Oil firm more than doubles monthly profit, accelerates AKK construction and targets full production recovery by mid-December
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a significant jump in revenue, reporting ₦5.08 trillion for October 2025, up from the ₦4.27 trillion recorded the previous month. The figures were released in the company’s Monthly Report Summary for October.
According to the report, Profit After Tax (PAT) more than doubled, rising to ₦447 billion in October from ₦216 billion in September, reflecting stronger operational performance across several business segments.
Gas production also surged during the period, climbing to 6,997 million standard cubic feet per day (mmscf/d), compared to 6,284 mmscf/d in September. On an M-2 basis, gas sales rose sharply to 4,713 mmscf/d, a notable increase from the 3,443 mmscf/d sold the month before.
Despite the gains in gas, crude oil production dipped slightly to 1.58 million barrels of oil per day (mmbopd), down from 1.61 mmbopd in September.
In its update on major infrastructure developments, NNPC Ltd confirmed accelerated progress on the Ajaokuta–Kaduna–Kano (AKK) Gas Pipeline project. The company disclosed that extra manpower and resources have been deployed to speed up work across multiple construction points, with a “clear line of sight” to completing the main pipeline before the end of 2025.
The AKK pipeline is a central component of the nation’s gas expansion strategy and is expected to boost domestic gas supply, stimulate industrial activity, and improve energy access once fully delivered.
The report also highlighted ongoing efforts to stabilise production across the industry. NNPC Ltd said it is working closely with partners to sustain recovery initiatives and plans to carry out all scheduled maintenance at Stardeep–Agbami, Esso–Erha, Renaissance–EA, and OML 42 between November and December.
Meanwhile, the company noted that planned maintenance is still underway at key assets, including Usan and SEPNU, while operational startup delays persist at WAEP’s OML 71 and 72. Recent flooding in OML 143 also forced temporary well shut-ins.
NNPC Ltd stated that full restoration of production levels is expected by mid-December.
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