A few days after the announcement of its 2024 Financial Year result, the Nigerian National Petroleum Company (NNPC Limited) has announced a significant revenue increase to N5.078 trillion for October 2025.
This is even as the state oil company posted a result of N447 profit after tax.
This development was contained in the oil firm’s October financial report released on Saturday.
The figure represents a significant 19.2 percent increase in revenue from N4.26 trillion and a 106 percent rise in PAT from N216 billion in September 2025.
The report stated that from January to September, NNPCL paid N11.150 trillion in statutory payments to the federation.
On oil production output, NNPC Ltd noted that production levels during the period continue to be temporarily moderate due to: ongoing planned maintenance activities across key assets like (Usan and SEPNU; continued delays in the commencement of operations in WAEP (OML 71 & 72); recent flooding that resulted in well shut-ins in OML 143.
The state oil firm, however, expressed optimism that full production recovery is planned for mid-December
Also giving an update on the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline and Obiafu-Obrikom-Oben (OB3) Gas Pipeline, it noted that;
“AKK (Mainline): Additional resources have been deployed, thereby fast-tracking construction activities across multiple fronts with a clear line of sight to mainline completion before the end of 2025.
“OB3 River Niger crossing steadily progressing requisite activities preparatory to commencement of drilling in line with the revised execution strategy”.
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