NNPC Ltd reported ₦5.08 trillion revenue in October 2025, up from ₦4.27 trillion in September.
Consequently, profit after tax rose to ₦447 billion in October, compared with ₦216 billion in September.
NNPC Revenue And Profit Surge
The company attributed the rise to efficiency and improved market conditions.
Meanwhile, gas production climbed to 6,997 mmscf/d in October, up from 6,284 mmscf/d in September.
Gas sales also increased, reaching 4,713 mmscf/d, surpassing 3,443 mmscf/d in September.
Gas Growth And Crude Output
NNPC noted that this growth strengthens Nigeria’s expanding gas value chain and supports power plants, industries, and export terminals.
Read Also: Air Travel Hit As Airbus Recalls Jets For Fixes
However, crude oil output slightly fell to 1.58 mmbopd, down from 1.61 mmbopd in September.
Pipeline Progress And Future Plans
NNPC provided updates on the AKK Gas Pipeline.
The company deployed additional resources to accelerate construction and expects the main pipeline to finish by late 2025.
The project will boost domestic gas use and drive industrial growth.
During October, production remained moderate due to maintenance on key assets.
Delays in WAEP operations at OML 71 and 72 and flooding at OML 143 temporarily reduced output.
NNPC plans to restore full production by mid-December.
NNPC also released its 2024 full-year results, reporting ₦5.4 trillion profit after tax from ₦45.1 trillion revenue.
The company plans to increase investment in upstream operations and expand gas infrastructure and clean energy projects.
Earlier, NNPC set a $60 billion investment target by 2030 and aims to use strategic partnerships to drive Africa’s energy transition.
