The Nigerian National Petroleum Company (NNPC) Limited has reported a revenue of N5.078 trillion and a profit after tax of N447 billion in October 2025.
This was revealed in NNPC Limited’s Monthly Report Summary for October 2025, released on Saturday.
The total revenue for October reveals an 18.92 per cent increase from 4.27 trillion recorded in September 2025.
The profit after tax was more than double (106.9 per cent surge) from N216 billion recorded in September.
These results were driven by steady crude oil and condensate production, robust gas output.
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According to the report, while the average crude oil and condensate production dropped slightly in October (1.58 million barrels per day) from 1.61 million barrels per day in September, there was a significant increase in sales to 26.71 million barrels from 17.81 million barrels in the previous month.
Natural gas production also saw an increase from 6,284 million standard cubic feet per day (mmscf/d) in September to 6,997 mmscf/d in October. There was also a significant increase in gas sales from 3,443 mmscf/d in September to 4,713 mmscf/d in October.
Operational Performance: Fuel Supply, Statutory Payments, others
In terms of operational performance, the NNPC’s report revealed further improvement in key areas. It said Upstream Pipeline Availability reached 100 per cent, reflecting stable infrastructure performance during the period.
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It, however, reported that Premium Motor Spirit availability at NNPC Retail stations across the country averaged 50 per cent, a drop from 77 per cent in the previous month.
The report also shows that the Obiafu-Obrikom-Oben (OB3) Gas Pipeline project has reached 96 per cent, adding that efforts were being made to conclude arrangements for “the commencement of drilling in line with the revised execution strategy.”
The national oil company also reported that the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline has reached 89 per cent completion, adding that additional resources have been deployed to fast-track construction activities across multiple fronts with the goal of finishing it before the end of 2025.
Industry Collaboration
NNPC said it has continued to sustain industry-wide collaboration and drive production recovery initiatives. Some of the initiatives include completing all scheduled facility maintenance activities in Stardeep–Agbami, Esso–Erha, Renaissance–EA, and OML 42 within the November/December window.
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The State-owned oil firm explained that production levels during the period were temporarily moderated due to ongoing scheduled maintenance activities across key assets, including Usan oilfield and Seplat Energy Producing Nigeria Unlimited (SEPNU); continued delays in the commencement of operations in WAEP (OML 71 & 72), and recent flooding that resulted in well shut-ins in OML 143.
It assured that full production recovery will be achieved in mid-December 2025.
The report also revealed that cumulative statutory payments made by the company between January and September 2025 totalled N11.150 trillion
Victor Ezeja is a passionate journalist, scholar and analyst of socioeconomic issues in Nigeria and Africa. He is skilled in energy reporting, business and economy, and holds a master's degree in Mass Communication. He can be reached via @VICTOREZEJA on X
