline remains a major part of Nigeria’s plan to expand its gas infrastructure, boost domestic gas use, and stimulate industrial activities once fully operational.
NNPC Ltd also noted that it will maintain collaborative efforts across the industry while pushing forward with production recovery programs. The company disclosed that all scheduled maintenance activities in Stardeep–Agbami, Esso–Erha, Renaissance–EA, and OML 42 are expected to be initiated and completed within the November/December timeframe.
The report further mentioned that maintenance operations are ongoing across strategic assets such as Usan and SEPNU. It also referenced delays in WAEP (OML 71 & 72) operations and the impact of flooding in OML 143, which caused temporary well shut-ins. The company affirmed that full production recovery is expected by mid-December.
What You Should Know
NNPC Ltd’s October 2025 performance reflects continued financial strengthening, with rising revenue, higher profit margins, and significant progress in Nigeria’s major gas infrastructure project—the AKK pipeline.
Despite minor declines in crude oil output and setbacks caused by operational delays and flooding, the company is positioning itself for an improved production outlook by mid-December.
