November 29, 2025
The Nigerian National Petroleum Company Limited, NNPC Ltd, has recorded a significant improvement in revenue after hitting N5.08 trillion in October 2025, as against the N4.27 trillion reported in September.
The figures are contained in NNPC Ltd’s Monthly Report Summary for the month of October 2025.
NNPC Ltd’s profit after tax (PAT), according to the report, rose impressively from N216 billion in September, to N447 billion in October, signalling stronger operational efficiency in the strategies deployed by the national oil company to improved market conditions, and enhanced cost optimisation.
The report shows that Natural Gas Production Rose while oil declined, accordingly gas production hit 6,997 million standard cubic feet per day (mmscf/d) in October, up from 6,284 mmscf/d in September.
READ MORE; NNPCL Declares N5.4 Trillion Profit For 2024.
Gas sales, reported on an M-2 basis, climbed to 4,713 mmscf/d, marking a significant increase from 3,443 mmscf/d recorded in the previous month.
The 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.
On the other hand, crude oil production experienced a slight drop, falling from 1.61 mmbopd in September to 1.58 million barrels of oil per day (mmbopd) in October.
NNPC Ltd in it infrastructure drive, reported accelerated progress on the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline, stating that additional resources have been deployed to fast-track construction activities across multiple locations.
READ MORE; Over N61bn Payment Infractions Uncovered In NNPC By Audit.
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, a crucial component of Nigeria’s gas infrastructure expansion, is expected to significantly enhance domestic gas utilisation and spur industrial growth upon completion.
The company also said 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.
The report, stated that production levels during the period under review remained temporarily moderated due to the following:
Ongoing planned maintenance activities across key assets, including Usan and SEPNU
Continued delays in the commencement of operations in WAEP (OML 71 & 72)
Recent flooding incidents that led to well shut-ins in OML 143
NNPC added that full production recovery is planned for mid-December.
READ MORE; NNPCL Blames Crude Oil Theft On International Syndicates
NNPCL, during the week, announced that it recorded a Profit After Tax of N5.4 trillion from total revenue of N45.1 trillion for the full year ended 2024.
The company, in the statement said, it’s accelerating investments across upstream operations, gas infrastructure, and clean energy to extend growth into the next decade.
It had earlier this month, set a target of attracting $60 billion in investments by 2030 through strategic partnerships aimed at driving transformation in Africa’s energy.
