NNPC Ltd Rakes in N5.08 Trillion Revenue in October on Increased Gas Output

The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a significant boost in its financial performance for October 2025, recording an impressive ₦5.08 trillion in revenue, driven largely by a sharp rise in gas production and stronger commercial returns across its portfolio.

According to NNPC’s latest Monthly Report Summary, the October revenue figure represents one of the company’s strongest monthly earnings this year, reflecting improved operational efficiency and increasing demand for natural gas both domestically and internationally. The company disclosed that gas production climbed to 6,997 million standard cubic feet per day (mmscf/d) in October, up from 6,284 mmscf/d recorded in September. Gas sales also recorded a substantial increase, rising to 4,713 mmscf/d compared to 3,443 mmscf/d in the previous month. NNPC attributed this growth to ongoing optimisation efforts, enhanced gas processing capacity, and improved reliability of key infrastructure. While gas output surged, crude oil and condensate production experienced a slight decline, dropping to 1.58 million barrels per day (bpd) in October, down from 1.61 million bpd in September. NNPC said the marginal dip was due to temporary operational variances, assuring that crude supply remained stable. The company also posted a remarkable leap in profit after tax, which rose to ₦447 billion, representing over 100% month-on-month growth. Management linked the improved profitability to heightened gas realisations, strengthened commercial discipline, and deliberate cost-control measures across its operations. NNPC Ltd emphasised that the October results highlight the continued impact of reforms introduced after its 2022 transition into a fully commercial entity under the Petroleum Industry Act. The company reaffirmed its commitment to expanding Nigeria’s oil and gas output, attracting new investments, and stabilising the nation’s energy supply chain. Industry analysts note that NNPC’s sustained revenue growth will be crucial in supporting Nigeria’s broader economic recovery efforts. With the global energy landscape shifting towards gas as a transition fuel, the company’s rising gas production places it in a strategic position to increase revenue generation and strengthen national energy security. NNPC said it will continue to publish its monthly performance reports to deepen transparency and keep stakeholders updated on the company’s financial and operational trajectory.