The Nigerian National Petroleum Company Limited (NNPC Ltd.) has reported a strong financial performance for October 2025, recording revenue of N5.078 trillion and a profit after tax (PAT) of N447 billion, according to the latest monthly financial report released on Saturday.
The new figures represent a 19.2% rise in revenue from N4.26 trillion recorded in September, as well as a 106% jump in profit compared to the N216 billion PAT posted the previous month.
NNPC also revealed that its statutory remittances to the Federation Account for the period between January and September 2025 amounted to N11.150 trillion, underscoring what the company described as improved financial discipline and stronger operational performance.
On crude oil production, the company acknowledged that output remained “temporarily moderate” due to several factors, including planned maintenance activities on key assets such as Usan and SEPNU, delays in operational takeoff at WAEP (OML 71 & 72), and flooding incidents that caused well shut-ins in OML 143.
Despite these setbacks, NNPC expressed confidence that full production recovery is expected by mid-December 2025, as repairs and operational adjustments continue across affected locations.
Providing updates on major national gas infrastructure projects, the company stated:
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AKK Gas Pipeline: Additional manpower and equipment have been mobilized to accelerate construction, with the company maintaining a clear target to complete the main pipeline section before the end of 2025.
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OB3 Gas Pipeline: Work on the River Niger crossing is progressing steadily, with preparations underway to commence drilling in line with the updated execution plan.
According to NNPC, both projects remain critical to improving domestic gas supply, expanding industrialisation, and supporting the nation’s energy transition strategy.
