The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a sharp increase in revenue, reaching N5.08 trillion in October 2025, compared to N4.27 trillion in September.

According to its Monthly Report Summary, profit after tax rose significantly to N447 billion in October, up from N216 billion in September. The company attributed this growth to stronger operational efficiency, improved market conditions, and enhanced cost optimisation strategies.

Natural gas production climbed to 6,997 million standard cubic feet per day (mmscf/d) in October, compared to 6,284 mmscf/d in September. Gas sales also rose to 4,713 mmscf/d, a notable increase from 3,443 mmscf/d in the previous month. This growth highlights NNPC Ltd’s ongoing efforts to strengthen Nigeria’s gas value chain and expand supply to power plants, industries, and export terminals.

Crude oil output, however, dipped slightly to 1.58 million barrels per day in October, down from 1.61 million barrels per day in September.

NNPC Ltd reported accelerated progress on the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline, noting that additional resources have been deployed to fast-track construction activities across multiple sites. The project, expected to be completed by the end of 2025, is seen as a crucial driver of domestic gas utilisation and industrial growth.

The company also confirmed plans to carry out scheduled facility maintenance across assets including Stardeep–Agbami, Esso–Erha, Renaissance–EA, and OML 42 within the November–December window. Production levels were temporarily moderated due to ongoing maintenance, delays in WAEP operations (OML 71 & 72), and flooding incidents that caused well shut-ins in OML 143. Full recovery is projected for mid-December.

NNPC Ltd reaffirmed its commitment to sustaining collaboration across the industry and driving production recovery initiatives to strengthen Nigeria’s energy sector.