The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported a significant increase in revenue, reaching 5.08 trillion in October 2025, up from 4.27 trillion in September. This growth is outlined in the company’s Monthly Report Summary for October 2025. The report also indicates a substantial rise in Profit After Tax (PAT) to 447 billion, compared to 216 billion in the previous month.
Gas production saw a notable increase to 6,997 million standard cubic feet per day (mmscf/d) in October, up from 6,284 mmscf/d in September. Similarly, gas sales climbed to 4,713 mmscf/d, a significant increase from 3,443 mmscf/d recorded in September. However, crude oil production experienced a slight decline to 1.58 million barrels of oil per day (mmbopd) in October, down from 1.61 mmbopd in September.
The NNPC Ltd has also made significant progress on the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project, a crucial component of Nigeria’s gas infrastructure expansion. The company has deployed additional resources to fast-track construction activities, with the aim of completing the mainline before the end of 2025. Upon completion, the AKK project is expected to enhance domestic gas utilization and spur industrial growth.
The company plans to sustain industry-wide collaboration and drive production recovery initiatives. Scheduled facility maintenance activities in key assets, including Stardeep–Agbami, Esso–Erha, Renaissance–EA, and OML 42, are set to be initiated and completed within the November/December window. Despite ongoing planned maintenance activities and recent flooding incidents that led to well shut-ins, the company aims for full production recovery by mid-December.
The increase in revenue and progress on key projects underscore the NNPC Ltd’s efforts to drive growth and development in Nigeria’s energy sector. As the company continues to work towards completing the AKK Gas Pipeline and enhancing domestic gas utilization, it is likely to have a positive impact on the country’s industrial growth and economic development. With the energy sector being a critical component of Nigeria’s economy, the NNPC Ltd’s progress is being closely watched by industry stakeholders and investors.